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Convenience Store, Newsagents & Sandwich Bar for Sale

Leicester, Leicestershire

Leasehold : 40,000
Turnover : 3,500 p.w.

The business is situated in a densely populated residential area of North Leicester, and sits in a corner position within a row of commercial style properties which cater for the local residents and schools. The newsagents benefits hugely from the neighbouring shops and retailers which draw the locals to the area daily. There are bus stops and free communal parking right outside of the premises making customer access very easy indeed. There is also a sizable school within a short walking distance which provides regular visiting students and staff members throughout the year. Leicester is a very desirable business and residential location due to its fine housing, excellent central shopping, good schools, NHS facilities, friendly population and easy motorway access. Leicester lies on the River Soar and the edge of the English National Forest with many central and surrounding attractions and historic landmarks. Leicester is easily accessed via the M1 motorway which is situated less than 6 miles away making visiting and commuting very easy.

CONVENIENCE STORE, NEWSAGENTS & SANDWICH BAR - LEICESTERSHIRE
Situated in a densely populated residential area
Turnover 3,500pw with good profit returns
First floor private living accommodation
Early viewing is highly recommended
Huge scope for additional revenue
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer for sale this excellent newsagents and convenience store which has a proud history dating back to the 1980's. Our clients have owned the business since 2006 and are now only placing it onto the market due to their desire for semi-retirement. The business which is run and managed by our clients achieves a very respectful weekly turnover of 3,500 derived from the sale of newspapers, magazines, cigarettes, cards, gifts and general convenience style goods. The shop has 18 newspaper rounds spread over AM, PM and Sundays and has a very loyal customer base with many of the shops customers being known on a first name basis. Our client has currently introduced a sandwich bar which will increase trade. The business also enjoys excellent levels of repeat trade from the local school which provides a high amount of visiting students on a daily basis. There is a first floor 1 bedroom self contained flat which is currently sub let at 80pw which can continue being let or could provide living accommodation for a new owner. This is an ideal opportunity for someone who is looking for their first convenience style business. We feel that this opportunity provides a new owner with an excellent base to build upon and we urge early viewing of this charming shop.


Accommodation: Well presented corner 2 storey premises comprising of ground floor open plan newsagents and first floor 1 bedroom self contained flat. All being very secure and alarmed, briefly comprising:

GROUND FLOOR
Full front roller shutter security
Large glass fronted shop, secure front entrance
Shop briefly comprises of open plan 'L' shaped sales space, wall fixed shelving & product displays, several free standing displays, 4x drinks display chillers, 1x ice cream chest freezer, magazine display, newspaper display, gift/card displays, large serving counter with rear cigarette gantry, confectionery display and payment till, w/c with wash basin, 2x storage cupboards with shelving

FIRST FLOOR
Self contained flat
1x double bedroom
Bathroom
Living room
Kitchen
Storage cupboard

EXTERNAL
Rear communal garden/yard area

 
Tenure: Leasehold
Original length: 5 years
Remaining: 5 years
Rent: 1,600 per quarter

 
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906 Advert ID 17458    Sellers Ref : 1761/BSOL

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