Well Convenience Store and Off Licence in Lowestoft For Sale

Situated in a parade, excellent High Street trading position, residential, office and commercial area, SUFFOLK LOWESTOFT

Turnover £ 5,500
Price £59,500

Features

Well Fitted Convenience Store with off Licence Plus Fruit & Vegetables

NEWLY FITTED 2022

DOUBLE FRONTED PREMISES in the region of 1,070 ft² with ELECTRIC SHUTTERS and Canopy. Wood strip floor, suspended ceiling with LED lights. Sales counter, EPOS till, under-counter cigarette gantry, modern adjustable shelving, fruit & vegetable shelving, 3-3.75m open cool display units, 2.5m freezer. CCTV system (12 cameras, 1 monitor).

First Floor in the region of 310 ft²

Stockroom / Storeroom

Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a gross profit of 30% approx.

Staff

The business is at present operated by 3 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 8 a.m - 8 p.m

Accommodation

SUBJECT TO PLANNING PERMISSION, POTENTIAL FOR SELF CONTAINED ACCOMMODATION over 2 floors with Gas Fired Central Heating, comprising:

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

Outside

Loading area

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £15,000 p.a.

Business Rates from April 2022 £4,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote