Profitable Established Leicestershire News & Convenience Store For Sale

Business description

SPACIOUS DOUBLE FRONTED SALES SHOP 600 sq. ft. approx. with tiled floor, fluorescent lighting. Fully equipped including 2 counters, 2 electronic cash registers, 4 revolving card display stands (including 2 on loan), 4 double door glass fronted drinks display fridges (2 owned whilst 2 are on loan), modern shelving, ice cream deep freeze (owned) etc.

It will be appreciated upon inspection that there is potential to extend the shop into the spacious lounge at rear, if desired.

2 Stockrooms (1 with shelving)

Property information

Property:

Leasehold

Lease terms:

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 20 years full repairing and insuring lease at a rental of £18,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. (We are advised the vendors are prepared to consider granting a shorter lease, if required).

Uniform Business Rates: Only £650 p.a. approx. (after small business relief)

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The SPACIOUS living accommodation DOUBLE GLAZED with FULL GAS FIRED CENTRAL HEATING and recently refurbished, comprises: First Floor 5 Double Bedrooms (including 1 very large) Shower room with shower, w.c. and wash hand basin Ground Floor Large L

Location:

Situated in a parade, residential and commercial area, just off a High Street, LEICESTERSHIRE

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,200 p.w. Gross profit 22% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand that this provides a commission of approx. £110 p.w. The business also has Paypoint and we understand this provides a commission of approx. £30 p.w.

Reasons for selling:

OPEN TO OFFERS TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 or near offer plus STOCK AT VALUATION (£10,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Thursday inclusive - 5 a.m. - 8 p.m.
Friday - 5 a.m. - 8.30 p.m.
Saturday - 5 a.m. - 8 p.m.
Sunday opening - 5 a.m. - 2 p.m.

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.