For Sale

Well Established Newsagents & Convenience Store

Leicester, Leicestershire

£29,995 +SAV

Ref: B04538

Contact sales negotiator

Matthew Monks

01204556319

Email Matthew Monks

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Description

Hilton Smythe welcomes to the market J&D News.

The business has been operated by the current vendors for over 4 years and is well established within Earl Shilton, having traded as a newsagent for over 35 years.

Due to health reasons this rare and exciting opportunity has now become available.

The business has a long established and growing customer base with 15 newspaper rounds currently servicing the local community, the business also sells a range of general convenience including

• Tobacco
• Confectionary
• Cold drinks
• Ice cream
• A wide range of gift cards
• Food
• Cleaning products
• Phone accessories

The business could easily be expanded by tweaking the convenience offering further, as well as obtaining a licence to sell alcohol and extend the opening hours to enable the store to trade to its full potential maximising profitability

The site is also in arguably one of the best locations in the town with busy passing trade travelling along the high street as well as being on one of the main arterial routes to the new housing developments, which are continually expanding and increasing the potential for this golden business opportunity.

Tenure

Leasehold

We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £7,500 per annum with 17 years remaining on the current lease

Hours

The opening hours are currently 5.00 am to 4.00 pm Monday to Friday, 5.00 am to 2.00 pm Saturday and 5.00 am to 11.00 pm on Sunday.

Staff

The business is run and managed by the current vendors plus newspaper delivery personnel.

Financial Profile

We are advised the business is currently turning over in the region of £265,000 per annum trading limited hours.

The rateable value of the premises is £10,250

There are currently no rates payable on the business

Location

Situated at the main junction on Station Road just off the Hollow in the centre of Earl Shilton.

The site is just a short stroll from Earl Shilton Library and is easily accessible by all modes of transport with free parking to the front of the development.

Premises

Ground floor Newsagent and Convenience store located amongst a row of thriving businesses with parking to the front.

Front entrance through to main service counter, all shelving and display units, fridges, and deep freeze units, cold drinks fridges, storage binnacles and racking. Rear access with WC’s and store room.

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