Newsagent and Off Licence in East Sussex For Sale

Situated in a parade, excellent trading position, close to Marks & Spencer, Night Club and other blue chip businesses, EAST SUSSEX.

Turnover £ 4,750
Price £65,000

Features

Counter Newsagents with off Licence and Lottery

DOUBLE FRONTED PREMISES, in the region of 650 ft², WITH ELECTRIC SHUTTERS, CCTV (7 cameras), non slip industrial vinyl flooring, suspended ceiling with LED lighting.

Sales counter, electric cash register, 4m chiller, 5 m chiller used for wines and beers, adjustable shelving, vape display cabinet, monster fridge (on loan), etc.

2 Store rooms.

Staff cloakroom with toilet and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. - £5,000 p.w. with a Gross profit of 30% approx.. Wholesale newsbill £150 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £90 per week approx.

Staff

The business is at present operated by the Husband & Wife team and family assistance as required.

Trading Hours

7 Day week
MONDAY - SATURDAY 8 am - 7.30 pm
SUNDAY 9 am - 2pm
We are advised there is scope and demand for additional hours.

(Liquor Licence 8 am - 11 pm 7 days )

Outside

Yard

Tenure

The vendor owns the Leasehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE granted for 15 years in 2025 with reviews every 3 years (next review 2028) at a rent of £14,400 p.a. for the first 3 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2005, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION
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