This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Convenience Store for sale

Lincoln, Lincolnshire, East Midlands, LN2


Property Description

Key features

  • Ref:13862 F
  • Leasehold

Full description

The business has been operated by the current occupier for just over 12 months and has been part of his business expansion plans. His plan is to move back to Lithuania and start a wholesale business from there.

The business sells Lithuanian produce which includes tinned and packet foods a huge range of spices and delicacy’s as well as hosting a new meat counter to the rear of the store selling a range of traditional meats and sausages.

There is an addition to the rear of the store where the current operator has added a bread and pastry section with sweets and Lithuanian delicacy’s also available.

The store is extremely well stocked providing a large range of beers wines and spirits. The business has a strong and loyal following within the community which is continually growing. The store could also benefit from stocking a range of produce from the UK to service the local residents and student community.

Located in Lincoln on the very busy and popular Monks Road. The business is located on the main transport routes into and out of Lincoln town centre.

The premises are situated facing Monks Road in a busy and popular residential area next to the Lincoln college as well as the post office and Monks Road sports and social club.

Ground floor shop which has been extended through to the premises next door to provide a larger service area.

Very well stocked and immaculately presented having been completely refurbished in the last 12 months.
Sales counter, display shelving units, wall units, shelving, display freezers and drinks fridge, Cold meat display counter and meat slicing machine, bread storage and display units.
Shutters to the front and CCTV system, electric scales credit/debit card machine.
Office and store room to the rear of the premises with further freezer storage, WC and hand wash basin, computer and security monitoring.
Space to the front of the store for refuse collection with steps and handrail.

We are advised the business is being sold as a Leasehold opportunity.

Current rent passing at £17,000 per annum.

The business is currently operating seven days a week Monday to Sunday 9am to 10pm.

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

Financial Profile
We are advised the business is currently turning over in the region of £6,700 per week with a gross profit in the region of 25%.

The current rates payable are £4,000 per annum.

Map & Street View

Disclaimer - Property reference 13862F. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.