GIFT SHOP BUSY PARADE OF SHOPS LANCING, WEST SUSSEX

This ideally located Gift Shop is located in a highly populated residential area, on a thriving parade of shops in Lancing and is only minutes from Lancing Mainline railway station. The business was established 4 years ago and now only comes to the market due to the vendor’s wish to focus on other business opportunities.  During this time the vendor has developed a reputation for stocking a wide range of gifts, stationary, toys and balloons.

THE PREMISES: This business operates from a well-presented premise on a busy parade of shops in the coastal town of Lancing, which is just outside of Brighton. There is street parking readily available for customers and a public car park nearby. The premises come to the market in excellent condition and was fully refurbished 3 years ago. The gift shop consists of a large retail space, with a serve over counter at the front of the premises and display racking and gift card tiered shelving throughout, with a valuable range of stock. To the rear of the premises is a very large stock room, kitchenette and staff WC with hand basin.

TURNOVER: Full trading accounts can be made available to any bona fide purchaser. The business currently trades Monday- Saturday 9am-5pm. The vendor currently works full time in the business, with the assistance of 1 full time member of staff.

TENURE: The premises is held on a full repairing and insuring lease at a current rental of £10,000 per annum and there are 6 years remaining on the lease. Rent reviews are due to take place every three years.

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 thoroughly recommend this as being an extremely well-presented business, which will produce sound profits.  Ideally located on a busy high street and surrounded by residential properties. Easy access to parking for customers.

PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings a £45,000 SAV (stock value 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:  The premises has been rated a Band F, the full report is available on request.

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:        6634M

These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract

APPLICANTS CONFIDENTIALITY AGREEMENT

I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential.  I also undertake that I will:

i)                View businesses registered with Watkins Commercial by appointment only.

ii)               Not contact any owner, staff, suppliers, competitors or customers of any business registered with Watkins Commercial

iii)              Not pass on any information supplied by Watkins Commercial to any third party other than a professional advisor et. Bank, solicitor, surveyor accountant, etc.

iv)             Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations

v)              Be liable for any commission which would have been due to Watkins Commercial should I be party to negotiations or actions which seek to preclude, or are contrary to the interest of Watkins Commercial