This business has been in the current vendors hands for just over 3 years and comes to the market in excellent condition. During this time the present owners’ have created an excellent goodwill. Situated in a residential area with a combinations of flats and houses. Only a short walk to Shoreham high street and also the beach. On street free parking is available in front of the business. The vendor offers a large variety of groceries, including fresh and tinned produce, confectionary, alcohol, tobacco, seasonal products and bird feed. They also offer Paypoint, the lottery, DPD & Amazon drop off facilities as well as access to a cash machine.
PREMISES: Splendid Single Fronted Shop with attractive Trade Patio Frontage as can be seen from our illustrated particulars. The business has a wealth of quality trade fixtures and fittings including Modern serve over counter, cigarette gantry, quality price ticket shelving, 2 central display gondolas, extensive wine and spirit shelving, modern LED lighting, electronic till, free standing beer and wine refrigerated display, confectionery display units, 2 open view ice cream refrigerators, food freezer and stationary shelving for greeting cards. We are assured by the vendors that the entire inventory of trade fixtures and fittings are free of any hire purchase, lien or leasing arrangement. Small Rear Store with Separate WC and wash hand basin. To the rear of the premises there is One Designated Car Parking Space.
TURNOVER: The business is run under the personal supervision of the vendor and his family– no staff are employed. We are informed that the business averages £3,500 per week during the hours of 8am to 9pm 7 days a week. Permitted Hours 11pm Mon-Sat and 10.30 pm Sunday. The average turnover doesn’t include lottery takings. Also the vendor has been approved to have a Post Office local installed, this would be an excellent opportunity for the new owner to add to the shop.
TENURE: The entire premises is held on a full repairing and insuring lease at a current rental of £6,500 per annum, exclusive with upward only rent reviews every 4 years. There are 11 years unexpired remaining on the lease.
RATES: We are informed that the rating for the shop is zero at the present time under the governments Small Business Rate Relief Scheme. The current Rateable Value is £5,700. Prospective occupiers should make their own enquiries to verify same.
GENERAL REMARKS: This very well created business is highly recommended. There are many leasehold flats available in the nearby area, also modestly priced housing. Points to Consider: Low overheads allowing for substantial profits to be made. New secure lease. Early Inspections Advised.
PRICE: We are instructed to quote for lease, goodwill, equipment, trade fixtures and fittings. Price £50,000.SAV.
LEGAL FEES: Each party to be responsible for their own legal costs.
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: D
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: 6572G
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.
