Newsagents for sale in Leicester

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Convenience Store & Newsagents

Leicester, Leicestershire, England

  • Leasehold Price: £14,995  Price Reduced arrow_drop_down
  • Under Offer
  • Turnover: £71,235
  • Gross Profit: £21,854
Seller Reference: B04551
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Business Description
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Seller Reference: B04551
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Business Description
Hilton Smythe welcomes to the market Ash News.

The business has been operated by the current vendor for over 12 years in which time it has built up a loyal and solid customer base and due to retirement this rare and exciting opportunity has now become available.

The business sells a range of convenience goods along with

• Newspapers & magazines
• Confectionary
• Soft drinks
• Chilled and frozen foods
• Ice cream
• Slush puppies
• Tobacco
• Lottery scratch cards
• Range of gift cards

The site is in a much sought-after location with busy passing trade especially on match days at Leicester City along with both residential dwellings and other thriving businesses surrounding the site.

The business would benefit from extending the range of goods on offer obtaining an alcohol licence and opening for extended hours to maximise the huge potential the site offers, as well as extending the food and sandwich offering to increase the lunchtime trade developing that particular income stream.

The business is a turn key opportunity with very little in-going costs which is well established and currently trading limited hours offering the new owner huge scope to increase turnover and profits very quickly.

The business does not currently offer Pay-zone, Parcel service, National lottery or top up, All of which could take this business to the next level, as well as extending the opening hours.

Situated along the A426 at the top end of Aylestone Road in Leicester.

The site is just a short stroll from the King Power Football stadium on one of the main arterial routes into the City.

The site is easily accessible by all modes of transport and on a main bus route with excellent passing trade with free on street parking to the side.

Ground floor retail unit situated on the very popular Aylestone Road in Leicester.

Front entrance through to trading area with shelving, racking refrigeration units, deep freeze units, front service counter.

To the rear of the shop is two further additional store rooms a kitchenette and WC with secure rear access.

We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £7,500 per annum including an insurance contribution.

The business is currently operating 6.00 am to 5.00 pm Monday to Friday and 6.00 am to 2.30 pm on Saturday with extended hours on Leicester City match days.

The site is closed on Sunday.

The business is run and managed by the current vendor with some family assist.

Financial Profile
We are advised the business is currently turning over in the region of £104,000 per annum trading limited hours.

There are currently no business rates payable.

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