Convenience Store for sale

Weston Road, Lowestoft

Offers in Region of £100,000

Property Description

Key features

  • Rare opportunity
  • Profitable business
  • Large retail space and back office
  • Busy area with lots of Footfall

Full description


*OPPORTUNITY - PURCHASE ESTABLISHED BUSINESS*

This is a rare opportunity to get your hands on a well-established, and profitable, family run newsagents. Located in North Lowestoft the business boasts a great location on a modern shopping complex in a residential estate close to a High school.
Lowestoft is the most Easterly town in the UK with a population of 70,000 and is enjoying an economic revival due to the off shore wind industry.Lowestoft is the second largest town in Suffolk, 22 miles from Norwich and very near the Norfolk Broads - ‘Lowestoft the Town of Opportunity’The business is for sale due to the current owners wanting to enjoy a well-earned retirement.
There is currently a turnover of £415,000, with a gross profit of 22%, but there is also ample scope to increase the turnover and profit with a new owner bringing new ideas to the business.The current opening times are Monday - Saturday 7.00 am to 7.00 pmSunday 7.00 am to 4.00 pm. The business runs 14 paper rounds and employers 4 part-time members of staff.The current equipment includes:Newspaper rack, Magazine & comic rack, Central display units, Greetings cards rack, Fresh bread rack, Fresh sandwich rack, Fresh milk chiller, Chiller cabinets, Pick & Mix stand, Weigh out sweets rack, Cigarette cabinet, Ice cream chiller cabinet, Counter, Lottery terminal, Cash terminal, Pet food stand, Coffee dispenser, 2 X Slush dispensers, UPS Access point, CCTV, Air conditioning,The lease terms are flexible, with a current rent of £6,424 per annum and a current maintenance charge of £1,200 per annum.The current ratable value is £7,500 so 100% small business rate relief may be available.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Oulton Broad North (1.4 mi)
  • Lowestoft (1.6 mi)
  • Oulton Broad South (2.1 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • Oulton Broad North (1.4 mi)
  • Lowestoft (1.6 mi)
  • Oulton Broad South (2.1 mi)
Distances are straight line measurements from centre of postcode

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