Location

Bains General Store is ideally located in a small parade of complementary shops and businesses in the heart of a popular residential area on the southern outskirts of Lowestoft, in Suffolk. There is a forecourt to the front of the store and ample on-street parking in the vicinity. The area boasts easy access, with numerous bus stops close by and the A12, A1145 and A1117 lies than half a mile away. Lowestoft town centre is approximately 3 miles to the north. The town lies at the most easterly point of the United Kingdom and is a popular port and tourist resort, boasting Blue Flag beaches. Norwich lies approximately 23 miles northwest, while Great Yarmouth lies 12 miles to the north.

Business History

Preferred Commercial is pleased to offer for sale this popular convenience store, which was established in 1977 and which has been in our client’s careful hands since 1991. The business is only now being placed on the market due to our client’s other business interests. The store operates 7 days a week and generates a turnover in the region of £260,000 per annum with a gross profit of 28%, derived from offering general convenience lines, newspapers and magazines with seven home delivery rounds, the sale of alcohol and lotto. There is scope for a new owner to increase turnover by offering hot snacks and coffee and perhaps offering grocery deliveries to the surrounding areas. The premises are deceptively spacious with a retail sales area extending to approximately 1,500 square feet. We are advised that there is a 2 bedroom self-contained flat above, which is available by separate negotiation. We feel this is an ideal opportunity to acquire a well-established and thriving off licence and convenience store with scope for future growth. Early viewing, arranged with Preferred Commercial, must come highly recommended.

Financial Details

T/O:                 £260,000 approx.

GP:                  28%

Opening Hours

Mon – Sat:       6.30am – 8.00pm

Sun:                 7.00am – 8.00pm

Accommodation

Ground floor lock-up retail premises situated in a small parade of complementary shops and business. Briefly comprising:

Ground Floor

• Main sales and display area fitted to suit trade and extending to approximately 1,500 square foot, racking and shelving to perimeter walls, centre aisle display shelving, open-chiller units, display freezer, newspaper and magazine racks, greeting card racks, ice cream freezer, alcohol display shelving, confectionery display, retail counter with electronic cash register and cigarette gantry behind.

• Stockroom with racking and shelving to suit

• Kitchen

• WC with wash basin

First Floor

Self-contained 2-bedroom flat available by separate negotiation

External

• Owner’s parking to rear

• 2 x garages

• Forecourt to front

Tenure

Leasehold

New lease to be negotiated

To view this business please contact Rod Burney at Preferred Commercial or a member of the sales team on Tel:08448 711484 and quote Ref:3273 at an asking price of £60,000 Leasehold.