Freehold Londis Supermarket For Sale

Business description

Advent Business Sales are delighted to offer for sale this extremely well established traditional convenience store, which has been trading for almost a century.

The current vendor has been in ownership for over 12 years. The owner has now decided to sell due to retirement expectations.

The going concern is run on the lines of a traditional convenience store. It is well stocked with comprehensive ranges including:
Beers, wines and spirits
Cigarettes and tobacco
Chilled, frozen and convenience foods
Confectionery and sweets
Fruit and vegetables
Stationery and greetings cards
Toiletries and household items

The owner has shown us plans drawn up by Londis head office with regards to projected sales after a £46,000 Londis refurbishment programme. Sales are projected to grow to £15,000.

The vendor is willing to pay for the refurbishment if a new owner purchases the leasehold at a goodwill of £99,950 with an annual rental of £12,000 with a 5 year lease.

Property information

Property:

Freehold

Lease terms:

TENURE: Freehold/Leasehold available on following terms:
Original lease: 5 years
Remaining lease: 5 years
Review every: 5 years
Rent: £12,000 P.A.

We are advised that the annual business rates are currently: £560

Living accommodation:

An end of terraced property briefly comprising of: Ground Floor - Retail sales area – approximately 700 sq ft - Staff room and stock room to rear First Floor - 2 bedrooms - lounge – can be used as a bedroom - Kitchen - Lounge - Bathroom/wc facilities External - Double garage with off road parking

Location:

Our client is located on a busy main road prominent corner position within a market town within Lincolnshire.

It lies approximately 16 miles from Mablethorpe and 23 miles from Skegness.

There are two customer car parking spaces to the front.

Other information

Trading hours:

Mon-Sun: 7.30am – 9.00pm

Financing available:

Please let us know if you require finance for the purchase of a business.

Related documents:

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