NEWSAGENTS IN SHOREHAM BY SEA, WEST SUSSEX
Undisclosed
- Status
UNDER OFFER
- Date Submitted:
08/02/22
- Advert ID
290297
- Reference
T35153T / Rightbiz
- Call Agent:
- Leasehold: £25,000
- Turnover: £227,000 (£4,365 Per week)
- Net Profit: On request
Key Features
- Small Business
- Fully Fitted
- Close to Local Amenities
- Established Business
- Accounts Available
Business Details
NEWSAGENTS IN SHOREHAM BY SEA, WEST SUSSEX
NEWSAGENTS IN SHOREHAM-BY-SEA, WEST SUSSEX
Located in a shopping precinct near the town centre and the mainline railway station in Shoreham-by-Sea, the business benefits from its close proximity to a large supermarket which helps to increase customer footfall. There is a public car park directly behind the shop.
This impressive and well maintained corner unit has a bright and spacious retail area of approximately 900 sqft. The shop is very well-equipped for the trade including high-quality fixtures & fittings, CCTV and EPOS systems along with good storage and office facilities to the rear. Please note that there is no living accommodation included.
The business was purchased by the current owner 5 years ago and is now for sale only due to retirement. The shop sells a wide range of newspapers and magazines, greetings cards, toys and jigsaws along with stationery, cigarettes & tobacco, soft drinks, confectionery and ice creams. There are also full National Lottery facilities.
Current trading hours are: Monday to Saturday 8.00am – 5.00pm & Sunday 8.00am – 1.00pm. Accounts for the year ended 28th February 2021 show annual sales of £227,162 and a gross profit (including commissions) of £69,405. We are informed by the landlords that a new 5-year lease will be available to new owners of the business at a rent of £900 per calendar month.
LEASEHOLD £25,000 / REF: T35153T
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Listing Statistics
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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