Convenience Store with Off Licence in Lincolnshire For Sale

Situated in a parade of 4 shops, residential area, main road trading position, N.E. LINCOLNSHIRE.

Turnover £ 5,000
Price £50,000

Features

Old Established Convenience Store Plus off Licence

FORECOURT WITH PARKING

DOUBLE FRONTED PREMISES in the region of 815 ft² with tiled floor, suspended ceiling with LED PANEL lighting, sales counter, EPOS till, cigarette gantry, modern adjustable shelving, 2 x open cool display unit,, ice cream freezer, glass display freezer, CCTV system (15 cameras).

Stock room.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 25% approx.. Wholesale newsbill £700 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £50 per week approx.
AVRI PARCEL £400 per month approx.

Staff

The business is at present operated by the Husband & Wife team 1 news rounds, delivery charge £5 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 8pm
SUNDAY 8am - 8pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. The accommodation comprises:

3 Bedrooms (2 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Rear garden

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2018 with reviews every 5 years (next review 2028) at a current rent of £14,400 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION (£25,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote