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Finance And Services:

Sold. Convenience Retail Shop In A Prime Resort Town, High Street Location With 3brm Flat Above

LISTING DETAILS
Firms For Sale ID:
34947
Vendor reference:
AA010
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
Undisclosed  
Turnover / revenue:
£261,950
Net profit / cashflow:
£55,535
Years established:
3
Trading hours:
Monday Saturday : 09:00 18:00 Sunday: 11:00 16.00 during school holidays
Number of employees:
2
Employees / staffing:
The vendors are ably supported by two reliable part time staff members who are equally responsible for, retailing, merchandising, cashier, packing and filing.

OTHER DETAILS
Reason for selling:
Genuine retirement sale.
Support and training:
The vendors would be happy to stay and hand over and are happy to provide training for an agreed handover period.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are leasehold with a 5 year renewable lease. The square footage is circa 1,200 sq. ft and includes a shop floor, stock room, office area; there is a 3brm flat above. This generates an income of 7,776 net of expenses. The annual rent & rates is circa 16,000.
Living accommodation:
there is a 3brm flat above.
 
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BUSINESS DESCRIPTION
Convenience Retail Shop in a prime Resort Town, High Street Location
With 3Brm Flat above
Ref. AA010
Location : West Sussex
Asking Price : Offer Invited
Extremely well established convenience shop, owned by the present Husband & Wife team since 2015. The business is in a prime high street location, being one of the main thouroughfares into this busy and popular West Sussex seaside Town and well positioned among other premium retailers with established clientelle. The close proximity to many South Coast resorts and other dense residential areas provides an excellent and willing customer base.
Well known in the locale for the wide selection of products, from common daily household essentials to health & welfare items. The real power and energy of the shop comes from the attentive and courteous service provided by the staff and the high levels of customer service and satisfaction they generate.
Not surprisingly, the shop enjoys a good level of patronage, the store enjoys a high perecentage of repeat custom.
Above the shop is a spacious 3 bedroomed flat currently renting at 725pm.
This opportunity is an ideal business for anyone looking to engage with the Health Food & Supplements sector or for someone already in the sector looking for a strongly performing, additional outlet to bolt on to their existing business activities.

Expansion Potential
The business has grown organically and with further marketing for both the shop and the creation of a website could build on the existing excellent customer base.
In addition to this a new owner could open the shop for longer hours or bring new ideas for new product ranges to the customer base.

Market / Competition / Non-Competition Agreements
The business has free listings in local publications and their online versions.