Business for sale

Business description

Residential area, Leicester.

We are informed the turnover averages £3,000/£3,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £600 p.w. Gross profit 20% approx.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION (£8,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features SINGLE FRONTED MEDIUM SIZED SALES SHOP with tiled floor. 2 centre display gondolas, counter, electronic cash register, 1 large chest deep freeze, 1 Walls' ice cream deep freeze (owned), 1 open cool display unit (used for wines, beers plus dairy products), 2 upright double door drinks display fridges (including 1 on loan from Coca Cola), shelving etc.

Stockroom with shelving
Staff cloakroom with w.c. and wash hand basin

Staff The business is at present operated by the vendor with the assistance of 1 full time staff. 2 morning newsboys employed. 2 evening newsboys employed. Delivery charge 70p/£1 p.w.

Opening Hours Monday - Saturday inclusive - 6 a.m. - 12.30 p.m. re-opening at 3 p.m. - 8 p.m.
Sunday opening - 6 a.m. - 1 p.m. re-opening at 6 p.m. - 8 p.m.

Outside Yard at rear

Tenure We understand the premises are held on a secure renewable lease having approximately 3½ years unexpired at a rental of £5,580 p.a. exclusive of rates. (It should be noted that included in the lease is an adjoining lock-up shop let and producing a rental income currently of £1,860 p.a. exclusive of rates). Therefore the net rental payable at the present time is only £3,720 p.a. exclusive of rates.

Uniform Business Rates: £1,240 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION


Reference : G4913