Bargain Store In Excellent Location | | St Leonards on Sea East Sussex | | There has been a bargain shop in this location for at least 32 years and it has been in our clients hands for the last 7. It is now available for sale to allow our client to pursue another business opportunity. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61031
ADVERT IMPRESSIONS : 6,039 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Bargain Stores | | SALE: | Agent Sale | ASKING PRICE: | £34,999 | LEASEHOLD: | £34999 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The shop is located in a busy shopping street very close to the train station in St Leonards on Sea. It is supported locally by number of independent retailers, catering outlets and professional services businesses.
BUSINESS
There has been a bargain shop in this location for at least 32 years and it has been in our clients hands for the last 7. It is now available for sale to allow our client to pursue another business opportunity.
The shop sells a range of bargain household items, hardware, cosmetics, over-the-counter medicines, cards, toys, etc.
Sales for the year to May 2010 were £141,926 (excluding VAT) producing a gross profit of £45,524 - a gross profit margin of 32%. There is scope to increase sales by adding groceries and / or papers and opening later and on Sundays.
PREMISES
Shop - with an internal width of 243 (7.4m) and a maximum depth of 226 (6.8m). There is carpet and strip lighting throughout it is comprehensively fitted with a range of wall units, shelving and gondola units. To the rear of the shop, there is:
Staff WC.
Storeroom - about 136 (4.1m) by 113 (3.4m). Leading to:
Office - about 59 (1.7m) by 59 (1.7m).
HOURS
Monday to Saturday - 8:30 am to 5:15 pm.
STAFF
Our client works in the business on average 4.5 days per week with the assistance of his son who works 5 days per week and a part-time member of staff.
TENURE
The premises are available on a freehold basis or on a commercial lease (length to be agreed) at a rent of £10,000.
RATES
2010/11: Rateable Value is £6,900. Rates payable £1,065 assuming Small Business Relief applies.
STOCK
To be purchased separately at valuation upon completion (estimated current value of £12,000). | | | | | | FOR SALE | | | | | REFERENCE: | 2663MRL / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
