Newsagents for sale in Leicester

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Mrs Herbert (Nov 2017)
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Leasehold Price: £59,999 Price Reduced Turnover: £300,695 Gross Profit: £60,260
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Business Description
Business
Hilton Smythe welcomes to the market Mahavir News.

The business has been operated by the current vendor for over nine years and due to retirement this rare and exciting business opportunity has now become available.

The shop provides a popular range of services and produce to serve the main residential area, the surrounding communities as well as the busy passing trade.

The store is fully licensed and stocks a range of convenience store essentials including:

• Tobacco
• Beers wines and spirits
• Generous offering of confectionery
• Gift cards
• Magazines and newspapers
• Lottery & Paypoint with the huge advantage of 9 x newspaper round service.

The site benefits from its size and location and is spread over two floors, the ground floor can easily be reconfigured to extend the trading area further allowing the site the opportunity to widen the range of good and services available with the new owner being able to put their own spin on things.

To the first floor the site benefits from additional accommodation which with a small investment could be refurbished into well-proportioned living accommodation within this sought after and expanding residential area.

The business has a strong and reliable trading history generating a sizeable turnover with the added advantage of large premises with scope for expansion and living accommodation to the first floor, a truly golden opportunity to acquire a turn key business within a growing community.

Location
Situated on Cardinals Walk just off Scraptoft Lane in Scraptoft Leicester.

The site is located in between the Nuffield Hospital and the White Hart public house.

The site is easily accessible by all modes of transport as well as being on a main bus route with plenty of on street parking within the sought after surrounding residential area.

Premises
Two storey semi-detached property on a corner plot.

• Main trading area with sales counter to the front
• Additional store room to the side
• Kitchen and office
• Rear entrance with additional storage space with access into the main trading area and to the first floor

First floor

• Bathroom
• Separate WC
• Sitting Room
• Double bedroom
• Kitchen area
• Freezer units
• All racking
• Shelving
• Chillers
• Storage binnacles,
• Newspaper and magazine stand
• Confectionary display units.

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £9,600 per annum with 5 years remaining on a 10-year Lease.

Hours
The opening hours are currently 6.00 am to 8.00 pm Monday to Saturday and 7.00 am to 1.30 pm on Sunday.

Staff
The business is run and managed by the current vendor with 2 x part time staff assisting

Financial Profile
We are advised the business is currently turning over in the region of £312,000 per annum

The rateable value of the premises is £6,100

There are currently no rates payable on the business

A good cash business opportunity

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04500
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