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Convenience Store in Lincolnshire For Sale

Convenience Store in Lincolnshire For Sale
Convenience Store in Lincolnshire For Sale Buy a Convenience Store in Lincolnshire For Sale Sell a Convenience Store in Lincolnshire For Sale Convenience Store in Lincolnshire For Sale for Sale Convenience Store in Lincolnshire For Sale for Sale Convenience Store in Lincolnshire For Sale for Sale Convenience Store in Lincolnshire For Sale for Sale Convenience Store in Lincolnshire For Sale for Sale

Register to see map and to make an appointment Residential area adjacent to a University & close to College, NORTH EAST LINCOLNSHIRE

Turnover 8,500
Price 149,000

Features

Fully Equipped Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence

SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 1,400 sq. ft. sales area, tiled floor, suspended ceiling with concealed lighting. We understand the shop was refitted in approximately 2015. Modern adjustable shelving, display gondolas, 1 double door upright display deep freezer, 5m open cool display unit (used for soft drinks, dairy produce), 1-3.75m open cool display unit (used for wines & beers), 2 electronic cash registers with EPOS scanning system, checkout counter etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 8,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 200 p.w. We are advised the gross profit is in the region of 35%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 55 p.w. The business also has Payzone.

Staff

The business is at present operated by a husband & wife team with the assistance of 5 part time staff.

Trading Hours

7 a.m. - 11 p.m. seven days per week

Accommodation

The SELF CONTAINED accommodation is at present let on a shorthold tenancy & provides a rental income of 600 per month, however we understand that vancant possession can be given on completion, if required. The accommodation DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Outside

Garden.
In addition there is parking for 7 cars

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired at a rental of 12,000 p.a. exclusive of rates for the next 3 years with rent to be agreed thereafter.

Uniform Business Rates: Nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 149,000 plus STOCK AT VALUATION (30,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 74,500 (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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