For Sale

Independent Book Shop

Hastings, East Sussex

£8,000 +SAV

Ref: B04717

Contact sales negotiator

Sarah Moores

01204556309

Email Sarah Moores

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Description

Hilton Smythe welcomes to the market Book Buster.

The business has been trading for 5 years, our client is now looking to sell this business to enable them to relocate and pursue other business opportunities.

Book Buster is an independent bookshop that provides all genres including fiction, non-fiction, biographies and religion.

The current owner has put a lot of effort into the business and although the shelves offer many new titles, the shop has an extensive and eclectic range of books that appeal to all ages and interests.

They currently boast a 5 star rating on their Facebook page.

Scope to Improve:

• Advertising and marketing campaign
• Perhaps a loyalty scheme
• Maximise the use of social media
• Add a coffee area

Hilton Smythe highly advise early viewing as this business is likely to attract considerable interest.

Tenure

Leasehold

We are advised that Book Buster is being offered as Leasehold business with a rolling one years Lease and rent of £10,000 per annum which is very reasonable given the size of the premises.

We are advised that there are no business rates currently payable.

Hours

Monday – 9.30 am – 4.00 pm
Tuesday - Saturday 9.30 am – 5.30 pm
Sundays - ad hoc

Staff

The business is run and managed by the current owner.

Financial Profile

Book Buster generates an advised current turnover of circa £34,000 per annum with an advised gross profit £15,000

Assets - £3,000
SAV - £20,000

Location

Book Buster is located along a parade of shops on Queens Road in Hastings.

Hastings is a town and borough in East Sussex on the south coast of England, 24 miles East of the county town of Lewes and 53 miles South East of London. It has an estimated population of 90,254.

Hastings gives its name to the Battle of Hastings, which took place 8 miles to the North at Senlac Hill in 1066.

The town later became one of the medieval Cinque Ports, and a popular seaside resort in the 19th century with the coming of the railway.

Book Buster is ideally and prominently situated amongst a parade of shops with other complementary businesses such as a greengrocer, barbers and a high street bank.

Due to Book Busters excellent location of being approximately 5 minute walk from the beach, the business benefits from high levels of footfall and passing trade.

Hastings train station is 0.4 miles walking distance away which provides a Southern and Southeastern service where you can get into London within 1½ hours, however with the new proposed high speed train service which is expected to be a reality by 2024 will reduce this time to approximately 1 hour.

Premises

Book buster is located on the ground floor of a four storey mid-terraced property

The shop used to be a Blockbusters and the owner has cleverly restored the original shopfront to say ‘Book buster’

Full length windows and glazed doors to front creating a light airy and inviting interior.

As you enter the premises you are greeted with an array of book shelves housing all the books on offer, to the rear of the shop is the counter which houses the till system, behind here is a storage area with a kitchenette.

The shop will be sold with all the racking for the books, counter and the till system.

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