Profitable Leicester CTN Convenience Store & Off Licence For Sale

Business description

SINGLE FRONTED SALES SHOP in the region of 300/350 sq. ft. sales area, woodstrip floor, suspended ceiling with concealed lighting. Air conditioning/heating unit. Modern adjustable shelving, counter, electronic cash register, greeting card display, hot drinks machine, Walls 3-tier ice cream deep freeze (owned), 1-4ft open cool display chiller, 1-8ft open cool display chiller unit etc.

Staff cloakroom with w.c. and wash hand basin

First floor stockroom

Second floor additional room (not used at present)

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of £30,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £9,000 p.a. approx.

EPC Rating: C (61)

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, excellent trading positiion, LEICESTER

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £600 p.w. Gross profit 19% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approximately £200 p.w. The business also has Payzone and we understand this provides a further income of between £50/60 p.w. In addition there is Western Union Money Transfer and we understand this provides a further revenue of between £40/£50 p.w. We are further advised that the trading and profit and loss accounts for the period 23rd August, 2009 to the 31st August, 2010 showed sales of £461,697 with a gross profit of £80,104 i.e. 17.35% plus commission of £14,882 providing a total gross profit of £94,986.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £59,995 plus STOCK AT VALUATION (£12,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 7 a.m. - 6.30 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is potential for additional opening hours, if desired.

Employees:

The business is at present operated by a husband and wife team with the assistance of family help when required.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance