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From
£70,000
Other
The Whisky Shop,
Lincoln,
LN1
https://www.greenkeysalesandlets.co.uk/
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Studio x 1 x
From
£70,000
Other
The Whisky Shop,
Lincoln,
LN1

Situated in the bustling Bailgate area of Lincoln is The Whisky Shop which is for sale by private treaty. There is an opportunity to purchase the good will of the business, the LTD company and the current stock.
The Bailgate area of Lincoln is formed by historical buildings including Lincoln Cathedral and The Norman era Lincoln Castle both of which attract many tourists into the area.
The Bailgate also hosts a range of successful shops and businesses as well as residential housing. 
The lease of the property (which includes 2 flats bringing in £1045 PCM) holds a 5 year agreement including an 5 year extension clause at the end of contract.
The turnover for the last year (year ended 31 July 2021 during a pandemic)
* £235,178 Turnover
* £169,871 Cost of sales
* £65,307 Gross profit
We have a full set of accounts held at our office 25 Bailgate, Lincoln, LN1 3AP for an interested party to view.
Asking Price is as follows
£70,000 for the good will of business.
£10,000 for the company Nickate LTD (which has favourable credit agreements with suppliers and no debt)
Stock they are asking for cost there is currently around £60,000 worth of stock available.
The business which could be described as thriving is especially prevalent around the Christmas months especially during the Christmas Market.
Please contact us for more details



Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers.

Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.

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Phone: 01522 904 904
Email:hello@greenkeysalesandlets.co.uk
https://www.greenkeysalesandlets.co.uk/
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