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Convenience store for Sale (+accomadation) Lincolnshire Turnover £26k week Retirement sa

Lincoln, Lincolnshire
Freehold Price:
£550,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
156502

Details

PRICE £550,000 FREEHOLD NO OFFERS



LOCATION: LINCOLNSHIRE-approx 20 miles from Lincoln

A retirement sale. I have owned and expanded the store since 1988 and sales have risen steadily over the years. Current sales are gross £26,000 per week to include-

Shop sales: 20,000 Lottery: 4,000 Payzone: 2,000. G.P FOR YEAR ENDING JAN 2015- £218K

On top we also receive commission from cash machine of £3000 annually and we also operate MyHermes parcel delivery which currently gives £6,500 annually.

Shop is 1200 sq ft + garage as stock room. All fixtures and fittings are modern to include but not limited to 2 x 3.75 chillers for beer and dairy, 4 m run of freezers, latest epos and brand new CCTV installed 2 months ago. Ancillary stock room behind garage. Staff WC. This is a high footfall store and any prospective purchaser will be pleased to hear that there is room for expansion behind the existing store.

Accommodation includes lounge, dining room kitchen, and 4 bedrooms directly behind shop, one main bathroom with shower & bath etc & also another shower room. All tastefully decorated within last 8 months.

Accounts available for last 5+ years - including the year just finished.

*******IMPORTANT-PLEASE READ***

Any prospective viewing will only be accepted once you have proven you have adequate funds to purchase this business. This can be done by way of bank statement.

Assuming you need a loan the value of the minimum deposit will be circa £55k. This is assuming a loan to value ratio of 10% which is now available through lenders. You will also need minimum £20,000 for stock.

We have a good relationship with our bank and they would be willing to assist anyone wishing to obtain funding.
Listing Details
Freehold Price: £550,000
Tenure: Freehold
Sector: Convenience Stores, Off Licences
Financials
Annual Turnover: £1,300,000
Key Features
  • Attractive Business
  • Established Business
  • Planning Consent Available
  • Prime Location
  • Fully Fitted
  • High Turnover
  • Close to Local Amenities
  • Price Reduced
  • Accounts Available
  • Retirement Sale
  • With Accommodation
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