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FULLY LICENSED NEWSAGENT, SWEETS, TOBACCO & OFF LICENSE WITH FULL LOTTERY

Derby, Derbyshire
Freehold Price:
£95,000
Leasehold Price:
£34,500
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Status
FOR SALE
Advert ID
198024

Details

Area is in middle of major redevelopment, 700 homes have been built, 1500 new homes being built on site. All year round regular and passing trade. There is no immediate competition.

The current owners have built up and extensive and loyal customer base, and, forged strong relationships with other businesses in the area. They have build-up an exclusive newspaper delivery business for local Hotels, Pubs, Restaurant, Gyms, and large chunk of blue chip Pride Park businesses, Mercedes, Ford, Audi, etc… with the foundations that have been laid there is huge potential for the right team to make this into a wonderful and immensely profitable enterprise.

There is also huge potential to grow the business by extending opening hours and introducing new services. This business is on the edge on the city right next to InTu centre but in the middle of a vast new housing project. The current owners don’t have the capacity to cope with the growing demand.

Current Turnover is £4250pw (Lottery £2000pm aswell), ave profit for past 3 years £217k net profit. This is despite the redevelopment in the area which include the main arterial London Rd being closed for over 18 months.

It is clear too see that this business has solid foundations and will regain its status as a goldmine as soon as work begins on the new homes. Buildng work expected to start 2018.

This business benefits from 2 new, state of the art, fridges, brand new Walls ice cream freezer, this business is ready to go and a new energetic owner will become  able to fully the exploit this outstanding opportunity to substantially increase turnover.

With its prime location and focused range of stock, the business has served the local community successfully. However, the current owners are looking for the right buyer to takeover and grow the business further. This is a very interesting, unique and realistic opportunity and it is with some regret that the current owner is unable to continue with the business.

Fixtures & Fittings:
A full inventory can be provided on request

Opening Hours:
MON - SAT: 05:00 - 19:30
SUN: 06:00 - 14:00

Goodwill £34,500
Lease Rental £9,000
SAV

Listing Details
Freehold Price: £95,000
Leasehold Price: £34,500
Tenure: Freehold
Tenure: Leasehold
Sector: Convenience Stores, Newsagents, Off Licences
Financials
Annual Turnover: £170,000
Annual Net Profit: £17,000
Key Features
  • Town Centre location
  • Prime Location
  • Fully Fitted
  • Accounts Available
  • Retirement Sale
  • Attractive Business
  • Unique Business
  • Established Business
Location Statistics
What's nearbyi:
Volcovape (approx. 0 mile)
Corporate Massage Therapy (approx. 0 mile)
Pick'N'Mix Sound and Light (approx. 0 mile)
Zach's Coffee House (approx. 0 mile)
The Appliance Medic (approx. 0 mile)
Cathedral Quarter Hotel (approx. 0.3 mile)
The Flowerpot (approx. 0.3 mile)
Jurys Inn Derby (approx. 0.3 mile)
Best Western The Stuart Hotel (approx. 0.5 mile)
Coach and Horses (approx. 0.8 mile)
Listing Statistics
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