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Long Est Convenience Store/Off Licence Eastbourne For Sale

Eastbourne, East Sussex
Freehold Price:
£429,950 Furniture / Fixtures included
Leasehold:
£44,950 Furniture / Fixtures included
Turnover:
£260,000
Net Profit:
Available on request

Popular convenience store in a busy parade in a well populated residential area. Attractive, well fitted & equipped premises with CCTV system, alarm system and the benefit of air-conditioning. As part of the freehold sale, there is a separate access at the back to steps that lead to the private 2 bedroom maisonette above. Trades M-Fri 8am-9pm; and Sat & Sun 8am-10pm, but holds a licence to open longer hours. Run by retiring husband and wife. T/O averages £5,000pw. This profitable business benefits from a regular customer base from the local residential area.

Property information

Property:

Available as freehold and leasehold

Lease Terms:

The business proprietors also own the freehold of the premises, which is offered as part of the freehold sale, together with the maisonette above. The business rates for the premises, after small business relief, are currently £nil. If purchased leasehold, then the current proprietors will offer a new 15 year lease for the business & maisonette with an expected combined annual rent of £20,000pa.

Leasehold Rent:

£14,400 per annum

Living Accommodation:

As part of the freehold purchase, there is a separate access at the back of the building to the steps that lead to the private maisonette above the shop.

This private accommodation briefly comprises on the first floor: kitchen / good size lounge - and on the second floor: large double bedroom / small double bedroom / bathroom and WC.

Location:

This convenience store is located a nice, well populated area of the East Sussex coastal town of Eastbourne.

Eastbourne is a town, seaside resort and borough in the non-metropolitan county of East Sussex on the south coast of England, 19 miles east of Brighton. Eastbourne is immediately to the east of Beachy Head, the highest chalk sea cliff in Great Britain and part of the larger Eastbourne Downland Estate. Eastbourne's population is growing and in the 2011 census was almost 100,000.

Premises Details:

The business occupies a site, as part of a small parade of shops, in a large residential part of Eastbourne, with a local school in the road opposite to the shop.

The main unit displays wine/beers/spirits, groceries, cigarettes and confectionery. To the back is a WC and rear door leading to the outside store and access for deliveries. The sale includes all the fixtures and fittings in the shop, including a confectionery display counter, ice cream freezer, chiller cabinet, freezer, drinks fridge, alcohol and grocery shelving, till and, as already mentioned, CCTV and alarm systems. The business offers the ability to pay by debit and credit card.

The premises have the security of a CCTV system and alarm system, plus the benefit of air-conditioning.

There is free parking for customers near to the shop.

Business Operation

Expansion Potential:

This is an excellent opportunity to acquire a popular convenience store, with a loyal customer base, in the coastal town of Eastbourne.

Reasons for selling:

Retirement.

Trading hours:

The shop opens 7 days a week - Monday to Friday 8am through to 9pm; and Saturday & Sunday 8am through to 10pm. The business holds a licence to open for longer hours.

Employees:
The husband and wife owners run the shop.
Years established:
This convenience store was purchased by the current proprietors in 2002, subsequently buying the freehold to the building in 2006. It has a strong turnover and regular customer base.

Other Information

Leasehold asking price:
£44,950 - Furniture / Fixtures included
Home based:
This business can be run from home.

Contact Information

    1. Your Address

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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