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8700LE LEICESTER F\H£450000 CONVENIENCE STORE, OFF LICENCE & NEWSAGENTS

Asking Price: GBP 450000

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Business Location:	United Kingdom » Leicester » LEICESTER

Category:	Retail » Convenience Stores

Description:

THE BUSINESS
Advent Business Sales is pleased to offer for
sale this extremely well established and
popular newsagent/off licence, which has
been trading successfully since 1980.
Established by the vendors, reluctantly the
business is offered for sale due to imminent
plans to retire.
Our client has achieved an excellent
reputation culminating in loyal regular
customers.
The business, which offers a range of services
and products for sale including:
• Newsagent (counter sales only)
• Off licence
• Cigarettes
• Grocery
• Convenience
• Ice cream
• Household
• General supplies
• Payzone
Our client has introduced successfully a good
range of Continental foods and groceries
especially for their Polish customers and this
has been very popular.
The premises have benefited from a full refit
only a couple of years ago.
Our client has the facility to accept debit
and credit card payments.
The business is staffed by the vendors, a
husband and wife team.
TRADING HOURS
Mon – Sun: 7.00am – 10.00pm
EXPANSION POTENTIAL
There is scope for significant expansion,
which could include extending the range of
Continental foods and groceries.
Alternatively, any new owners would
benefit greatly by joining a buying group like
Nisa, Costcutter, Londis and start doing
offers n beers, especially to increase trade
further.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Weekly sales: £9500
Gross Profit: 25%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
The property is a ground floor self contained
lock up unit, with efficient sales and storage
areas.
The shop has the added benefit of full roller
shutters as well as red care alarm system and
CCTV and briefly consists of:
Ground Floor
Corner premises with central doorway
leading into main sales area
Counter to the front with cigarette
gantry
Good selection of fridges, freezers and
wall to wall shelving and racks
Rear doorway leading to the large
storage area
W/c
Kitchen area
Rear exit into small yard
External
Paved to shop front
Street parking
TENURE: Leasehold
Terms to be negotiated
Original lease: TBC
Remaining lease: TBC
Review every: TBC
Rent: £15,000 - £18,000
We are advised that the annual business
rates are currently: £800

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Financial Information:

Annual gross sales: (GBP)	N/A

Yearly Revenue: (GBP) Total yearly sales revenue	N/A

Net Profit: (GBP) Total profit before taxes	N/A

General Information:

Business Area:

Year Established:	1980

Is Relocatable?:	No

Business closed or an asset sale :	No

Is Home based business?:	No

Real estate status:	Yes

No of trading hours:	Mon – Sun: 7.00am – 10.00pm

Reasons for selling:	reluctantly the business is offered for sale due to imminent plans to retire.

Market competition and expansion:	There is scope for significant expansion, which could include extending the range of Continental foods and groceries. Alternatively, any new owners would benefit greatly by joining a buying group like Nisa, Costcutter, Londis and start doing offers n beers, especially to increase trade further.

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