Londis Convenience Store And Post Office - Lancaster For Sale in Lancaster- Business 4 Sale .co.uk

Business Summary

LOCATION
This well-established business is situated in Lancaster. The business is positioned off the main A6 road, giving an excellent catchment area, and has a prominent position with easy customer parking to the front forecourt and in the adjacent roads. The business is ideally positioned, being close to the M6 motorway, within easy reach of The Lake District and all its attractions, and even closer to the natural beauty of the Morecambe Bay area and Yorkshire Dales.

THE PROPERTY
This is a substantial property in a populous residential area with a prominent position in the village. Our clients have extended the shop premises and refurbished the property to a high standard throughout. Briefly comprising a single-storey Londis shop with spacious, well-fitted sales areas and rear storage and good forecourt frontage with customer parking.

BUSINESS PREMISES
The ground floor business premises are presented to an exceptionally high standard throughout having been completely refurbished c3yrs ago, including 8 camera CCTV system and full security alarm. The premises have a large forecourt area to the front with the addition of ample on street parking. Modern well-fitted shop area approx. 950sq.ft. having tiled flooring and suspended ceiling with inset lighting. Spacious sales area with an excellent range of wall and walk-round fixtures and with good signage and lighting. Integral Sub Post Office Counter with single serving point, weighing scales and card machine and rear door to a small safe room. Door at rear of the shop to:

STORE ROOM / OFFICE
Approx 166sq.ft. Shelves as fitted. Office area with Broadband connection. CCTV Monitor and HD recorder. EPOS system. Door to:

KITCHEN
Approx. 40sq.ft. having s/s sink unit and worktop.

STORE ROOM TWO (FORMER GARAGE)
Approx 135sq.ft. Stone floor light and power. Door to WC.

BUSINESS
This well-established and well-equipped business has been in our clients hands for approximately 6years and has shown a consistent and increasing history of profitable trading. It is a modern well fitted operation, having undergone a programme of refurbishment and expansion, located in a good trading area within a busy residential location. The present owners have certainly enhanced the operation and the Net turnover has almost doubled since they purchased the business in 2005. They have continued the delivery of newspapers to the local residents and surrounding area with the business having seven morning paper rounds with a weekly news bill of c£1600 at cost. The vendor offers a paypoint service, and a paystation service can be accessed through the single Sub Post Office counter. The Post Office counter offers a variety of services and the salary is currently c£14,000pa. This is an excellent opportunity to purchase a thriving store in a desirable residential location.

TRADE
Net sales for the last financial year to the 31st August 2010 were £620,988 with a Gross Profit of £151,565. Accounts will be made available to seriously interested parties following a formal viewing. Sub Post Office Salary c£14,000 per annum.

REASON FOR SALE
Our clients wish to relocate.

HOURS
The Convenience Store is open 6am to 10pm every day. The Post Office Counter is open 9am to 5pm Monday to Friday, and Saturday 9am to 12.30pm.

STAFF
Our vendor works part time in the business with the assistance of 1 full time, and 7 part time members of staff, plus 10 newspaper delivery staff, on a casual basis, hours as required.

TENURE
Advised Freehold.

SERVICES
We understand from the vendor that all main services are connected to the property.
BUSINESS RATES
Business rates payable are £732pa.

COMMENTS
A rare opportunity in a desirable residential / trading location. Early viewing is highly recommended to appreciate this exceptional opportunity.

LEGAL FEES
Vendors and Buyers each to meet their own legal costs.

LOCAL AUTHORITY
Lancaster City Council.

APPOINTMENT TO VIEW

UNDER NO CIRCUMSTANCES SHOULD YOU APPROACH THE BUSINESS DIRECTLY

We will be pleased to make arrangements for you to view the property and business. All viewings must be by appointment, which we will arrange, following a brief discussion as to the potential buyers' financial position and their ability to proceed.

You are advised to check the availability of this business before travelling any distance to view.

ALL NEGOTIATIONS MUST BE THROUGH THIS OFFICE

FINANCE
Finance for this business is available through Adams and Co (Finance). Please call this office for more details. Please remember that all loans are subject to status and survey.

THE PROPERTY MISDESCRIPTIONS ACT 1991
The information contained herein relating to property matters was checked by Adams and Co, and was accurate at the time these particulars were originally produced. The particulars have been approved by the vendor, who has undertaken to advise us of any material changes which may occur. Such amendments have been incorporated as and where appropriate. However, since it is possible that further changes have occurred, of which we are unaware, we would recommend that prospective buyers take appropriate precautions to check anything, which is critical to their interest in this property.

Every effort has been made to ensure that the information, which does not relate to the property, (and is therefore not covered by the Property Misdescriptions Act 1991) is accurate. The vendor, who has approved the information detailed, has provided the data. However, as all businesses are constantly changing, the information contained in the sales particulars may not be as up to date as we might wish. Prospective purchasers are therefore advised to check the current trading situation at the time of inspection or, if necessary we can arrange for potential buyers to speak to the vendors by telephone, prior to making a commitment to view the business.

Adams and Co have not tested any apparatus, equipment, fixtures and fittings, or services and so cannot verify they are in working order or fit for the purpose. Buyers are advised to obtain verification from their Solicitor or Surveyor. Purchasers must satisfy themselves as to their actual condition prior to purchase.

References to the Tenure of a Property are based on information supplied to Adams and Co by the vendor. Adams and Co has not had sight of the title documents. Buyers are advised to obtain verification from their solicitor.

All measurements are approximate and intended for general guidance only and should therefore be considered to be 'nominal'.

Property Information

	Property:	Freehold

	Living Accommodation:	No

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

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