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THIS BUSINESS IS NOW UNDER OFFER

Freehold Convenience Store & Off Licence In Cornwall For Sale

Liskeard, Cornwall
Freehold Price:
£299,950
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Status
UNDER OFFER
Advert ID
224896
Reference
2230 / Rightbiz

Details

Freehold Convenience Store & Off-License Located In Liskeard Cornwall For Sale 
With Excellent 3 Bedroom Owners Accommodation & Mature Gardens
Ref 2230

Location
Addington Stores is located in the desirable market Town of Liskeard Cornwall on the southern edge of Bodmin Moor and 20 minutes from the city of Plymouth. It is positioned within a highly visible and prominent main road location therefore benefits from plenty of passing trade. The surrounding area has plenty of residential properties along with a substantial comprehensive school and sixth form college. Liskeard has good road access to the coastal towns of Looe and Polperro as well as easy access to the A38 link road that services the whole of Cornwall. The main London to Penzance railway network makes Liskeard particularly accessible to both tourists and business people. 

Asking Price £299,950 plus SAV

Business Description 
Veritas Business Sales are delighted to offer for sale this delightful convenience store which is located in the popular Cornish market town of Liskeard. The business has been established for over 70 years and has been in the careful hands of our clients since 2003. Reluctantly the business is now being offered for sale so that they can enjoy a well deserved retirement.                                                                                                                                                               Since ownership they have continually refurbished and invested in new fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Addington Stores is owner operated and employs the help of 1 full time and 2 part time members of staff and has an annual turnover of £402,003 with a gross profit of £80,567 (20%) plus services commissions of £10,958. The retail area is approximately 90 sq m and stocks a fine range of fresh bakery products, dairy produce, locally sourced meat products, ready meals, general groceries, tinned products, frozen foods, newspapers, confectionery, magazines, tobacco lines, greeting cards, beers, wines and spirits. Other services include the National Lottery, Pay Point and Collect Plus Parcel services where they handle  in excess of 100 parcels per week.                                                                                                                                                                                        We believe that there is further potential to increase trade should you wish by expanding upon the current opening times, stock levels and offering a newspaper delivery service. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many new visiting tourists. This is a superb opportunity to purchase an established lifestyle business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening hours
Mon, Tue, Thurs & Friday – 7.30am – 6.00pm 
Wednesday – 7.30am – 7.30pm
Saturday – 8.00am – 7.30pm
Sunday – 8.30am – midday

Business information
Turnover: £402,003 pa
Gross Profit: £80,567 (20%)
Adjusted Net Profit £39,493
Stock: £20,000
Business Rates: Zero

Ground Floor
Retail area (10.9m x 8.4m) with complete professional shop fit though out, tiled flooring, 6 metre sales counter, 2 turbo fan ovens (Blue Seal), oven stand, ice cream fridge, wall units, 2 electronic cash register, coffee machine (Nescafe), glass warming cabinet (Bakbar), tobacco kiosk, upright drinks chiller unit, large double door display chiller unit, large single door display chiller unit, large upright drinks fridge, various shelves, CCTV cameras and monitor.      
Store room 1 (2.7m x 4.8m) with large chest freezer, safe, sink with drainer
Store room 2 (4.3m x 1.6m) with various shelves and access to the garden
Store room 3 (2.5m x 2.5m) with various shelves and upright fridge 
W/C with hand wash basin

The business and owners accommodation benefit from a Redcare alarm system

Owners Accommodation

Access available from both the front or the rear of the property

Ground floor 
Lounge (5.6m x 5.7m) with dual aspect UPVC double glazed windows and feature fire place (Multi-fuel)
Kitchen (3.8m x 2.30m) with fully fitted wall and base units, built-in double electric oven and grill , inset 4 ring gas hob, integrated slimline dishwasher, integrated fridge and freezer and washing machine
Dining Room (5.1 x 2.7m)
Office  (1.4m x 3.2m) with alternative front entrance
Entrance hall (1.8m x 3.5m) with window and door leading to the garden

First Floor
Bedroom 1 (3.5 x 3.3m) 
Bedroom 2 (3.9m x 3.0m) with dressing room and en-suite
Bedroom 3 (3.9m x 3.6m) with en-suite shower room
Family bathroom (2.5m x 2.0m) with bath, mixer shower attachment, w/c and wash basin

External
Rear parking for (2)
Mature garden with 2 areas of decking and 2 garden sheds
 

Seller Details
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Listing Details
Freehold Price: £299,950
Tenure: Freehold
Sector: Convenience Stores, Off Licences, Commercial Properties
Financials
Annual Turnover: £402,003
Annual Net Profit: Available upon request
Key Features
  • Fully Fitted
  • Price Reduced
  • Accounts Available
  • Retirement Sale
  • With Accommodation
  • Prime Location
  • Central Position in Affluent Village
  • Established Business
  • Attractive Business
Location Statistics
What's nearbyi:
Kernow Credit Union (approx. 0 mile)
Barclays (approx. 0 mile)
Albert Wills & Sons (approx. 0 mile)
Thompsons Opticians (approx. 0 mile)
David Burt & Partners (approx. 0 mile)
Treat Yourself (approx. 0 mile)
Best Kebab (approx. 0 mile)
Everest Tandoori Restaurant (approx. 0 mile)
Royal Mail Enquiry Office (approx. 0 mile)
M & Co (approx. 0.1 mile)
Listing Statistics
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