FREEHOLD SEWING MACHINE SALES AND REPAIR BUSINESS STATION ROAD, PORTSLADE

Varney’s Sewing Machine & Repairs has been trading for an impressive 84 years, during which time it has built an exceptional reputation for customer service and reliability. As one of the main stockists for Janome sewing machines in the area and specialists in machine repairs, the business attracts a strong and loyal customer base. The freehold is offered for sale as the current vendor plans to retire, with the added benefit of a full handover available for a new owner. Located in a prominent position on Station Road—a busy main road on the Hove/Portslade border—the shop enjoys high year-round footfall with no direct competition. There is also clear potential to grow the business further by expanding sewing machine sales and actively promoting this side of the operation.

THE PREMISES: The freehold E-class premises occupy a prominent position on Station Road, which is a busy main road on the Hove/Portslade border, benefiting from consistently high footfall throughout the year. The shop features a spacious retail area for displaying sewing machines and accessories, with a counter, adjoining workroom with fitted benches, and a kitchenette and toilet to the rear, along with convenient on-street parking. There is significant scope to further grow the business by expanding sewing machine sales and actively promoting this high-margin side of the operation, presenting an excellent opportunity for a new owner to build on an already well-established and respected brand.

RATES: We have been informed that the rates payable currently are zero due to the small business rate relief scheme.  The rateable value for the property is £5,700 per annum Prospective occupiers should make their own enquiries to verify same.

TURNOVER: The current average weekly turnover is approximately £1,200, achieved while operating significantly reduced hours (10am–2pm Monday–Wednesday and Friday, and 10am–1pm on Saturdays). Repairs make up around 60% of the turnover, with 40% derived from machine and accessory sales. There is clear potential to increase revenue by extending trading hours, promoting sewing machine sales, and developing additional retail opportunities.

GENERAL REMARKS: Freehold business positioned on a busy main road on the Hove/Portslade border, benefiting from consistent year-round footfall. Established for an impressive 84 years, this long-standing concern enjoys an excellent reputation, a loyal returning customer base, and the advantage of no direct competition in the area. There is clear scope to further grow the business, particularly by expanding and promoting the sewing machine sales division, which presents a strong opportunity for increased revenue.

PRICE:  We are instructed to quote for the freehold, goodwill, trade fixtures and fittings £130,000

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:  Our client is currently in the process of obtaining an EPC.

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:         6914M

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