Independent Supermarket, Leicester

Price:

Leasehold - £295,000

Turnover:

Seller Ref:

1048

Location:

Leicestershire

Business Type:

Retail businesses

See Other:

Convenience stores for sale in Leicestershire
Frozen food shops for sale in Leicestershire
Fruit & veg shops for sale in Leicestershire
General stores for sale in Leicestershire
Supermarkets for sale in Leicestershire
Retail businesses for sale in Leicestershire

Description:

THE BUSINESS:

A well established and immaculately presented Independent Supermarket located close to Leicester City Centre and surrounded by a dense mix of both residential and commercial population.

The Supermarket has an established presence within the local area and was formerly a Co-op site. Now with independent status and membership to Nisa-Today’s, the Business retails an extensive range of general convenience items, as well as offering PayPoint services, which accounts for approximately £7k per week of a consistent £30k per week turnover.

The Business also offers Lotto sales, which account for a further £5k per week, and is a Western Union Money Transfer station.

The Business trades from large 2 storey plus basement premises of long leasehold tenure with an immaculately presented retail sales area of approximately 3,000sqft. The premises cover a total of approximately 8,000sqft, with potential to expand the current Retail Sales area.

We are advised by our Client that the Business mainly attracts repeat custom, offers potential for further growth, and as of 2009 offers 19 years of a 25 year lease agreement.

KEY FINANCIALS: Proj. 2009 T/O: Approx. £1.5m pa GP: 18% Approx. WT. £30k (excl. Lotto)

Business Goodwill: PRICE REDUCTION £295,000 +SAV