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Convenience Store In Worthing For Sale

Worthing, West Sussex
Asking Price:
£19,950
Sales Revenue:
Available on request
Cash Flow:
Available on request

DESCRIPTION:
An excellent opportunity to purchase a family run off licence and general store located in a good trading position in Tarring Road to the west of Worthing Town Centre.

The business trades from a well-presented and fully fitted shop with suspended ceilings, island and wall display shelving and drinks/food fridges. To the rear there are two store rooms, staff WC and a small yard space.

This is an excellent turnkey opportunity and viewing is strongly recommended.

LOCATION:
The mid-terrace property forms part of a well-established tertiary parade situated in a prominent position on a busy vehicular thoroughfare close to West Worthing railway station.

The immediate area is largely residential with nearby commercial occupiers including Co-Op Local and a number of independent retailers, office users and fast food outlets.


ACCOMMODATION:

Main Shopfront
Maximum overall width 13’6
Maximum overall depth 30’10
Approximate area 416 sq ft

Store Room 101 sq ft
Store Room 75 sq ft
WC


BUSINESS:
The business operates as an off licence and general convenience store with the added benefits of small newspaper round, National Lottery sales and Western Union paypoint.

The current husband and wife owners have run the business since September 2014 with opening hours of 9am – 7.30pm Monday to Saturday.

The business shows a healthy turnover with scope for immediate further increase in extended opening hours.

Full accounting information is available to serious applicants upon request.


TERMS:

Lease:
The premises are currently held under the terms of a 15 year lease from September 2014 at a rent of £7,392 per annum. Full lease details are available to serious applicants upon request.

Premium:
£19,950 for the business, goodwill and fixtures and fittings (full inventory to be agreed). Stock at valuation.

Legal Fees:
The in-coming tenant is to be responsible for the Landlord’s legal fees and the seller’s abortive costs unless otherwise negotiated.


RATES:
The Rateable Value for the property is £6,500. An ingoing occupier may be subject to Small Business Rate Relief and there would be no rates payable. All parties are advised to make their own enquiries with the local authority as to the rates they may incur.


VIEWING:
Strictly by appointment with Spratt & Son:


ENERGY PERFORMANCE CERTIFICATE:
The Energy Performance Asset Rating for the property is C.

Copies of the EPC and accompanying Recommendation Report are available upon request.

Property information

Property:

Leasehold

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    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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