Convenience Stores for sale in Loughborough

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Polly Franey (July 2015)
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Leasehold Price: £40,700 Sale Agreed Turnover: £152,442 Gross Profit: £49,905
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Business Description
BUSINESS
Hilton Smythe introduces to the market Woodhouse News.  Established in the 1940’s the business has been successfully run and manged by our clients a husband and wife team since inception in 1978.

The business is very well supported by the local community with very little competition in the area.  Revenue is derived from the retail of newspapers and magazines, greeting cards, confectionery. Lottery tickets and every day convenience items and groceries.

According to the 2015 accounts, the business generates a healthy turnover of £152,442 with a good gross profit of approximately 33%.  The business generates a good weekly income from newspaper delivery rounds and lottery sales.  Woodhouse News also sells a popular line of plants and seeds and is also a dry cleaning agent.

The store was originally two shops, now combined into one and providing ample space for the products, with the potential for expansion and to introduce further product lines.

Early viewing of this thriving business is highly recommended with the business genuinely coming to the market due to our clients looking towards a well-deserved retirement.

LOCATION
The business is located in the affluent semi-rural village of Woodhouse Eaves, on the outskirts of the town of Loughborough, Leicestershire.

Woodhouse News is located at the heart of the community, next door to a butchers and hairdressers and close to the local Spar shop and chemist/post office.  This pretty village is a popular area for walkers with the business benefiting from this tourist trade.

Although semi-rural the area is readily accessible sitting in-between the M1 and A6 and is located around half way between Loughborough to the North and the City of Leicester to the South.

PREMISES
A double fronted semi-detached premise, originally 2 shops briefly comprising:-

Good vibrant signage with street frontage with room for outside display of plants and flowers highly visible to passing trade.

Shop 1:

Ice cream freezer, perimeter shelving, greeting card racks and seeds display racking.

Shop 2 – main shop area:

2 door drinks chiller, perimeter shelving, greeting card racks, magazine and paper display, second ice cream freezer, carousel stands, sweets display unit, shop counter with coffee machine, small ice cream freezer, lottery terminal, cigarette gantry and till.

Stock room, with access from rear.

Toilet facilities.

Stairs to First Floor.

First

Shop 1 has first floor area with 2 storage rooms and a separate steep staircase. Currently not used

Shop 2:

Stock room 1, with table and chairs.

Stock room 2, with kitchenette area

The business benefits from a single garage at the rear (used for paper sorting) and shared rear parking area.

TENURE
We are advised leasehold on 2 separate leases.

Shop 1 – rolling contract with rent at £487 per quarter

Shop 2 –The original lease length is 20 years.  Rent is £1380 per quarter.

HOURS
The business opens:-

Monday to Saturday 7.00am – 6.00pm

Sunday 8.00am – 1.00pm

STAFF
The business is owner run and managed with the assistance of 2 part time and 5 paper boys/girls.

FINANCIAL PROFILE
According to the 2015 accounts, the business generates a healthy turnover of £152,442 with a good gross profit of approximately 33%.  



Tenure: Leasehold

Listed by: Hilton Smythe
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