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Convenience/off Licence & Accommodation -lowestoft For Sale

Lowestoft, Suffolk, UK
Asking Price:
£49,950
Turnover:
£260,000
Net Profit:
Available on request

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 Brokers are pleased to bring to the market this newly fitted leasehold convenience store and off licence with accommodation located in Lowestoft, Suffolk.

Introduction

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.

Location

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.

Reason for sale

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.

Lease

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.

Staff

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

Financial details

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.

Business rates

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

Summary

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.

Property Information

Property:

Leasehold

Contact Information

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