Business for Sale in England: West Sussex - NEWSAGENTS & POST OFFICE IN WORTHING, WEST SUSSEX - Leasehold: £29,995

Key Information

Ref
T33326T
Type
Retail Businesses: Convenience Stores
Location
England: West Sussex
Tenure
Leasehold
Status
Under Offer
Annual Sales
£235,946 Ex Vat
Post Office Remuneration
£8,007
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Situated in the Worthing area of West Sussex, this store has a prominent corner location at the intersection of two busy main roads in a densely populated residential area and with a large and highly regarded school nearby.

The spacious and well-presented shop is fully equipped for the trade including a post office combi counter in the main retail zone. There are full National Lottery facilities along with E-Top Up services and an external cash machine.

The shop operates as a post office “Local” and sells newspapers & magazines, soft drinks, sweets, snacks & ice creams, cigarettes & tobacco, greetings cards, giftwrap & stationery along with a selection of convenience goods. There is also a thriving home news delivery service in the local area.

The business currently trades under the “Martins” brand but no longer fits the company’s future strategy. As such, it is being offered for sale at a very reasonable price and is likely to attract an individual or couple for whom the business would provide a great opportunity.

With the business entirely staff-run at present, new hands-on working owners could probably identify many areas for improvement and increased profitability. For example, in this busy location, the range of food-to-go products could be increased and an off licence facility could potentially be introduced maybe extending the trading hours at the same time.

We are informed that in the 12 months to December 2016, net retail sales were £235,946 and gross profit was £97,945 including post office earnings, ATM income and commissions. Based on current trading figures, it is calculated that working owners could achieve an annual net profit in the region of £50,000.

Ref: T33326T LEASEHOLD £29,995

Full sales details available at www.emfgroup.com

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