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BUSINESS REFERENCE : 10118 / RightBiz FREEHOLD CONVENIENCE STORE/OFF LICENCE FOR SALE IN LINCOLNSHIRE | | | | | | Convenience Store/Off Licence Lincolnshire T/O: £520,000 GP: 22% Well established & highly regarded business. Prime trading position. Scope to increase turnover further. Maintained & refurbished to a high standard. Ref: 10118 | | | BUSINESS LOCATION: | Grimsby Lincolnshire UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | FREEHOLD: | £235,000 + SAV | | | | | | | | | | | BUSINESS DETAILS: | Location
Pasture Stores occupies a prominent trading position in the heart of a large residential area, in the centre of Grimsby, North Lincolnshire. Grimsby is currently undergoing redevelopment and there are high levels of investment in the area, which can only benefit this buisiness. These spacious premises have been refurbished by our client and have a wide frontage and benefit from ample parking facilities. The shop is close to a desirable and popular residential area and is surrounded by a variety of complementary businesses, which generate high levels of footfall. Grimsby also boasts good schools and hospitals and is quickly becoming a very popular area due to the levels of new investment. It also has close links to the City of Hull and the Humber Bridge.
Business History
Bag A Business is delighted to offer for sale this thriving newsagent/convenience store, in such a prime trading location, within the heart of a large residential area in Grimsby. The premises are purpose built and have been maintained and refurbished to an exceptionally high standard by our client. The business has built up an enviable reputation and has a loyal customer base, as well as being well placed to capture a high degree of passing trade. Currently the business has an annual turnover of £520,000 with a gross profit margin of 22%. This is a particularly attractive purchase as the premises have the internal configuration to accommodate additional shelving and product display facilities, which would allow a new owner the potential to extend the product range and increase turnover. There remains further scope to increase the sales revenue of the business by the introduction of Lottery and Pay Point facilities. This is a unique opportunity to purchase a thriving, well- established business and as such early discussions with Bag A Business must come highly recommended.
PROPERTY DETAILS
2 storey, lock-up retail premises in a prominent position, briefly comprising:
GROUND FLOOR
Main entrance
Open plan retail sales area
Wide confectionery counter with cigarette gantry behind and further shelving for alcohol products
Commercial grade flooring throughout
Modern suspended ceiling with halogen lighting
Central aisle gondola
Shelving and racking for greetings cards, household goods, soft drinks and groceries
Shelving for newspapers and magazines
Freezers and 2 double drinks chiller cabinets
To the rear of the store is a large new extension that the current owners use as a store room, which is fully secure and alarmed with W/C and kitchen facilities
FIRST FLOOR
Accommodation comprising:
Landing.
3 double bedrooms
Family bathroom with modern suite
EXTERNAL
Prominent signage
Rear yard
Ample free parking
OPENING HOURS
Mon - Sat: 6.00am - 8.30pm
Sun: 6.00am - 4.00pm
FINANCIAL DETAIL
W/T: £10,000 approx
GP: 22%
TENURE
Freehold | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 10118 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
