A blog about lovely Waterlooville, a small, environmentally damaged town in Hampshire, UK. Waterlooville was founded after the Battle of Waterloo in 1815, as troops from that conflict returned home and passed through Hampshire. Having grown from a small village to a suburban sprawl, Waterlooville faces serious environmental challenges today and in the future.
Showing posts with label rents. Show all posts
Showing posts with label rents. Show all posts
Thursday, April 25
Tuesday, May 4
A Visit to Havant
I was in Havant recently and noticed a small shop in the Meridian Centre which appeared to be closing down, 'Jon's Bits and Bobs'. Inside he seemed to be selling wool (for knitting) and other similar stuff.
But what was more interesting was the big photocopied letter from Havant Borough Council listing the months of council tax 'Jon' owed, placed prominently on the shop window!
What most people are unaware of is that commercial Council Tax rates are huge. Jon was apparently expected to pay £980 a month, yes that is per month, for an averagely sized small shop. Plus he probably had to pay a similar amount for rent per month as well. I'm estimating some £11,000 per year for Council Tax and a similar amount for rent. So even before thinking about making a profit, a small shop owner needs to have enough people coming in, combined with products with a suitable margin, that will firstly clear some £20,000 per year, plus generate a significant amount above this to pay other bills and provide an income (oh and then there are the other taxes as well!).
So it isn't at all surprising that most shops sell mass produced junk with a guaranteed margin, to produce a significant income to pay the bills. The old shops that could in the past get away with a small number of customers per week, just can not survive and if you add the fact that they have to compete with bigger stores with more political clout, it isn't surprising that that many small shops struggle.
Labels:
council tax,
local shop,
rents,
shopping
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