Business for Sale in West Sussex PREMIER CONVENIENCE STORE IN WEST SUSSEX (SOLD)

Key Information

Reference

GT30803T

Tenure

Leasehold

Status

Sold

Region

West Sussex

Sector

Convenience Stores

Accommodation

No

Business Information

The business is located in a highly populated area in a busy seaside town in West Sussex. There is free roadside parking directly outside the shop and there is no immediate competition in the local area. The 700sqft retail area is well-equipped for the trade and there are substantial storage and office facilities to the rear of the shop. The premises are held on a 30-year lease from March 2010 at a current annual rent of £10,500.

This is a very well-established business which is currently run by the owner with assistance from four part-time staff. The shop sells newspapers & magazines, alcoholic & soft drinks, tobacco, sweets & snacks, ice creams, greetings cards and a good selection of household & convenience goods including frozen products and pet foods. There are national lottery and paypoint facilities, and both generate a good commission income.

Current opening hours are: Monday to Saturday 6.00am – 7.30pm & Sunday 8.00am – 2.00pm. We understand that Gross Weekly Retail Sales are in the region of £13,500 plus additional National Lottery and Paypoint takings of approximately £12,500 per week. There would seem to be great potential to expand the off licence facility and extend the opening hours, and new owners could also introduce a newspaper delivery service.

Leasehold £150,000. Ref: GT30803T