Convenience Store And Newsagent In Lincoln | | Lincoln Lincolnshire | | Convenience Store Lincoln, Lincolnshire T/O: £312,000 GP: 18% Lottery £2,000 p/w News £650 p/w S/c 3-bed flat above S/c 1-bed barn conversion Close to castle | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60040
ADVERT IMPRESSIONS : 8,103 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | FREEHOLD: | £365,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Westgate Stores occupies a prominent corner location at the junction of Burton Road, Westgate and Union Road, in the heart of the historic city of Lincoln. The business lies opposite the famous Lincoln castle, which draws visitors all year round. The store lies on a bus route and there is ample car parking in the vicinity. The city boasts a long and varied history, from Iron Age settlement, through Roman fort to popular medieval town and is hugely popular with tourists. The city is easily accessed by rail or road via the A15, A57 and A46. Lincoln lies approximately 35 miles south-east of Doncaster and 40 miles north-east of Nottingham.
Business History
Preferred Commercial is delighted to offer for sale this popular convenience store and newsagent's, which was established back in 1890 and which has been in our clients' careful hands since 2002. The business is only now being offered to the market due to ill health. The business is run at a pace to suit our clients and generates a turnover in the region of £312,000 per annum with a gross profit of 18% derived from the sale of traditional convenience lines along with newspapers and magazines and Lottery commission. There is scope to increase turnover by perhaps offering newspaper delivery rounds. The premises benefit from a self-contained 3-bedroom flat above and a 1-bedroom barn conversion to the rear, both of which are currently let on short term agreements and either of which could be suitable as owners' accommodation. We feel this represents an ideal opportunity to acquire a well-established and ideally located convenience store with scope for further growth. Early viewing must come highly recommended.
Financial Details
T/O: £312,000 approx.
GP: 18%
Lottery: £2,000 per week
Newssheet: £650 per week
Opening Hours
Mon - Sat: 7.00am - 7.30pm
Sun: 7.00am - 5.00pm
Accommodation Details
Substantial corner premises with large retail area, self-contained 3-bedroom flat above and separate 1-bedroom barn conversion. Briefly comprising:
Ground Floor
• Main sales and display area extending to approximately 900 sq ft, well fitted and equipped racking and shelving to perimeter walls, double door drinks chiller, single door drinks chiller, open dairy chiller, open beer chiller, chest freezer, wine display chiller, ice cream freezer, 2 centre aisle display units, greeting card racks, newspaper and magazine racks, bread display, counter with electronic cash register, 4-camera CCTV system.
• WC with wash basin
• Secure store cupboard
Lower Ground Floor
• Large 2-room cellar with shelving to perimeter walls, office area
First Floor
Self-contained 3-bedroom flat accessed from rear, briefly comprising:
• Lounge
• Kitchen
• Double bedroom with fitted wardrobes
• Double bedroom
• Shower room with WC
• Single bedroom/office
Barn Conversion
Self-contained barn conversion to rear, briefly comprising:
• Galley kitchen
• Bedroom
• First floor lounge area
• First floor shower room with WC
External
• Yard to rear with bin storage
• Access to flat and barn conversion
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2264 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
