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Reputable Convenience Store For Sale

Brighton, East Sussex, UK
Asking Price:
£99,995
Turnover:
£320,000
Net Profit:
Available on request

Business
Please quote reference B06418

Hilton Smythe is delighted to welcome to the market this well established and busy convenience store, which is ideally located on Station Road, Portslade.

The long-established business was purchased by our client in March 2021, only now being offered to the market, as our client looks to focus on other business interests. The business currently operates 7 days per week and generates a turnover in the region of £320,000 per annum.

Our clients offer a wide variety of goods, including confectionery, chilled foods, ice cream, soft drinks, alcoholic beverages, tobacco products.

The business has built up an excellent reputation within the area for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade along with the ample footfall and daily commuting customers.

The property is very well maintained and fitted to suit the trade. The lease also includes a 3-bed flat above the shop, which is currently tenanted with a management company generating a rental of £1,000 per calendar month. There is an option to keep the management company service or utilise as living accommodation should the purchaser desire. Our client has also looked at the option to extend the shop at the rear of the premises, the quote for the extension was in the region of £7,000.

We feel there is scope to increase the turnover. A new owner could also embark on a modest marketing campaign to highlight the excellent goods and service offered and offering parcel delivery and collection services. There is also scope to offer newspaper deliveries within the area for the elderly/Vulnerable, along with extending the opening hours as the alcohol licence allows the premises to sell alcohol until midnight.

The following is included in the sale:
Counter and Tobacco gantry
Central display aisles
Slat wall panelling
4 Fridges
Ice cream freezer
Display shelving

This is an excellent opportunity for a new owner, perhaps a husband-and-wife team or partnership, to take this already busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

Location
Portslade News is located on the busy Station Road, Portslade in Brighton.

Portslade is a vibrant area with lots of new housing recently developed and only 5 miles west of central Brighton.

Station Road connects north to the A270 and A293 which connects commuters directly to the A27 and A23 cross country link roads.

Premises
Large glass fronted shop with excellent eye-catching signage. The premises benefit from ample outside street parking.

Open plan service area
Stock room / WC

Self-contained 3 bed flat above the shop, the flat has a separate entrance at the side of the premises.

The business is secured with a metal shutter.

Tenure
We are advised the business is being sold on a Leasehold basis with 11 years remaining on the current Lease, the rent is £1750 which includes the flat.

Hours
The business trading hours are as followed:
Monday to Saturday - 07:00am to 20:00pm

Sunday - 07:00am to 15:00pm

Staff
The business is owner run and managed.

Financial Profile
We are advised the business generated a turnover of circa £320,000 as of 2020, further financial information can be made available upon request.

Please quote reference B06418

Property Information

Property:

Leasehold

Contact Hilton Smythe

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