Hilton Smythe is delighted to welcome to the market this well established and busy convenience store business, which is in an ideal trading location within Wigston, Leicestershire.
The business was originally established in 1960 and has been in our client's careful ownership since 2002. Only now is the business being offered to the market, due to our client's desire for a well-deserved retirement. The business currently operates 6½ days per week and generates a turnover in the region of £244,400 per annum.
Our client offers a variety of goods and services, including newspapers and magazines, convenience items, confectionery, dairy produce, soft drinks, ice creams, greeting cards, alcoholic beverages and tobacco products, to name a few, as well as the Lottery, Health Lottery, Pay Point and Pay Zone. Our client offers a newspaper delivery service with 10 rounds.
The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the goods and services offered.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: 20 years
Remaining lease length: 14 years
Rent: £9,000 per annum
HOURSThe business is open:
Monday - Saturday: 6.00am - 12.00pm and 3.00pm - 6.00pm
Sunday: 6.00am - 11.30am
STAFFThe business is family run.
FINANCIAL PROFILEThe business currently operates 6½ days per week and generates a turnover in the region of £244,400 per annum.
J Master & Son occupies substantial ground floor premises, ideally located within the town of Wigston, Leicestershire. The business is surrounded by densely populated residential areas, from which the business derives much of its trade. The convenience store/newsagent is situated on Carlton Drive and benefits from a high volume of footfall and passing trade, as well as off-street and on-street parking facilities. There are also three schools within the locality, which generate trade.
Wigston is a town in Leicestershire, just south of Leicester. According to the 2011 census, the town had a residential population of 32,321. There are numerous primary schools within the town and Wigston Academy is the secondary school. There are several famous high street stores, as well as many independent stores.
The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is South Wigston, which is approximately 2 miles away. The area is also well served by the A-roads, with the A6 being within easy driving distance, which links to the national A-road and motorway networks. Leicester is approximately 3½ miles away and Market Harborough is 13½ miles away.
Substantial ground floor premises in a prime trading location, briefly comprising:
Main shop with:
2 x central display aisles.
Perimeter racking and shelving.
Double door upright drinks chiller unit.
Single door upright drinks chiller unit.
Open section chiller unit.
Ice cream freezer.
Newspaper and magazine display racking.
Serve over counter with electronic cash register, Lottery terminal, Pay Point and Health Lottery terminal.
Back room with:
Counter tops for delivery sorting.
Access to WC.
Access to rear fire escape and additional storage area.
Covered lean-to, used for additional storage.
Front forecourt parking area.