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Very Well Established Village Stores

Confidential Sale

West Sussex

Advert ref: 1042SPT

Business Partnership is delighted to have been appointed as sole selling agent in order to seek a purchaser for this very well established business, which was started by our client some 40 years ago, and has only been made available for sale due to a wish to fully retire.

This traditional thriving village stores has been under the same ownership since first opening its doors back in the 1980's and has become a mainstay of the local community, offering newspapers, greetings cards, convenience foods, sweets, a selection of frozen food, tobacco and alcohol and due to the location of the stores there is no direct competition.

The owner works part time in the shop (salaried) as well as around 10 other part time staff who are all on PAYE.

The business suits many differing buyers. An existing trade operator can buy the shop with a ready made, trusted staff. Alternatively an owner / operator can buy, work in the shop and substantially improve profitability.

We strongly urge any seriously interested buyer to view this business at the very earliest opportunity.

Key features:

  • Established over 40 Years
  • Idyllic West Sussex Village Stores
  • Popular Location
  • Licence to sell Alcohol
  • Good Level of Turnover & Profit
  • Potential to Grow
  • Ideal Family Business

Property Details: Leasehold
Asking Price: £95,000 + SAV (Leasehold)
Turnover: £526,000 Annual
Size in Sq Ft: 1915
Lease Terms:

Our client owns the freehold of the property and is happy to grant a new 5-10 year lease for any new owner coming in, initial rental to be £15,000 per annum.

Reason For Selling:
Retirement

Employees: 10 (mainly Part Time)
Trading hours:
Open 7AM-6PM Monday to Saturday, 8AM-2PM on Sundays

Support & training:
Our client will provide a comprehensive business handover in order to ensure a smooth transition of ownership and continuity of trading.


Rates:
It is our understanding that the business falls within the small business rate relief threshold so at present none are payable.

Costs:
Each party will be responsible for their own costs associated with the transaction, and will be subject to Business Partnership terms and conditions.

Very Well Established Village Stores  West Sussex

Financial Details

  • Leasehold: £95,000 + SAV
  • Turnover: £526,000 Annual
  • Net profit: undisclosed
  • Fixtures value: undisclosed
  • Stock value: undisclosed
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