Newsagents for sale in Leicester

View the "Mill Hill News Leicester leicestershire LE19 4XL" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
View More
Leasehold Price: £125,000 Turnover: £260,490 Gross Profit: £99,490
Request Details
Business Description
Business
Hilton Smythe welcomes to the market Mill Hill News in Enderby Leicester.

This long and well-established business has been run by the same vendors for over 26 years becoming a sought after hot spot for local trade servicing the surrounding businesses, the local community and beyond.

The business is laid out in a traditional local shop format with fridges and display counters situated around the perimeter of the site with the added benefit of a food service counter to the front.

The shop stocks food and provisions including a range of household staples and much more including newspapers and magazines a large range of birthday and greeting cards, cold drinks, crisps and confectionary.

A large part of the success of the site has been the extensive hot and cold food offering which has developed and gained an enviable reputation building a large and loyal customer base from the surrounding business and historical passing trade. The food offering includes all the traditional breakfast staples along with hot roast pork/roast of the day. Pukka Pies, soups plus an extensive range of hot and cold sandwiches, paninis, tea and coffee and much, much more.

This is a multi-income stream business which has long standing account customers developing a consistent and profitable income. The business offers a rare and exciting opportunity for a new operator to extend and diverse the food and provisions offering further, extending the trading hours, creating a more active web and online footprint as well as introducing additional services which would be of benefit to the surrounding businesses and the increasing residential areas with the local population set to hugely increase due to the soon to be constructed housing estate.

The site also has spacious three-bedroom first floor accommodation with a separate entrance and services which could be family or staff accommodation for the new owner or alternatively let out on a AST to generate a further income stream.
This is a highly sought after turn key business opportunity with accommodation that is coming to the market for the first time in nearly 30 years and is not to be missed.

Location
The business is situated on Froanes Close just off the B582 in Enderby Leicester.

The site has the benefit of excellent road network links in and out of the City and surrounding areas and is just off the M1 J21.

The business sits in between Brockington College and the head office for NEXT plc as well as just being a short drive from the Fosse Park retail centre.

Premises
Ground floor trading area,

Main service and food counter to the front of the site, all refrigeration units and internal shelving and display counters set out in a traditional format.

• Wall shelving,
• Display units,
• Chilled drinks fridges,
• Frozen food storage,
• Magazine racks,
• Paper display stands,
• Confectionary racking,

Fitted kitchen to the rear of the site with,

• Ovens,
• Preparation areas,
• Fridge freezers,
• Air conditioning units,
• CCTV,
• New boiler,

Parking for the business to the side of the shop.

To the first floor is i self-contained apartment with,

• Three bedrooms,
• Lounge,
• Kitchen diner,
• Lobby,
• Bathroom with shower,
• Secure separate entrance to the shop.

The current owner is also happy to sell the contents of the apartment to the new owner by separate negotiation.

Tenure
We are advised the business is being offered as a leasehold opportunity with the rent passing at £16,800 per annum with 5 years remaining on the current lease.

Hours
The Opening Hours Are Currently
Monday to Saturday 6.00am to 6.00pm
Sunday 7.30am to 12.30pm

Staff
The business is run and managed by the current vendors with the assistance of 3 x part time staff

Financial Profile
We are advised the business is currently turning over in the region of £261,000 per annum.

The rateable value of the premises is £9,300.

There are currently no rates payable on the business.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
* REQUIRED
*
*
*
*
*
*
*
*
*
Would you like a free no-obligation discusson with a qualified finance provider who could help you to buy this business?
You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.
Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
B04315
Seller Reference:
You May Also Like...
loading... 
Welcome to Daltons business. This website uses cookies. Read our Privacy Policy here