Property Information
Address:
Brighton, East Sussex, BN1
, BN1
Price: Property no longer available.
Size: SOA
Primary Category: Commercial Property
All Categories:
Property Ref/Movehut: MH434158
Property Ref/Agent: G7001-Business for Sale
*Please use the agent ref when calling the agent directly.
Property description
SPACIOUS DOUBLE FRONTED SALES SHOP approx. 800 sq. ft. sales area with lino floor, fluorescent lighting. Fully equipped including modern adjustable shelving, centre display gondola, 1 large glass topped chest deep freezer, 1 ice cream deep freezer (owned), 2 double door glass fronted display fridges (owned), counter, electronic cash register etc. Stockroom
Staff cloakroom with w.c. and wash hand basin Basement used for storage purposes Turnover WE ARE INFORMED the turnover averages 10,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 1,100 p.w. We are further advised the gross profit is in the region of 20%. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of between 50/60 p.w. The business also has Payzone which we understand provides a further commission of approx. 50 p.w. Staff The business is at present operated by a husband and wife team with the assistance of 1 full time staff. 3 morning newsrounds. Delivery charge 2/2.50 p.w. Trading Hours Monday - Saturday inclusive - 6.30 a.m. - 10 p.m.
Sunday opening - 7 a.m. - 10 p.m. Tenure We understand the premises are held on a secure renewable lease, the present lease having approximately 5 years unexpired at a current rental of 12,500 p.a. exclusive of rates. We further understand that the landlord, subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of approximately 12,500 p.a. exclusive of rates, with rent revisions. Uniform Business Rates: 4,000 p.a. approx. RECOMMENDED FOR EARLY INSPECTION REDUCED FOR EARLY SALE Price TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES FITTINGS 87,500 plus STOCK AT VALUATION (25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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