OFF LICENCE & CONVENIENCE STORE CENTRAL HOVE LOCATION EAST SUSSEX

This very popular off licence and convenience store is located in central Hove and close to Western and Church Road. This area of Hove is very busy throughout the year and benefits from a high footfall of residents, visitors to the area and people working in the nearby offices. The surrounding area is in an affluent residential setting with a mix of houses and flats, and is still only a 20-minute walk to the centre of Brighton. The vendor has only decided to sell so that he can focus on his other business opportunities.   The off-licence and convenience store stock a wide range of products, such as tobacco, alcohol, dry goods, confectionary, etc. This is a fantastic opportunity to buy a fully trading business, which the purchaser will benefit from immediately and would be ideal for an owner operator.  There are substantial areas of growth for the business which include offering local deliveries.

THE PREMISES: The off licence and convenience store is located within a newly fitted premise and is located in central Hove. The premise has recently been fully refurbished with new upright chiller display cabinets, shelving and central gondola’s being installed. In addition to this the vendor also installed phase 3 electricity, air conditioning and CCTV. The off licence also has the benefit of a large basement which is used as a stockroom and includes the staff toilet. The store has the benefit from on street parking and also a nearby temporary parking bay, which is ideal for customers to use.

TURNOVER: The store is run by the vendor with the assistance of one full time staff member. The off licence is currently open seven days a week 10am-10pm. Details of the turnover will be shared with any bona fide purchaser.

ALCOHOL LICENCE: Permitted to sell alcohol every day from 8am-11pm Monday-Saturday and 9am-10:30pm on Sundays, for consumption off the premises.

TENURE:  The premises are held on a full repairing and insuring 20-year lease, at a current rent of £20,000 per annum.  Rent reviews are due to take place every 5 years.  

RATES: The business receives the benefit of the Small Business Rate Relief and the amount payable at the present time is £782 per annum. The rateable value for the property is £20,500 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 thoroughly recommend this as being an extremely well run and presented business. Fantastic location in Hove on a buoyant parade of shops. Newly refurbished. Secure lease. The premises licence has no conditions applied.

PRICE: We are instructed to quote for the lease, goodwill, premise licence, equipment, trade fixtures and fittings £75,000. SAV (stock estimated at £25,000) Price reduction.

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 property has a rating of a band C – full report 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:         6675G

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.