Confectioners for sale in Lutterworth

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Mr & Mrs Campbell (Jan 2015)
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Leasehold Price: £43,700 Sale Agreed Turnover: £51,300 Gross Profit: £30,780
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and very popular sweet shop business in Lutterworth, Leicestershire. The business was established in 2009 and is only now being offered to the market due to our client`s wish to take semi-retirement. The business is open 6 days per week and generates a turnover in the region of £51,300 per annum, with a reported gross profit of approximately 60%.

The turnover is generated from the sale of a wide range of loose sweets, Belgian chocolates, handmade fudge and ice cream. Our client also caters for corporate events, wedding favours and parties, including party bags. The premises have been fitted to a high standard and are well-maintained throughout. The shop has wall-to-wall cabinets filled with a huge range of jars of sweets, traditional ice cream and gifts.

There is scope to increase the turnover by extending the opening hours and perhaps open Sundays, as the current owner only open on Sundays close to Christmas time. The business would also benefit from the launch of a website to promote the business and the goods/services offered. A new owner could also introduce online ordering facilities to increase sales. This is an excellent opportunity for a new owner to take this already busy and thriving business to the next level; therefore, early viewing must come highly recommended.

LOCATION
The Sugar Mouse Sweet Shop occupies ground floor premises in the heart of the town of Lutterworth, Leicestershire. The property is situated within a parade of complimentary shops and businesses close to the local amenities and attractions. The business benefits from a large amount of footfall and passing trade. There are car parks within close proximity to the business. Lutterworth is a market town in the Harborough district of Leicestershire. As of the 2001 census, the town had a residential population of 8,293.

The area is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is approximately 7 miles away in Rugby. The area is also well served by the A-roads, with the A426 just a short drive away, which links to the vast A-road and motorway networks. Market Harborough is approximately 13 miles away and Leicester is 15½ miles away.

PREMISES
Ground floor, mid-parade, retail premises, briefly comprising:

Main sales and display area with:

Window display.

11 x dresser units/sweet displays with under storage to perimeter walls.

Central display table.

1930`s style counter/service area with display of Belgian chocolates, electronic cash register and electronic weighing scales.

Ice cream freezer.

Rear office area with shelving and fire escape.

Kitchen area with fitted units and cupboards.

WC with wash hand basin and cupboards.

External:

Well signed street frontage.

TENURE
We are advised Leasehold:

Original lease length: 10 years

Remaining lease length: 6 years

Review every: 3 years

Rent: £8,400 per annum, which includes a service charge.

HOURS
The business is open:

Monday – Friday: 9.30am – 5.00pm

Saturday: 9.00am – 4.30pm

Sunday: Closed

STAFF
The business is owner run and managed with 2 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £51,300 per annum, with a reported gross profit of approximately 60%.



Tenure: Leasehold

Listed by: Hilton Smythe
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