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Convenience store for sale in Hastings East Sussex, known for its good presentation and local customers

Hastings, East Sussex
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Convenience Store for sale in Hastings East Sussex Photo 1
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Convenience Store for sale in Hastings East SussexConvenience Store for sale in Hastings East SussexConvenience Store for sale in Hastings East SussexConvenience Store for sale in Hastings East SussexConvenience Store for sale in Hastings East SussexConvenience Store for sale in Hastings East SussexConvenience Store for sale in Hastings East SussexConvenience Store for sale in Hastings East SussexConvenience Store for sale in Hastings East SussexConvenience Store for sale in Hastings East SussexConvenience Store for sale in Hastings East SussexConvenience Store for sale in Hastings East SussexConvenience Store for sale in Hastings East SussexConvenience Store for sale in Hastings East SussexConvenience Store for sale in Hastings East Sussex
  • Status

    FOR SALE

  • Advert ID

    647645

  • Leasehold: £80,000 (Stock at valuation)
  • Rent: £20,000 (£1,667 per month)
  • Turnover: £260,000 (£5,000 per week)
  • Profit: On request

Key Features

  • Ideal for small business
  • Well-presented premises
  • Independent business model
  • Independent convenience store

Business Details

Convenience Store for sale in Hastings East Sussex

This well-presented convenience store in Hastings, East Sussex, is now available for sale, offering an ideal investment opportunity for aspiring entrepreneurs or those looking to expand their portfolio. With a spacious 2,500 square feet retail area, the shop features a modern aesthetic, boasting a tiled floor and LED ceiling that create an inviting shopping atmosphere. The premises is equipped with an automatic door and internal shutter, ensuring security and ease of access for customers.

The store includes three open chillers, one three-door chiller, one three-door freezer, and two chest freezers, providing ample space to stock a diverse range of products. Its extensive inventory features groceries, snacks, beverages, and household items catering to the everyday needs of the local community. The strategically chosen location, situated in a bustling area with high foot traffic, ensures a steady stream of customers, contributing to its established reputation and customer loyalty.

The shop's well-organised layout, featuring clearly marked sections for ease of navigation, further enhances the shopping experience. The current owners have noted a positive trend, with an increase in turnover over the past year, underscoring the store's potential for continued growth and expansion. With one part-time employee in place, the convenience store operates efficiently while providing opportunities for further development through strategic marketing initiatives.

Key Features and Benefits

The leasehold for the business is priced at £80,000, with a current turnover of £260,000. The annual rent stands at £20,000, offering an attractive return on investment. Some of the notable features of this convenience store include:

  • An independent business model with a strong local customer base.
  • Effective internal security measures and inventory management systems.
  • On-site kitchen and toilet facilities for staff and customer convenience.
  • A range of services, including lottery and parcel services, which enhance customer retention.
  • Low maintenance requirements, ensuring ease of management.
  • A modern point-of-sale system and multiple storage areas to optimise operations.
  • Spacious aisles and organised shelving displays for seamless shopping navigation.
  • Opportunities for alternative use of the premises, allowing for flexibility in business offerings.

The current owner has decided to sell the business as they look to wind up operations and return home permanently. This opportunity presents a unique chance to take over a well-established convenience store with a strong foundation and numerous avenues for growth. Open daily, the store enjoys consistent patronage and is poised for future success.

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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.

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