Scroll To Top

POST OFFICE LOCAL & POUND SHOP BUSY PARADE OF SHOPS SOUTHWICK, WEST SUSSEX

Southwick, West Sussex
Leasehold Price:
£10,000
Status
FOR SALE
Advert ID
242952
Reference
6470S / Rightbiz

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.

 

Listing Details
Leasehold Price: £10,000
Tenure: Leasehold
Location: Southwick, West Sussex
Sector: Retail, Post Offices
Financials
Annual Turnover: £79,000
Annual Net Profit: Available upon request
Key Features
  • Established Business
  • Fully Fitted
  • Accounts Available
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6470S / Rightbiz
Listing Statistics
Impressionsi: Upgrade to view
Enquiriesi: Upgrade to view
Interestedi: Upgrade to view
Watchingi: Upgrade to view
Date Ad Submitted: Upgrade to view
Last Viewedi: Upgrade to view
Last Updatedi: Upgrade to view
Last Enquiry Received: Upgrade to view
Register and contact seller.
By submitting this form, you confirm that you agree to our Terms and Conditions and Privacy Policy.
* required fields
Request More Details
Or, arrange a viewing
Contact the seller for more details, or book a viewing

Related Businesses for Sale

Convenience Stores
Post Offices
Watkins Commercial
Post Offices For Sale in North Ferriby
North Ferriby, East Riding of Yorkshire
Convenience Stores
Off Licences
Watkins Commercial
Off Licence shop with two bedroom...
Northampton, Northamptonshire
Disclaimer
The data showed regarding this advert 'POST OFFICE LOCAL & POUND SHOP BUSY PARADE OF SHOPS SOUTHWICK, WEST SUSSEX - 6470S / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.
Find out more about the business by contacting the seller