Extremely High Footfall Superb Leicester City Centre Newsagent For Sale

Business description

THE BUSINESS

• Business established since 1950s
• Run by the present vendor for one year

REASON FOR SALE

• Genuine sale due to the vendor’s sudden deterioration of health.

PRODUCTS

• Counter news and magazines
• Greeting cards
• Good selection of stationary
• Soft drinks and off licence
• Snacks and sweets
• Tobacco products
• Essential convenience goods
• Fresh sandwiches and milk
• Lottery, pay zone and Western Union
• Ice cream

FINANCIAL INFORMATION

• Turnover: £9,500 to £10,000 per week
• Gross Profit: 18%
• Circa £275 per week commission from lottery and payzone
• Western Union: TBA

STRENGTHS

• Excellent city centre location
• Extremely high footfall
• On commuter walk to many offices and shops
• Growing turnover
• No immediate investment required beyond consideration price
• Brilliant husband and wife business






DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property information

Property:

Leasehold

Lease terms:

• Leasehold
• Original lease: 20 years
• Remaining lease: 13 years
• Review every: 5 years
• Rent: £30,000pa
• Rates: £9,000pa

Location:

• Prime main road location in the city centre
• Extremely high footfall
• On commuter walk to many offices and shops

Premises details:

• Prominently situated newsagents fitted out to high standards
• Double fronted doorway entrance
• Fresh, clean & modern ambience
• Shuttered and alarmed
• 4 camera CCTV
• 2 x 1 metre chiller cabinets
• Ice cream conservator
• Air conditioned
• Rear counter and cigarette display unit
• Downstairs w/c at rear
• First and second floor storage

Business Operation

Expansion potential:

• Additional opening on Sunday
• Development possibilities on top floor
• Variation of product range with introduction of further lines

Trading hours:

• Mon-Sat: 7am to 6:30pm
• Sunday Closed

Employees:

• Husband and wife full time

Other information

Related documents:

• 
• Sales Particulars

• 
• EPC