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Convenience Off Licence & Accommodation Lowestoft

Lowestoft, Suffolk
Advert ID
7298 / Rightbiz
0161 763 5000
Leasehold Price: £49,950
Annual Turnover: £260,000
    High Street Trading Position

    Projected Annual Turnover £260,000

    Financial Information Available Upon Viewing

    Newly Fitted Throughout 2019

    Genuine Reason For Sale

    Self Contained Accommodation

    Two Bedrooms

    Immaculately Presented

    Fully Equipped

    Priced For A Quick Sale

    Scope To Introduce New Product Lines

    Potential For Delivery Service

    Scope For Online Presence

    Scope To Offer Paypoint/Payzone

    EPC - E

REF 7298 – Leasehold Convenience/Off Licence & Accommodation
Blacks Business Brokers are pleased to bring to the market this newly fitted leasehold convenience store and off licence with accommodation located in Lowestoft, Suffolk.

Kirkley Off Licence was established by our client in this busy area of Lowestoft in 2019. The business offers a range of convenience products including drinks and alcohol. It has already become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent high street trading position. Our client has ensured the business has an excellent reputation.

Kirkley Off Licence occupies a high street trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as The Co-op and KFC. There are also a number of schools and other local amenities nearby, in addition the area is very popular with tourists due to the stunning beach front and pier. The area is well linked by the A12 with very strong public transport links and parking is available in the surrounding area.

The business is ideally suited to a hands-on owner-operator but due to our client’s family commitments, the business is now offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a xxxxx year lease which began in 2019 at a cost of £220 per week – this includes the two bedroom accommodation within the first floor.

The business operates with our client in full time employment supported by two members of staff.

Kirkley Off Licence has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £260,000. Full financial information is available upon request.

Purchasers should enquire with relevant local authorities to confirm the rates payable.

This well fitted, newly established business occupies an enviable trading position in a bustling area of Lowestoft. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and services such as Paypoint, Payzone, National Lottery and so on. There is also potential to create a website and social media presence to create a targeted online marketing drive. A delivery service could also prove popular. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Kirkley Off Licence operates from the ground floor of a spacious mid terraced property on a busy road. The business has large branding and signage on display above a fully glazed frontage used for advertisements. Inside, the shop is beautifully presented with non slip laminate flooring, new chillers, central gondolas creating aisles and the counter has an ePos tilling system in place. CCTV is fitted throughout, the property is alarmed and fitted with electronic shutters to the front. All areas are fully equipped and presented to a very high standard.

The two bedroomed accommodation within the first floor has a separate entrance and again, was newly fitted in 2019. Our client has ensured that all areas are finished well, there are two bedrooms, lounge, kitchen and family bathroom. To the rear of the property is a garage with two private parking spaces.

Listing Details
Location: Lowestoft, Suffolk
Marketed By: Blacks Business Brokers Limited
Sector: Off Licences, Convenience Stores
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Advert Reference: 7298 / Rightbiz

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