Sold

Busy Convenience Store and Post Office

Leicester, Leicestershire

£59,950 +SAV

Ref: 13614 G

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Description

Hilton Smythe is delighted to welcome to the market this very busy convenience store and Post Office, which is ideally located in the Thurmaston district of Leicester, Leicestershire. The business has been in our client’s careful ownership since 1985 and is only now, reluctantly, being offered to the market, due to our client’s desire for a well-deserved retirement. The business currently operates 7 days per week and generates a turnover in the region of £205,000 per annum, with a gross profit of approximately 20%, as well as a Post Office salary of £35,000 per annum, as per the 2016 accounts. Our client offers a wide variety of goods including newspapers and magazines, greeting cards, stationery, convenience items, frozen foods, household goods, alcohol, tobacco products, PayZone and Lottery, to name a few, as well as Post Office services. The property boasts 103 sq. metres of floor space, are well maintained and extremely well fitted out to suit the trade. The business has built up an enviable reputation within the area for the very high quality of the food 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 advertise the goods and services offered. The use of social media is an excellent and free way of promoting businesses, such as a page on the very popular websites Facebook or Twitter. This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this busy convenience store and Post Office to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

Tenure

Leasehold

We are advised Leasehold: Original lease length: 15 yearsRemaining lease length: 9 yearsRent: £10,250 per annum

Hours

The business is open 7 days per week.

Staff

The business is owner run and managed with 1 x part time staff member.

Financial Profile

The business generates a turnover in the region of £205,000 per annum, with a gross profit of approximately 20%, as well as a Post Office salary of £35,000 per annum, as per the 2016 accounts.

Location

Roundway Post Office & Stores occupies substantial ground floor corner premises, which is ideally located within the city of Leicester in the East Midlands. The property is situated on the very busy Humberstone Lane, opposite a TSB bank, therefore, benefiting from a high volume of footfall and passing trade, as well as ample off street parking facilities to the front and side of the premises. The area of the property is surrounded by densely populated residential areas, from which the business derives much of its trade. Leicester is a city in the East Midlands. The city lies on the River Soar and is at the edge of the National Forest. According to the 2011 census the population of the City of Leicester was circa 330,000, making it the most populous municipality in the East Midlands region. The city centre offers a huge range of high street names, as well as many specialist shops and the city’s most popular attraction, Leicester Market. The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Syston, which is approximately 2½ miles away. The area also has excellent road connections, with the A563, A607 and A6 all being within easy driving distance, which connect to the national A-road and motorway networks. Leicester city centre is approximately 4½ miles away and Loughborough is 11½ miles away.

Premises

Substantial ground floor premises in a prime trading location, briefly comprising: Main service area with: Newspaper display stand.Magazine display area.Greeting card display.Central display aisles.7 x upright display chiller units.2 x glass top chest freezers.Alcohol display area.Confectionery displays.Crisps and snack display.Perimeter racking and shelving.Secure Post Office counter.Serve over counter with electronic cash register, Lottery terminal, credit/debit card terminal, PayZone facilities and tobacco gantry. Rear of shop: Office.Store room.WC. The property is fully alarmed and has a CCTV system. External: Well signed business.Off street parking to front and side of premises.

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