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Convenience Store With Accommodation Preston For Sale

Preston, Lancashire, UK
Asking Price:
£389,950
Turnover:
£416,000
Net Profit:
Available on request

Sovereign are pleased to bring to the market this high turnover and profitable freehold convenience store with spacious family 3 bed living accommodation, located 6 miles from Preston City centre. This is a rare opportunity to acquire a first-class business which occupies an enviable trading position.
The shop is very well known within the area and is heavily relied upon amongst the local community. The business has a strong base of regular customers in place as well as benefitting from an excellent volume of passing trade throughout the day and night, due to its outstanding trading position. Our client has ensured the business has an excellent reputation, having operated a convenience store in the area since 1960. The business offers a wide range of beers, wines, spirits, cider, confectionary, food (chilled and frozen) and other sundries.

The convenience store occupies a substantial ground floor premises on a busy parade of independent shops. There is also ample unrestricted layby parking to the front of the premises. The business is currently operating as a Londis store and has the usual green Londis signage.
Inside, the fit out has been carefully thought out to ensure that maximum stock can be displayed. The shop is fully fitted with fridges and freezers, display shelving and central gondolas. The counter is fitted with one electronic EPOS tills and a National Lottery terminal. There are large storage rooms, one of which is fitted with kitchenette and toilet, the other with additional shelving and refrigeration equipment. Each area of this business is finished to a high standard and has been carefully considered for optimum use and flexibility.

The spacious first floor living accommodation comprises of a good sized lounge area, fully fitted kitchen with dining area that is currently used as an office, well-appointed bathroom, with two double bedrooms and single bedroom leading onto a roof terrace. The flat is another potential income stream with a rental value of approximately £1,200.00 per calendar month. Externally to the rear of the property there is a delivery service yard, leading to a row of five purpose built garages. One of which comes with the property.

In summary, this well placed business shows impressive takings on a consistent basis and has shown continuous growth throughout the pandemic. There is plenty of scope to develop the business further with the implementation of an ecommerce website with ordering capabilities and expansion of other existing offerings. There is also potential to extend the current opening hours from 6am until 11pm in line with the licence already granted. 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.

Business ID: 2817
Average Weekly Retail Sales £8,000, Lotto £500, Payzone £160
Spacious 3 Bed Family Living Accommodation
Vast Scope To Introduce An Online Sales Platform
Prime Sought After Location
Excellent Footfall
Genuine Retirement Sale

Property Information

Property:

Freehold

Living Accommodation:

The spacious first floor living accommodation comprises of a good sized lounge area, fully fitted kitchen with dining area that is currently used as an office, well-appointed bathroom, with two double bedrooms and single bedroom leading onto a roof terrace. The flat is another potential income stream with a rental value of approximately £1,200.00 per calendar month. Externally to the rear of the property there is a delivery service yard, leading to a row of five purpose built garages. One of which comes with the property.

Business Operation

Years established:
50+ Years

Contact Sovereign Business Transfer Limited

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