Off Licence And Convenience Store In Ipswich Suffolk For Sale

Business description

Preferred Commercial is delighted to offer for sale this busy off licence and convenience store, which has been in our client's careful hands since 2009 and which is only now being offered to the market due to our client's wish to relocate. The business trades 7 days a week and generates a turnover in the region of £520,000 per annum with a gross profit of 25% and a lottery turnover of £156,000 per annum. Greenwich Stores offers an extensive range of CTN lines, convenience lines, alcohol and the lottery. We feel the turnover could be further increased by extending the range of products available with hot and cold snacks and perhaps newssheet rounds. The business enjoys a loyal customer base from the surrounding area with much repeat trade. The premises are well-equipped to suit the trade and have recently had a £60,000 refit. The property also boasts 6-bedroom owners' accommodation with lounge, kitchen and bathroom, which could be converted into self-contained accommodation and let out to generate additional income. We feel this represents an ideal opportunity to acquire an already busy convenience store with 6-bedroom owners' accommodation and huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

New lease to be negotiated

Location:

Greenwich Stores occupies substantial mid-parade 2-storey premises, ideally located in a densely populated residential area on the outskirts of Ipswich town centre, Suffolk. The premises benefit from ample on-street parking and are surrounded by a variety of complementary shops and businesses. The business enjoys a high footfall and much passing trade. There are numerous bus routes serving the area and the railway station is a mile and a half away. The town centre is 2 miles away and possesses further amenities and attractions. Ipswich is a thriving, historic, waterfront market town surrounded by picturesque countryside and is also a desirable place in which to live and work. The town boasts a vibrant nightlife with a number of bars, cafes and restaurants. Felixstowe lies approximately 12 miles away and Colchester approximately 16 miles.

Premises details:

Substantial mid-parade 2-storey convenience store premises with 6-bedroom owners' accommodation. Briefly comprising:

Ground Floor
• Retail area with 3 x central display aisles, 2 x 3-section open chillers, ATM machine, 2 x glass top display freezers, single section open chiller, magazine rack, greeting card display, counter with sweet display, tobacco gantry, electronic cash register, lottery terminal and CCTV system
• Large store room with 2-door chiller unit
• Staff WC with wash hand basin
• Kitchen/diner

First Floor
• 6 x bedrooms
• Lounge
• Bathroom
• WC with wash hand basin
• Storeroom

External
• Rear yard with garage and parking for up to 4 vehicles
• Storeroom

Business Operation

Trading hours:

Mon - Sat: 7:00am to 9:00pm
Sun: 8:00am to 8:00pm