Hilton Smythe welcomes to the market the long-established Aziz Caribbean Store which is based in Oakwood, Leeds.
The business sells not only Caribbean products but products serving multi-cultural tastes such as Asian, European and English including halal meat, fish, tobacco, groceries, fresh and frozen produce, fruit and vegetables, confectionery, crisps, snacks, phone cards and other sundry items.
The store also offers a Payzone, Lycramobile and Western Union facilities.
The business has been established since 1970. Our client has owned the store since 2016 and because of family reasons is now looking to sell to focus on other interests.
The business could easily be expanded by the inclusion of other retail lines, in particular alcohol, and expanding the size of the retail area.
This is a long-established business marketed at a reduced and reasonable price for an early sale.
TENUREWe are advised that the premises are held under a Lease of which 9 years remains as of 2017.
Rent of £600 per month.
HOURSThe business is open 9am to 9pm every day.
STAFFThe owner runs the business without assistance.
FINANCIAL PROFILEWe are advised that the current turnover is approximately £100,000 per annum with a gross profit of circa 30%.
The business is exempt from the payment of business rates.
The business carries about £10,000/15,000 stock.
The ground floor Convenience Store is situated on a busy corner in the multi-cultural residential area of Oakwood in Leeds.
The business is situated in a densely populated area.
There is free street parking front and side.
The business is run from the ground floor of a large corner property.
The entrance leads to a large, busy and well stocked shop with the sales counter to the back left and good quality fittings and units throughout.
The rear of the shop was formerly a butcher's department but is now only used for the storage of frozen goods. This area could easily be used to expand the retail area of the shop.
There is a stock area and WC at the back of the shop.
There is a large basement which is used for storage.
The premises are shuttered and have the benefit of CCTV.
There is free on street parking available.
The sale includes a till, sales counter, 4 cold drinks fridges, 3 freezers, deli unit, cooler room, display units and shelving.
We are advised that the business assets are worth in the region of £10,000.