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Newsagent In Shoreham By Sea For Sale

Shoreham-by-Sea, West Sussex
Asking Price:
£25,000
Sales Revenue:
£161,200
Cash Flow:
Available on request

The newsagent is located in a densely populated area of Shoreham-by-Sea and is surrounded by other retail shops, nurseries and offices. The Newsagent is only a few minutes away from Shoreham’s mainline railway station and benefits from a high footfall of pedestrians throughout the day. The business has been in the current vendor’s ownership for 6 years and only now comes to the market due to the vendor’s wish to change career. In the surrounding area there are a number of retail and catering premises, making this a thriving parade of shops serving the local community. The newsagents stocks a wide range of items, including stationary, tobacco, newspapers, magazines, confectionery and the lottery.

Property Information

Property:

Leasehold

Lease Terms:

The lease is a full repairing and insuring lease at a current rental of £12,000 per annum, and has 10 years remaining

Leasehold Rent:

£12,000 per annum

Location:

The newsagent is located in a densely populated area of Shoreham-by-Sea and is surrounded by other retail shops, nurseries and offices. The Newsagent is only a few minutes away from Shoreham’s mainline railway station and benefits from a high footfall of pedestrians throughout the day

Premises Details:

: The business occupies a double fronted unit on a busy parade of shops minutes from Shoreham mainline train station. The newsagents benefits from easy access to on street parking and a large pay and display car park only a short walk away. Within the store there is a central shelving gondola which is currently used for groceries and confectionery. There are also two large chiller units which are used for beers, wines and soft drinks. We understand from the vendors that all fixtures and fittings are owned outright and nothing is on hire purchase or lease. To the rear of the premises is a small kitchenette and staff toilet. There is also a large basement which is used as a dry store.

Planning Consent:

A1 retail with off licence

Energy Performance Rating:
F

Business Operation

Reasons for selling:

Other business interests

Trading hours:

Monday – Thursday & Saturday – Sunday 6am-8pm and 6am-11pm on Friday.

Employees:
One part time + 3 paper
Years established:
6 years

Other Information

Support & training:

Yes

Contact Information

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