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HIGHLY PROFITABLE OFF LICENCE & NEWSAGENT BUSY PARADE OF SHOPS SOUTHWICK, WEST SUSSEX

Southwick, West Sussex
Leasehold Price:
£90,000
Status
FOR SALE
Advert ID
217235
Reference
6405G / Rightbiz

The grocery store is located in a densely populated area of Southwick, and benefits from a high footfall of pedestrians. The business has been established since 2005 and only now comes to the market due to the vendor’s wish to retire. In the surrounding area there are a number of retail and catering premises, making this a thriving parade of shops serving the local community. The grocery store stocks a wide range of items, including tinned and fresh produce, fresh sandwiches, confectionary, a range of alcohol, tobacco, large selection of greeting cards and stationary. They also offer the lottery, Collect and Paypoint to customers.

 

THE PREMISES:           The business occupies a double fronted unit on a popular parade of shops in Southwick Square. The convenience store benefits from easy access to on street parking and with a large pay and display car park only a short walk away. Within the store there is a large retail space with a number of central display gondolas, a modern service counter to the rear of the premises, smart wine and spirit display shelving, modern lighting, a number of upright drinks chiller cabinets throughout the retail space. To the rear of the premises is a small storeroom with shelving and access to the staff WC’s with fitted wash hand basin.

 

TURNOVER: The business is currently under management and is run by 2 full time members of staff. At present the business currently trades 7 days a week, 6am-8pm, Monday –Saturday and 7am-4pm on Sundays.   We are informed that the current average turnover is £10,500 per week, (this excludes lottery and Paypoint income). The wholesale newspaper bill averages £1,200 per week.

 

 TENURE:: The premises are held on a full repairing and insuring lease, which has approximately 4 years unexpired at a current rent of £10,510, per annum, exclusive. 

 

Listing Details
Leasehold Price: £90,000
Tenure: Leasehold
Location: Southwick, West Sussex
Sector: Newsagents, Off Licences
Financials
Annual Turnover: £546,000
Annual Net Profit: Available upon request
Key Features
  • Fully Fitted
  • Established Business
  • Attractive Business
  • Accounts Available
  • High Turnover
  • Prime Location
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Advert Reference: 6405G / Rightbiz

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