Newsagents for sale in Leicester

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John Peacock (Feb 2017)
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Leasehold Price: £104,995 Price Reduced Turnover: £260,490 Gross Profit: £99,490
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Business Description
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 confectionery.

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.

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.

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
• Confectionery racking

Fitted kitchen to the rear of the site

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

Parking for the business to the side of the shop.

To the first floor is i self-contained apartment

• 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.

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.

The opening hours are currently:

Monday to Saturday 6.00 am to 6.00 pm
Sunday 7.30 am to 12.30 pm

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

Is this business relocatable: Yes

Listed by: Hilton Smythe

Find out more about this business opportunity.

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