The post office local is located in a densely populated area of Southwick, and benefits from a high footfall of pedestrians. The business has been in the current vendor’s ownership for 5 years 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 pound shop stocks a wide range of items, including stationary, household goods, toys and seasonal goods.
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 at the front of the premises with a number of central display gondolas. The modern secure post office counter is located to the rear of the premises, which has two service windows. The premises are fitted with CCTV and an alarm system. There are also metal shutters on the front of the premises. We understand from the vendors that all fixtures and fittings are owned outright and nothing is on hire purchase or lease.
TURNOVER: The business is currently run by the vendors with the assistance of one other full time staff member. At present the business currently Monday –Friday 8:30am-5pm and 9am-12:30pm on Saturday. We are informed that the current average turnover from the pound shop is £1,000 per week and the commission from the Post Office local is £27,000 per annum.
TENURE: A new full repairing and insuring lease will be granted at an expected commencing rental of £14,500 per annum. The term to be agreed between the council
RATES: We have been verbally informed that the rateable value is £10,000 and the rates payable are £5,760 per annum. Prospective occupiers should make their own enquiries to verify same.
GENERAL REMARKS: This business was personally inspected by the vendor’s sole agents who can confirm that the entire premises are fitted and equipped to an excellent standard. Other Points to Consider: Security of a new lease. Established business. Early Inspections Advised. Low overheads.
PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings PRICE £10,000 SAV (Stock valued estimated at £25,000)
LEGAL FEES: Each party to be responsible for their own legal costs.
- Established Business
- Fully Fitted
- Accounts Available