Highly Profitable Asian Newsagent In Prime Location | | Undisclosed Leicestershire | | HIGHLY PROFITABLE ASIAN NEWSAGENT IN PRIME LOCATION Located on the 'golden mile' road Extremely popular and well established A/T: £143,800 GP: 23.8% ADJ NP: Circa £50,000 (before rent) Lottery & Paypoint £24,775 3 bed accommodation available L/H: £80,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 49955
ADVERT IMPRESSIONS : 13,771 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £80,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Our clients Asian newsagent is conveniently located on a main road central to the Asian population of Leicester. Leicester is a truly multi cultural city, making it a destination of choice.
The city has excellent rail links to the capital and is close to the M1 motorway and East Midlands Airport.
THE BUSINESS
Advent Business Sales is delighted to have been instructed to offer to the market this extremely well established and highly successful Asian newsagent which has been trading successfully for the past 60+ years.
The current vendor has been in ownership for the last 33 years and is reluctantly offering the business for sale due to retirement plans.
The customer base is not only regular people from all over Leicester but also local government establishments wishing to provide Asian magazines and greetings cards for their municipal establishments such as libraries and town halls.
The business provides many varied items including:
Newspapers and magazines, Asian and English
Books
Greetings cards
Sweets
Tobacco products
Soft drinks
Fireworks when required
Top ups
Pay point and lottery
There is a fantastic opportunity to increase sales with selected alcohol offers and also dairy products and bread, something that the present owner would like to have done but has not had the time and energy to execute.
Behind the shop is a very large, well secured storage area.
The shop is offered as a leasehold business and can either be a lock up or as a business with upstairs accommodation, suitable for a family. This accommodation has a separate entrance.
The shop has alarms, CCTV and is steel shuttered.
The business is staffed by the owner and his wife only
Due to the excellent location and the high customer base, early viewing is highly recommended.
TRADING HOURS
Mon-Sat: 7.30am to 7.30pm
Sun: 7.30am to 6pm
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
Annual sales: £143,853
Gross Profit: 23.8%
Lottery & Paypoint: £24,775
Net Profit Circa: £50,000 pa
(before rent)
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
BUSINESS PREMISES
The business has a double fronted window with a doorway in the centre and briefly comprises:
Ground Floor
Main shop circa 32ft long x 13ft wide
Extension at the rear circa 20ft long x 8ft wide, displaying greetings cards
Racking and shelving suitable for purpose
Back door leading to rear yard
Steel staircase leading to accommodation
Passageway at side of shop to main road
Large secure rear storage area
First Floor
Upstairs accommodation is of a good size and consists of a lounge, 3 bedrooms, kitchen/diner and bathroom with w/c
External
Paved to the main road
TENURE: Leasehold
Original lease: 10 years (for discussion)
Review every: 5 years
Rent: Business: £500 per week
Accommodation: £500 per month
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 9682LE / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
