Convenience Store with Off Licence in Boston For Sale

Situated in a small parade, excellent trading position, residential area, LINCS. BOSTON

Turnover £ 10,000
Price £80,000 / £500,000

Features

Convienence Store with off Licence, National Lottery

NEWLY FITTED 2022

SINGLE FRONTED PREMISES in the region of 330 ft². Lino floor, suspended ceiling with spotlights. Sales counter, EPOS till, 3.75m open cool display unit display glass fronted upright double door, freezer, modern adjustable shelving. CCTV system (8 cameras, 1 monitor).

Small Stock room

Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a gross profit of 22% approx.

Staff

The business is at present operated by the vendor with family support.

Trading Hours

7 Day week
MONDAY - SUNDAY 8 a.m - 11 p.m

Accommodation

The accommodation included in the freehold sale, 3 x 1-bedroom flats each let at £500 per calendar month. Each flat comprises:

1 Bedroom,
Bathroom with bath, shower, w.c.
Living room
Kichen/diner

Outside

Parking space for 3 cars
Large garden with planning potential
Garage

Tenure

The vendor owns the Freehold and subject to satisfactory references is prepared to grant in respect of the shop premies only (excluding the accommodation) a new 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £8,400 p.a. for the first 4 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022 AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR PRICE TO INCLUDE THE FREEHOLD PROPERTY, 3 FLATS, GOODWILL, FIXTURES & FITTINGS £500,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) £ 350,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote