Convenience Stores for sale in Lincoln

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Mrs Herbert (Nov 2017)
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Freehold Price: £274,995 Price Reduced Turnover: £354,825 Gross Profit: £75,860
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Business Description
Hilton Smythe welcomes to the market Monks Food City.

The business has been operated by the current vendor for over 4 years which due to family commitments has now become available.

The business sells a wide range of foods from around Europe including produce from Lithuania, Poland and Latvia as well as range of products from the UK.

The business has built up an enviable reputation locally and offers the new owner an excellent opportunity to extend the range of produce and to put their own spin on the business taking it to the next level.

The Business Offers,

• UPS parcel collection service,
• Paypoint,
• Lottery,
• Wide range of beers wines & spirits,
• General convenience,
• Well-stocked fresh meat and sausage counter.

The store has been completely refurbished within the last five years and due to the size of the building offers the opportunity subject to planning to extend the site further and to reconfigure with the potential of creating a residential scheme.

A rare and exciting opportunity in an excellent location not to be missed.

The business is situated on the sought-after Monks Road near the centre of the Cathedral City of Lincoln.

The site is easily accessible by all modes of transport and is on a main bus route into the centre of Lincoln.

There is ample on street parking surrounding the site as well as student accommodation and residential dwellings.

Main Trading Area

• Sales counter
• Separate freezer
• Produce area
• Deep freezers
• Fridge freezers
• Display shelving units,
• Shelving,
• Wall units,
• Ice cream freezer
• Display freezers
• Drinks fridge,
• CCTV system,
• Air conditioning unit,
• Lottery
• Payzone
• Credit/debit card machine.

The Premise Benefits,

• Large cellar
• Rear stock room
• plus, first floor office,
• Additional space to the first floor over the main trading area.

We are advised the business is being sold as a Freehold business opportunity with a guide price of £299,950.

Leasehold opportunity is also available.

The business is currently operating

Monday to Saturday 7.00am to 11.00pm
Sunday 8.00am to 10.00pm

The business is run and managed by the current vendor with the assistance of 3 x part time staff members.

Financial Profile
We are advised the business is currently turning over in the region of £354,825 per annum.

Tenure: Freehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

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