Off license convenience store with two-bedroom flat for sale in Lincoln, Lincolnshire.
Lincoln, Lincolnshire
- Status
FOR SALE
- Advert ID
659085
- Leasehold: £120,000
- or
- Freehold: £575,000
- Rent: £9,000 (£750 per month)
- Turnover: £468,000 (£9,000 per week)
- Profit: Not Applicable
Key Features
- Comprehensive business premises included
Business Details
Off license Convenience Store with 2 bed flat
Thriving Off license & Convenience store located in a bustling and densely populated area, renowned for its high foot traffic and loyal customer base. This well-established business has been successfully operating for several years, boasting a steady turnover and a growing number of repeat patrons. The shop is expertly designed and fully equipped with essential features, including shelving, refrigeration units, and an electronic point of sale (EPOS) system. This means that a new owner can step in and continue trading without delay.
The convenience store generates an impressive weekly turnover of approximately £9,000, supported by a robust gross profit margin of 35% to 40%. Comprehensive financial records are available for serious buyers, providing insight into the store's profitability and operational performance.
Property Details and Potential for Additional Income
This sale includes valuable real estate, consisting of a freehold shop along with a two-bedroom flat and an adjoining four-bedroom house. The two-bedroom flat can be rented out for £950 per month, while the four-bedroom house offers potential additional income at £1,200 per month. For those interested in leasing, the shop is available for £120,000, with the monthly rent set at £750 for the shop and £750 for the flat. If a larger accommodation is needed, the four-bedroom house can be secured at £850 per month.
With its prime location and established clientele, this convenience shop presents a remarkable opportunity for anyone looking to invest in a profitable retail venture. For further information and serious inquiries, please reach out.
Thank you for your interest!
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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