Busy High Street Mobile Phone, Gadgets, Vape & Electronics Repair Shop Lewes, East Sussex

This is an excellent opportunity to acquire a well-established electronics,  gadgets & Vape retail and repair business occupying a prominent trading position in the heart of the historic town of Lewes, situated directly on the busy High Street. Lewes is a vibrant and affluent market town with excellent transport links, including a mainline railway station providing regular services to Brighton and London. The town also benefits from convenient access to major motorway networks and nearby seaside towns. In addition to a strong local customer base, Lewes attracts a significant number of tourists throughout the year who visit the town to explore its many historic attractions. The business offers a wide selection of electronics for sale, including mobile phones, tablets, laptops and games consoles. In addition, the vendor provides a range of popular repair services such as cracked screen replacements and battery changes. The shop also generates additional income through the sale of vape products and a selection of luggage. Furthermore, the business includes all of the necessary equipment and stock required to provide a key cutting service, offering further scope for additional revenue. The business has been trading successfully for the past two years and during this time has built an excellent reputation locally, supported by strong online reviews, including a 4.5★ rating on Google and a 5★ rating on Facebook. The business is now being offered to the market due only to the vendor’s desire to focus on other business interests. This represents an ideal opportunity for an owner-operator or investor looking to acquire a well-positioned retail business with multiple income streams in a thriving town centre location.

THE PREMISES: The High Street premises have recently been completely refurbished and are presented to the market in excellent condition throughout. The main retail area is spacious and well laid out, with racking and display shelving fitted along the walls for the display of mobile phone and tablet accessories. The shopfront window features a secure glass display cabinet showcasing higher value electronics, including games consoles, laptops and mobile phones. The main sales counter is positioned towards the rear of the premises. Beyond the counter is a large room currently utilised as a repair laboratory, together with additional storage space for luggage and mobile phone accessories. To the rear of the premises there is a kitchenette area and access to an outdoor toilet. In addition, there are two glass display cabinets and four glass counters which remain boxed and can be included within the fixtures and fittings. The property also benefits from a basement (not full height), which is currently used for storage and houses all of the equipment and stock required to offer a key cutting service. The premises are fitted with a CCTV system, and we are informed that the building is Grade II listed. Early viewing is highly recommended to fully appreciate the excellent condition of the premises and the superb High Street trading position in the heart of Lewes. This represents an ideal opportunity to acquire a well-positioned retail business with multiple income streams in a highly desirable and affluent market town.

TURNOVER: The business is currently run by the vendor and the current opening hours are Monday-Saturday 9am-5:30pm and Sunday 10am-4pm.. We are informed that the average weekly turnover amounts to £2,500-£3,000.

TENURE: The premises are held on a full repairing and insuring lease, which has approximately 5 years unexpired at a current rent of £16,500 per annum. We understand that the lease is protected under the 1954 Landlord & Tenant Act.

RATES: The current rates payable amount to zero and the rateable value for the property is £13,250 per annum.  Prospective purchaser 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 £40,000 SAV (Stock estimated at £45,000)

GENERAL REMARKS: The business specialises in mobile phone and electronic sales and repairs, in addition to offering a range of luggage products. Situated in a busy high street location, the premises benefits from strong footfall and excellent visibility. The space is versatile and would lend itself to a variety of alternative retail uses, making it an attractive opportunity for a new owner.

VIEWING:  On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090. 

ENERGY PERFORMANCE CERTIFICATE: EPC rating 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:         6932M

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.