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Well Established Post Office & Convenience Store

Gainsborough, Lincolnshire
Freehold Price:
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Advert ID
B04248 / Rightbiz


PJ's Convenience Store has been run by the same vendors for over 6 years becoming a hot spot for local trade servicing the surrounding community and beyond.

The post office section receives a commission for services rendered and has remained very busy throughout the current vendors stewardship.

The business is laid out in a traditional corner shop format with fridges and display counters situated around the perimeter of the site.

The shop stocks food and provisions to include all the local household staples and much more including:

•Newspapers and magazines
•Large range of frozen foods
•Extensive wine and alcohol serving
•Ice cream

The business offers the opportunity for a new operator to extend and diverse the food and provisions offering further, creating a more active web and online footprint as well as introducing local deliveries for the large residential population surrounding the site.

The shop also benefits from first floor accommodation currently let out on as AST generating an additional income stream.

This rare and exciting opportunity would be ideal for either an individual looking for an investment opportunity with multiple income streams looking to extend their current portfolio or an owner operator searching for a business which can provide a good income with the added benefit of accommodation. The vendor also owns the property next door which subject to separate negotiation could also be made available. A golden opportunity.

PJ's Convenience Store is situated along Ropery Road in Gainsborough, just off Morton Terrace and a short walk away from Marshall Yard in The Gainsborough Retail Park.

The site has the benefit of on street parking to the front of the building as well as to the side and in amongst the residential dwellings. The premises are easily accessible on foot and by public transport.

Ground Floor:

•Traditional corner shop with separate storage and WC
•Main service and post office counter to the front of the site
•All refrigeration units and internal shelving and display counters set out in a traditional format
•Wall shelving and display units
•Stand-alone chilled drinks fridges
•Frozen food storage and display units
•Magazine racks paper display stands and confectionery racking

Brand new security system has recently been installed along with a brand-new fridge freezer.

First Floor:

•A double bedroom
•Kitchen with galley and breakfast bar
•Bathroom with shower
•Spacious lounge area.

The first-floor accommodation has the benefit of separate service and metres to the shop.

We are advised the business is being offered on a Freehold basis with a guide price of £385,000.

The opening hours are currently 5.30am to 10.00pm seven days a week.

The business is run and managed by the current vendors with the assistance of 3 x part time staff.

Financial Profile
We are advised the business is currently turning over in the region of £411,809 per annum.

The rateable value of the premises is £2,750.

There are currently no rates payable on the business.

Seller Details
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Listing Details
Freehold Price: £374,995
Tenure: Freehold
Sector: Convenience Stores
Annual Turnover: £411,809
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