Watkins Commercial Business Details Title

Advert Ref: 6057S

Sussex Stationers Cards & Post Office For Sale


Photograph of this business for sale
Asking price:
£195,000
Turnover:
£104,000
Net profit:
£92,000
Location:
Brighton & Hove, East Sussex, United Kingdom
Years established:
Established 40 years
Employees:
4 staff are employed plus vendor and his wife

This business is situated in a bustling parade entirely surrounded by densely populated neighbourhoods in the better part of this vibrant Sussex coastal city. This concern has been in the same family for approximately 40 years and has never come to the market place until the present owners decided to retire.

SPECIAL NOTE: We are informed that the Government have announced a new 10 year agreement with the Royal Mail to prevent further Post Office closures, further information can be obtained from the general Secretary of the National Federation of Subpostmasters.

Property:
Leasehold
Lease terms:
The entire premises will be held on a new 16 years full repairing and insuring lease with upward only rent reviews at a commencing rental of £12,500 per annum ,exclusive fixed for the first 4 years with 4 yearly rent reviews thereafter.
Location:
Bustling parade entirly surrounded be densely populated neighbourhoods vibrant Sussex coastal city.
Reasons for selling:
Retirement
Trading hours:
Hours of Opening: Monday to Friday – 8.30am to 5.30pm. Saturday 8.30am to 12.30pm. Closed all day Sunday. Strict 5 ½ day week. 4 staff are employed plus the vendor and his wife. Wages amount to £17,200 per annum.
Fixtures value:
Undisclosed
Stock value:
Undisclosed

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