Well established Convenience Store in Lancashire For Sale

Detached property, excellent main road trading position, residential, office and commercial area, Lancashire.

Turnover £ 15,000
Price £165,000

Features

Well Established Convenience Store with off Licence

REFITTED 2022

DOUBLE FRONTED PREMISES WITH SHUTTERS, tiled floor, suspended ceiling with LED lighting, sales counter, 2 EPOS till's, cigarette draw, modern adjustable shelving, 3 x open cool display unit, 3 x glass double door freezer, CCTV system (8 cameras, 1 monitor).

2 Stock rooms.
Kitchen
Toilet with w.c. and wash hand basin.

Basement, option to use for storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £15,000 p.w. with a Gross profit of 22% approx.

Staff

The business is at present operated by the vendor with 1 full time staff & 3 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 8am - 10pm

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 2010 with reviews every 3 years (next review 2025) at a current rent of £22,800 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

Business Rates from April 2025 £1,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2010, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £165,000 plus STOCK AT VALUATION (£30,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 82,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote