GREENGROCER BUSY PARADE OF SHOPS COASTAL TOWN, WEST SUSSEX

The greengrocer is located in a densely populated area and benefits from a high footfall of pedestrians. There has been a greengrocer present here for many years and in the current vendors hands for just over 3 months’, it now only comes to the market due to the vendor wishing to focus on his other businesses. The business is highly successful and is very well supported by both the local community and surrounding areas. They have also received exceptional feedback on Google Reviews (5*).

THE PREMISES: The property comes to the market in excellent condition and is equipped to trade. The large retail space has two upright chiller display units which are located on the left-hand side of the unit. Opposite which is the serve over counter. The remaining retail space is fitted with custom shelving to display the wide range of fruit and vegetables that are stocked. Along with tined and dried goods and a range of organic preserves. Towards the very rear of the property is a cold room which has recently been fully serviced. At the very rear of the premise if a toilet and kitchenette and access to the service road behind the building. The property is fitted with CCTV and alarms.

TURNOVER:  The business is currently run under management by one full time and one part time staff member. Current hours of opening Monday- Saturday, 7am-5pm and 10am-4pm on Sunday. The average weekly turnover is £3,500 per week. The vendor also offers weekly deliveries to nearby offices and residents.

GENERAL REMARKS: Secure council lease.  The business is well supported by the local community and nearby towns. Located in a bustling parade of shops. Valuable fixture and fittings. Excellent reputation and trading history. Easy customer parking available.

TENURE: The premises are held on a full repairing and insuring lease at a current rental of £14,250 per annum. The lease has approximately 6 years remaining and the next rent review is in 2025. The lease is fully renewable and has the protection of the 1954 Landlord and Tenant Act.

RATES: The premises receive the benefit of the small business rate relief, therefore rates payable are currently zero. The rateable value for the property is £11,750 per annum. Prospective occupiers should make their own enquiries to verify same.

PRICE: We are instructed to quote for the valuable goodwill, lease, equipment, trade fixtures, fittings and chattels Price reduction £40,000 SAV (stock estimated at £10,000)

LEGAL FEES:  Each party to be responsible for their own legal costs. The purchaser to pay 50% of the landlord’s reasonable legal costs. 

VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090. 

ENERGY PERFORMANCE CERTIFICATE:  The property was rated a band C, the full report is available upon request.

DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.

The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order.  The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.

VAT: All prices and rents are quoted exclusive of VAT.  Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

MORTGAGE  & FINANCIAL PLANNING:  We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status. 

Prop. Ref:               6772G

These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract

APPLICANTS CONFIDENTIALITY AGREEMENT

I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential.  I also undertake that I will:

i)                View businesses registered with Watkins Commercial by appointment only.

ii)               Not contact any owner, staff, suppliers, competitors or customers of any business

                  registered with Watkins Commercial

iii)              Not pass on any information supplied by Watkins Commercial to any third party other than professional advisor et. Bank, solicitor, surveyor accountant, etc.

iv)              Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations

v)               Be liable for any commission which would have been due to Watkins Commercial should I be party to negotiations or actions which seek to preclude, or are contrary to the interest of Watkins Commercial