FARM SHOP GREENGROCERS ON BUSTLING PARADE OF SHOPS, HOVE, EAST SUSSEX

Hove, East Sussex

Status

FOR SALE

Date Submitted:

12/04/21

Advert ID

275053

Reference

6563M / Rightbiz
Leasehold: £44,950
Annual Rent: £9,000
Annual Turnover: Not Applicable
Annual Net Profit: N/A

This south facing farm shop/greengrocers is located in a well-established retail parade of buoyant shops in Hove, East Sussex. The business benefits from a high footfall as it is located in a thickly populated residential area and is surrounded by a variation of many different retail outlets, such as household furniture shops, convenience store, offices, Post Office, etc. The shop offers an extensive selection of fresh and locally sourced fruit and vegetables, deli cheeses, chutneys, etc. They also stock logs, kindling, and seasonal products such as Christmas trees. In addition to the food supplies the vendor also stocks a range of clothes, candles and organic skin care and other gift items. The farm shop was created by the current vendor 5 years ago and during this time has developed a loyal customer base and excellent reviews on Google reviews and Facebook. The vendor has decided to sell as she wishes to retire.

 

THE PREMISES: Ground floor single fronted A1 shop comes to the market in excellent condition and is a well contained retail space. On entering the shop there are a number of free standing shelves and displays which are used for the fresh fruit and vegetables and deli products. To the right hand side of the shop is the serving counter and to the rear are two upright chiller cabinets which are used to store perishable food items. The vendor also sells a number of clothing items and has created a small changing space at the very rear of the shop. There is also a large toilet space at the rear which includes a separate storage area. To the front of the shop is a large forecourt which has a number of metal shelves on wheels which are used for additional fruit and vegetables as well as garden items, such as flowers and compost. PLEASE NOTE: The scales and antibacterial gel stand are currently on hire and not included in the sale.

TURNOVER : - At present the vendor works full-time in the business. We are informed that the current weekly turnover averages £2,000 per week. The business trades during the hours of 9am-5pm -Monday to Saturday and 10am-4pm on Sunday. The vendor also offers free deliveries of fruit and vegetable boxes in the local area which have provide very popular in the last 12 months. The vendor also stocks Christmas Trees during December which are always very popular and will often sell out.

TENURE: The entire premises are held on a full repairing and insuring lease, which currently has 5 years remaining at a current rental of £9,000 per annum. The rent incudes utilitys .The lease has the protection of the landlord and tenant Act, therefore there should be no issue in renewing it.

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.

 PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings  - Price Reduction£44,950 SAV

LEGAL FEES:  Each party to be responsible for their own legal costs.

 

Key Features
  • Established Business
  • Prime Location
  • New Lease
  • Accounts Available
  • Attractive Business
  • Town Centre location
  • Small Business
  • Retirement Sale
  • Fully Fitted
Contact Agent
Advert Reference:
6563M / Rightbiz
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