Property Information
Address:
Brighton, East Sussex
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH489112
Property Ref/Agent: 2603-newsagents-convenience-store-and-busy-post-office
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe welcomes to the market Teshco Local.
This very popular multi facet concern is a winning combination of a newsagents, convenience store and busy post office.
The business reports a turnover of 350,000 with a gross profit of 25%, with an additional post office salary of circa 32,000 per annum.
Revenue is derived from the sale of newspapers, PayPoint, lottery sales, alcohol and tobacco sales and the store holds a small selection of convenience items with the potential to increase by using the storage area to the rear of the store if required.
In addition the business has a thriving post office with the usual host of services and is very well supported by the local community.
We are advised that when a new owner acquires the business it is envisaged that the post office will be relocated within the retail area and that these changes could reduce the post office salary to circa 22,000.
The business has been successfully run by our client since 2006 and only now does the business come to the market due to our clients other business interests and early viewing is highly recommended.TENUREWe are advised leasehold
The remaining length of the lease is until 2016
Rent is 7000 per annum.HOURSTo be advisedSTAFFThe business is owner run and managed.FINANCIAL PROFILEThe business reports a turnover of 350,000 with a gross profit of 25%, with an additional post office salary of circa 32,000 per annum.
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