Sold

Thriving Convenience Store/Newsagent in Oadby, Leicestershire For Sale

Leicester, Leicestershire

£60,000 +SAV

Ref: 2373 G

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Description

Hilton Smythe is delighted to welcome to the market this well-established and popular newsagent and convenience store in the affluent town of Oadby, Leicestershire. The business was established in the 1980s and has been in our client`s careful ownership since 2012. Only now is the business being offered to the market due to our client`s other business interests. The business operates 7 days per week and generates a turnover in the region of £476,000 per annum, with a gross profit of approximately 21%. Severn Road Stores is currently Mace branded and generates the turnover from the sale of a wide variety of convenience lines, newspapers, magazines, greeting cards, tobacco products and alcoholic beverages, as well as offering the National Lottery and scratch cards. The business has built up an excellent reputation within the area for the high quality of the goods and service offered, which has resulted in a very loyal client base with a vast amount of repeat trade and word of mouth referrals. The business currently offers newspaper delivery to approximately 100 customers, which could be increased by embarking on a modest marketing campaign to highlight the business and services offered. A new owner could also increase the opening hours of the business. We feel this is an excellent opportunity for a new owner to take this already thriving business to the next level: therefore early viewing must come highly recommended to avoid disappointment.

Tenure

Leasehold

We are advised there is a guaranteed 15 year lease renewal.

Hours

The business is open: Monday – Saturday: 6.00am – 8.00pmSunday: 7.00am – 6.00pm

Staff

The business is owner run and managed with 9 x part time staff members.

Financial Profile

The business generates a turnover in the region of £476,000 per annum, with a gross profit of approximately 21%.

Location

Severn Road Stores occupies substantial ground floor, double fronted premises, ideally located in the town of Oadby in Leicestershire. The business is located in between a chemist and a Co-op, therefore benefitting from a vast amount of footfall and passing trade. The business further benefits from ample on-street parking to the front of the property. The business is within ½ mile radius of three schools. Oadby is a town within the borough of Oadby and Wigston in Leicestershire. The town has traditionally had a reputation for being one of the most upmarket and affluent parts of Leicestershire. The area of the business is well-served by the public transport system, with bus stops within easy walking distance of the property. The area is also well-served by the A-roads, with the A6 being within close proximity to the property, which links to the vast A-road and motorway networks. Leicester city centre is approximately 5½ miles away and Market Harborough is 11½ miles away.

Premises

Ground floor, double fronted, lock-up premises, briefly comprising: Main sales and display area with: Multiple central display stands.Perimeter racking and shelving.Newspaper/magazine display area.Greeting card display units.Greeting card carousel stands.2 x two section open chiller units.1 x three section open chiller unit.Two door upright display freezer.Three tier ice cream freezer.Main serve over counter with 2 x EPOS registers (rented), confectionery display, Lottery terminal, scratch card display, tobacco gantry to rear and CCTV system with 8 x cameras. Rear office/storage area with back office system for cash registers.Staff WC.Staff kitchenette area.Rear service door. External: Well signed with Mace branding.Security shutters.Audible alarm.Street parking to front.Rear car park for shop owners with three allocated parking spaces.Delivery access door.

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