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Suffolk - Convenience Store For Sale

Brandon, Suffolk, UK
Asking Price:
£94,950 Furniture / Fixtures included
Sales Revenue:
£288,823
Cash Flow:
£7,768

Accounts To Year End 28 February 2018
Annual Turnover £288,823
Gross Profit £119,241
Immaculately Presented/Refurbished in 2016
Additional Income From UPS & PayPoint
No Immediate Competition
Currently Run Under Management
EPC - C

REF 5651 – Leasehold Convenience Store

Blacks Brokers are proud to bring to the market this leasehold convenience store located in the much sought after area of Lakenheath, Suffolk.

INTRODUCTION

Londis, Lakenheath has been trading on Earls Field in Brandon since 2016 when the business was newly set up and building refurbished. During that short time, it has firmly established itself within the local community and gained a large and loyal customer base. The area has no competition and the shop was an instant success upon opening. The business currently has ties with companies including Smiths News and RDM tills.

LOCATION

Brandon is a small town in the county of Suffolk. Brandon is located in the Breckland area on the border of Suffolk with the adjoining county of Norfolk.
Earls Field is a busy area of Lakenheath in Brandon, it is close to many residential areas, a small selection of other businesses, schools, nurseries and a large residential estate. The area brings a solid, local customer base in addition to much passing trade. There has also been planning permission approved for 350 houses directly opposite from the shop front.

REASON FOR SALE

The business is only being offered for sale due to our clients other business commitments.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 10 years and began in 2016 at a cost of £384 per week.

BUILDING LAYOUT AND DESIGN

The business is housed within a single storey retail unit located on a small and smartly presented parade of shops. The business is well branded with superb signage on display along with glazed frontage and ramp access entrance. Inside, the shop is very well presented after a full refit in 2016. Stock is well presented on wall shelving, central gondolas and display fridges and freezers and the shop has wooden flooring throughout.
The counter and tilling area is positioned at the front of the shop with cigarette gantry behind.
To the rear of the unit is a private office area, stock room, staff toilet and security cage.
Parking is available to the front and back of the shops, with shared back yard and delivery area to the rear.

STAFF

One full time and three part time members of staff.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates an annual turnover of £288,823 with strong gross profits. All customers are from the local area as one would expect.

SUMMARY

This leasehold business offers a new owner a superb opportunity to acquire a newly-established, well presented convenience store business with large customer base and reputation already in place. There is plenty of scope for the business to develop further with a new housing estate in progress close by, the business is also licence to sell alcohol and tobacco and a marketing drive may be of use. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised and are welcomed by appointment only.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Fri - 6am - 8pm
Sat - 8am - 7pm
Sun - 9am - 5pm

Contact Information

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