Traditional Newsagent & Off Licence in Steyning For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, West Sussex. Near SHOREHAM BY SEA STEYNING

Turnover £ 7,000
Price £69,950

Features

Old Established Newsagents Plus off Licence & Convenience

GRADE II LISTED
EX COMPANY SHOP

DOUBLE FRONTED PREMISES in the region of 1,175 ft² with vinyl floor, ceiling with spot lights, sales counter, EPOS till, cigarette gantry, modern adjustable shelving, 3 x drinks display fridge (glass fronted upright double-door), 2 x ice cream freezer, Vape display cabinets.

2 x Stock room.

Staff Toilet with w.c. and wash hand basin.

First Floor in the region of 450 ft²

3 Rooms, which subject to planning we feel could be utilised as potential accommodation.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 22% approx.. Lucrative Wholesale newsbill £2,500 p.w.

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

NATIONAL LOTTERY £70 per week approx.
PAY POINT (including pastels) £60 per week approx.

Staff

The business is at present operated by the vendor with 1 full time staff & 1 part time staff. 7 news rounds, delivery charge £5 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY 6am - 8pm
SUNDAY 7am - 5pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 8 years in 2017 with reviews every 4 years (next review 2025) at a current rent of £13,500 p.a.

Business Rates from April 2023 £650 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £69,950 plus STOCK AT VALUATION (£30,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 34,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote