Established Sussex Coastal Town Newsagents Tobacconist & Confectioners For Sale

Business description

A very well fitted lock-up shop in busy parade on main road with easy parking. 3yrs remain on renewable lease, rent £6,000pa (new lease possible). High T/O £470,000pa (£9,200+pw) to Mar 09 including lottery and Payzone commission. GPM 30%. Very good Net Profit. WNB £5,500m pw with 18 rounds using reliable part-time delivery staff. Run by vendors, 1 full-time & 2 part-time staff. Traded for 30yrs+, sale for family reasons. Suit working couple or family partnership.

Property information

Property:

Leasehold

Lease terms:

The premises are held on a renewable lease with 3 years remaining at a current rent of £6,000 per annum. We understand that the landlord would be happy to offer a new lease if desired.

Leasehold rent:

£6,000 per annum

Location:

This busy traditional newsagent, tobacco and confectionery shop is situated on a main road in a well-populated residential area of a popular East Sussex coastal town.. The location benefits from easy parking in front of the shop and enjoys a high level of regular trade throughout the day having been established for over 30 years.

Premises details:

The business occupies an end-of-parade lock-up retail shop in a modern building amongst other complementary retailers. The frontage features wood framed display windows with an eye-catching red sun awning and suspended Payzone and National Lottery signs above. Entrance is through a central door into the shop, which is given over to the sale of newpapers, magazines, greeting cards, confectionery, tobacco, and stationery goods.

The interior is well-fitted with a ceramic tile floor, florescent lighting and is well equipped with an ice cream cabinet, island shelving gondola, magazine and news display rack, 2 x Greeting Card display racks with drawers below, 4 x giftwrap dispense, single door display chiller, double door display chiller, and adjustable wall-mounted shelving units, etc.

Other information

Expansion potential:

could add extra newsrounds.

Reasons for selling:

sale for family reasons

Trading hours:

Monday Tuesday, Thursday 5.00am to 7.00pm
Wednesday, Friday, Saturday 5.00am to 8.00pm
Sunday 5.00am to 6.00pm.