Businesses For Sale > Business For Sale in Leicester, UK, UNITED KINGDOM - UK (UK)

8988LE Newsagent & Off Lic/ Leicestershire - L/H Ł129,000 for sale in Leicester, UK, UK

Leicester, UK, UNITED KINGDOM - UK (UK)

Asking Price:	Gross:	Cash Flow:
Undisclosed	Undisclosed	Undisclosed

Business Summary:
Advent Business Sales are pleased to offer to the market this extremely well established newsagent, which has been trading successfully for the past 40 years. The current vendor has been in ownership for only a year but has to reluctantly sell due to ill health in the family, forcing early retirement. Lottery, top ups and pay point (which was introduced very recently) are additional draws to the public and generate a lot of sales. Our client has also added the start of a highly profitable off licence, which also will grow and bring additional income. The shop provides counter newspapers, magazines, sweets/snacks, soft drinks, greeting cards, tobacco and convenience essentials. The shop also offers a good variety of pre packed sandwiches as well as photo copying facilities. It is well laid out and has very good stock room and office facilities. We are advised that stock at cost is approximately Ł25,000 - Ł30,000. The business is staffed by a husband and wife team. This is an ideal business for a young husband and wife team, who wish to add to an already successfully business. The business is hopeful of achieving a fast sale. REF: 8988LE TRADING HOURS Mon-Sat: 7am – 6.30pm Sun: closed FINANCIAL INFORMATION We have been advised by the vendor of the following: Weekly sales: Ł11,000 Plus Lottery Ł 5,000 & Paypoint Ł10,000 + Gross Profit: 30% Accounts will be made available to interested parties after a viewing has taken place.

Year Business was Established: 1968

Facilities / Terms of Lease: TENURE: Leasehold Original lease: 15 years Remaining lease: 14 years Review every: 5 years Rent: Ł30,000 P.A. We are advised that the annual business rates are currently: Ł11,000

Potential Growth/Expansion: EXPANSION POTENTIAL As previously mentioned the refurbishment of the town centre will bring in greater footfall, this will increase turnover. The fledging off licence again will expand trade further.

Competition: Our client is conveniently located on the edge of a pedestrianised area in a major town in Leicestershire. This complete area has just received a major remodelling and facelift and forms part of a rebirth of a centralised and modernised town centre with additional brand name retailers and greater variety of choice for the surrounding area shoppers. The owner informs us that the majority of his clients come from offices, solicitors and other council employees who work in the area.

Owner willing to finance: Please let us know if you require finance for the purchase of a business,

Reason for selling: ill health

Seller Reference Number: 8988LE
BusinessMart.com Listing Number: 50184

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