Convenience Store for sale

Martin's Mini Supermarket, 218-222 Chichester Road, Bognor Regis, England, PO21 5BE

£20,000

Property Description

Commercial information

  • Business for sale

Key features

  • Retail sales Y/E 30/11/16: 429,457
  • Gross profit (inc commissions) 138,426
  • Approx. 2,700 sq ft in a shopping parade
  • Lottery, off-licence, home news delivery
  • Two self contained flats let at 13,440pa
  • Company-owned store. Energy Rating C

Full description

Tenure: Leasehold

Description

A highly visible and well situated convenience store occupying a ground floor unit in a small shopping parade. A new ‘hands-on’ owner/operator could improve and streamline the business by introducing new product lines, services and cost-saving measures.

Property to be sold strictly in accordance with T&Cs of Sale – www.christie.com/mccolls

Location

The property is located at the end of a shopping parade on Chichester Road in Bognor Regis. The town is a seaside resort in West Sussex, on the south coast of England.

Internal Details

Inside, there are sales counters with cigarette gantry and Lottery and PayPoint terminals. There are several aisles of shelving displaying convenience and household goods, chillers for foodstuffs, soft drinks and alcohol, upright freezers, magazine display and news box.

There is a storeroom, office, staff kitchen and a toilet.

Fixtures & Fittings

The price includes non-proprietary fixtures, fittings and equipment. Any McColl's Retail Group branding, EPoS, IT equipment, along with connected CCTV equipment, and other items may be excluded from the sale.

Indicative new lease terms

A recent rent review proposed rent at £42,000pa for both ground floor and accommodation. Estimated rent for ground floor only at £30,000pa.

Letting Accommodation

There are two self-contained flats on the upper floors.

External Details

There is car parking immediately to the front of the store.

The Opportunity

A traditional newsagent and convenience store, operated entirely by staff and full-time management. A new ‘hands-on’ owner/operator could improve and streamline the business by introducing new product lines, services and cost-saving measures. Additional rental income of £13,440pa is received from two self-contained flats above.

Staff

The business is run entirely by staff and management. Under NO circumstances should any approach be made to staff.

Trading Information

Year to 30 Nov 2016:
Retail sales £429,457
Gross profit (incl. commissions) £138,426

Year to 30 Nov 2015:
Retail sales £455,087
Gross profit (incl. commissions) £148,680

Year to 30 Nov 2014:
Retail sales £535,524
Gross profit (incl. commissions) £169,145

NB Retail sales exclude service commissions and include VAT.

Trading Hours

Monday to Saturday, 6am-10pm
Sunday, 7am-10pm

Business Rates

The Rateable Value is £31,000. Purchasers should make their own enquiries with the Local Billing Authority, as they may benefit from the "Small Business Rates Relief" scheme.

Regulatory

There is a Premises Licence. The business is currently an appointed National Lottery ticket agent.


More information from this agent

Nearest stations

  • Bognor Regis (0.9 mi)
  • Barnham (3.2 mi)
  • Chichester (4.7 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • Bognor Regis (0.9 mi)
  • Barnham (3.2 mi)
  • Chichester (4.7 mi)
Distances are straight line measurements from centre of postcode

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