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Reference G9175

Convenience Store with Off Licence in Lincolnshire For Sale

Convenience Store with Off Licence in Lincolnshire For Sale
Convenience Store with Off Licence in Lincolnshire For Sale Buy a Convenience Store with Off Licence in Lincolnshire For Sale Sell a Convenience Store with Off Licence in Lincolnshire For Sale Convenience Store with Off Licence in Lincolnshire For Sale for Sale Convenience Store with Off Licence in Lincolnshire For Sale for Sale Convenience Store with Off Licence in Lincolnshire For Sale for Sale Convenience Store with Off Licence in Lincolnshire For Sale for Sale Convenience Store with Off Licence in Lincolnshire For Sale for Sale Convenience Store with Off Licence in Lincolnshire For Sale for Sale

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

Turnover £ 9,000
Price £90,000

Features

Convienence Store with Off Licence

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 averages £8,000 - £10,000 p.w. with a gross profit of 22% approx.

We are advised the vendor has applied for a National Lottery agency.

Staff

The business is at present operated by a husband and wife team

Trading Hours

7 Day week
MONDAY - SATURDAY 7 a.m. - 10 p.m.
SUNDAY 9 a.m. - 9 p.m

Accommodation

We are advised the Landlord has 3 x 1-bedroom flats.

The Landlord lets the flats at £500 per calendar month. Each flat comprises:

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

Outside

Parking to rear.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2025 with reviews every 4 years (next review 2029) at a current rent of £7,200 p.a.

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

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 45,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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