Discount Store in East Sussex For Sale

Situated in a Parade, prominent trading position, residential area, East Sussex.

Turnover £ 2,700
Price £65,000

Features

Old Established Discount Store

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 1,515 ft² WITH ELECTRIC SHUTTERS, wood strip floor, suspended ceiling with fluorescent lighting, sales counter, EPOS till, modern adjustable shelving, card racks, CCTV system (4 cameras, 1 monitor).

Stock room with shelving.
Office.
Staff Toilet with w.c. and wash hand basin.
Kitchen.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,700 p.w. with a Gross profit of 35% approx.

Staff

The business is at present operated by the vendor part time with the assistance of 2 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 9am - 5pm

Outside

Parvate car Parking.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2009 with reviews every 4 years (next review 2025) at a current rent of £21,000 p.a. + VAT. In addition we understand there is a Service charge of £4,325 p.a. approx. + VAT

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

Business Rates from April 2024 £2,215 approx. (Please contact local authority to confirm)

The landlords requre a 6 month rent deposit.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2010, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION (£30,000 APPROX. can be reduced)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote