Spratt and Son Commercial are delighted to bring to the market an excellent and unique opportunity to purchase an extremely well-established local Newsagent situated in the popular village of Ferring, West Sussex.
The business, which has been established for over 60 years, trades from a well-presented and fully fitted shop with serving counter, island and wall display shelving and drinks/food fridges. To the rear there is a secondary retailing area, staff WC and tea station.
This is an excellent turnkey opportunity and viewing is strongly recommended.
Ferring is a thriving village with a large residential element, situated approximately 5 miles west of the seaside town of Worthing in West Sussex.
The premises form part of a well-established parade situated in the centre of South Ferring, serving the densely populated and affluent local residential area. There is ample free parking available nearby and the location benefits from good transport links to the surrounding areas.
The accommodation with approximate sizes comprises:
Maximum overall width 14’8
Maximum overall depth 24’9
Approximate area 361 sq ft
Secondary Retail Area
Maximum overall width 13’8
Maximum overall depth 14’10
Approximate area 166 sq ft
Tea Station Unmeasured
The business operates as CTN based card & stationary business retailing newspapers, magazines, tobacco, confectionary, greetings cards, stationery, fresh bread and cakes and a selection of general convenience store items. In addition, there is also a profitable Home News Delivery business comprising of 7 local newspaper rounds.
The business has been successfully trading for over 60 years and has been operated by the existing husband and wife team for the last ten years without the need for additional staff.
The current trading hours are 6am – 4:30pm Mondays, Tuesdays, Thursdays and Fridays, 6am – 1pm on Wednesdays and Saturdays and 7am – 12noon on Sundays.
The profitable business shows a consistent and healthy turnover with scope for immediate further increase in extended opening hours. Full accounting information is available to serious applicants upon request.
This is a genuine retirement sale and the current owners have advised that they would be prepared to offer training and an extensive handover process to potential purchasers if required.
The premises are currently held under the terms of a 10 year lease from November 2013 at a rent of £5,000 per annum. We are advised that the lease is contracted within the security provisions of the Landlord & Tenant Act 1954 and full lease details are available to serious applicants upon request.
Offers in Excess of £50,000 are invited for the business, goodwill and trade fixtures and fittings (full inventory to be agreed). Stock at valuation.
The in-coming tenant is to be responsible for the Landlord’s legal fees and the seller’s abortive costs unless otherwise negotiated.
The Rateable Value for the property is £6,400. 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.
As the business is still trading, all viewings are strictly by prior appointment with Spratt & Son and no direct approaches are to be made.
Should you wish to view, please contact Spratt & Son to make an appointment.
ENERGY PERFORMANCE CERTIFICATE:
Copies of the EPC and accompanying Recommendation Report are available upon request.