HIGHLY PROFITABLE CONVENIENCE STORE 408 SQFT RETAIL SPACE BUSY MAIN ROAD POSITION HOVE, EAST SUSSE

HIGHLY PROFITABLE CONVENIENCE STORE 408 SQFT RETAIL SPACE BUSY MAIN ROAD POSITION HOVE, EAST SUSSEX The convenience store is located in a densely populated area of Hove on a main road, and benefits from a high footfall of pedestrians. 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 premises also benefits from having a bus stop just outside of the premises which is a main bus route running through Hove. The convenience store stocks a wide range of items, including fresh produce, alcohol, tobacco, confectionary and stationary. They also provide the lottery, Paypoint and provide access to an ATM machine.

THE PREMISES: The business occupies a double fronted unit on a popular parade of shops on a busy main road in Hove. The convenience store benefits from easy access to on street parking. Within the store there is a large retail space (27’ 03” x 15’ 09’) with a number of central display gondolas, a modern service counter, smart wine and spirit display shelving, modern lighting, a number of open view frozen food display chest cabinets and upright drinks chiller cabinets throughout the retail space. To the rear of the premises is a storeroom (16’ 11” x 15’ x 11”) with shelving and access to the staff WC’s with fitted wash hand basin, in addition to a small yard. There are CCTV camera’s installed throughout the premises.

TURNOVER: The business is run by the vendor with the assistance of two part time members of staff. At present the business currently trades 7 days a week, 7am-11pm, Monday –Saturday and 8am-10:30pm on Sundays. We are informed that the current average turnover is £8,000.per week, inclusive of VAT. The wholesale newspaper bill averages £220 per week.

TENURE: The premises are held on a full repairing and insuring lease, which has approximately 8 years unexpired at a current rent of £12,500, per annum, exclusive.

RATES:We have been verbally informed that the business receives the benefit of the Small Business Rate Relief and the amount payable at the present time is zero. 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 leasehold tenure. Busy main road position. Early Inspections Advised.

PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings Price £114,000. (Stock valued estimated at £20,000) LEGAL FEES: Each party to be responsible for their own legal costs. VIEWING: On no account should any approach be made to the staff without a prior appointment through the vendor’s sole agents, Watkins Commercial, Telephone: 01273 709090.

ENERGY PERFORMANCE CERTIFICATE: B DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement. The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase. VAT: All prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction. MORTGAGE & FINANCIAL PLANNING: We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status. Prop. Ref: 6538G These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract