Convenience Store with Off Licence in Lincolnshire 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