Silas is a well-established Eastern European supermarket prominently situated within the centre of Littlehampton, West Sussex. The business benefits from an established local customer base, supported by a strong Eastern European community, an increasing resident population, and seasonal tourist trade associated with the town’s popular coastal location. Littlehampton town centre enjoys a vibrant independent retail sector, which is considered particularly favourable for specialist food operators and helps support ongoing trading demand. The business offers a wide-ranging selection of products sourced from Lithuania, Poland, Russia, Latvia, Romania, Bulgaria and the United Kingdom, including an extensive range of fresh and frozen food lines as well as confectionery and alcohol. Having traded from the premises for a considerable period, the business has built a strong local reputation and benefits from regular repeat custom. The business has also developed notable online goodwill, reflected in 5.0-star reviews on Facebook and approximately 4.4 stars on Google Reviews.
- Asking Price:
- £49,950
- Turnover:
- £384,800
- Net Profit:
- Undisclosed
Property Information
- Property:
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Leasehold
- Lease Terms:
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The premises are held on a full repairing and insuring lease, which has approximately 6 years unexpired at a current rent of £14,000, per annum.
- Location:
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Silas is a well-established Eastern European supermarket prominently situated within the centre of Littlehampton, West Sussex. The business benefits from an established local customer base, supported by a strong Eastern European community, an increasing resident population, and seasonal tourist trade associated with the town’s popular coastal location. Littlehampton town centre enjoys a vibrant independent retail sector, which is considered particularly favourable for specialist food operators and helps support ongoing trading demand.
- Premises Details:
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THE PREMISES: Occupying a strong and established High Street trading position, the store benefits from consistent all-year-round footfall, with a notable uplift during the busy summer season. Customer convenience is further enhanced by the availability of nearby street parking together with a public car park, supporting ease of access and regular passing trade. The premises are fitted and equipped to suit the current business operation, with the retail area comprising fixed shelving and display racking, upright refrigerated display units, and a deli counter with adjoining food preparation space and meat slicer positioned towards the rear. Beyond the retail area is a substantial stockroom incorporating office accommodation, together with several chest freezers and a walk-in chiller, confirmed to be in working order at the time of inspection. The premises also includes a garage which is located at the rear of premises and is currently used for storage. The property also benefits from the installation of CCTV throughout.
- Planning Consent:
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ALCOHOL LICENCE: The premises benefit from a Premises Licence permitting the retail sale of alcohol. The Premises Licence number is 10082 and permits the sale of alcohol between 8:00am and 10:00pm, seven days per week.
Business Operation
- Management type:
- This business has absentee ownership.
- Reasons for selling:
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Other interests
- Trading hours:
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Seven days per week between the hours of 10:00am and 8:00pm
- Employees:
- fully managed, with a staffing structure consisting of two full-time staff members.
