6348 / Rightbiz
Leasehold Price: £49,995
Annual Turnover: £339,744
Annual Net Profit: £5,312
- Superbly Presented & Recently Refurbished
- Annual Turnover year ending 31st December 2018 £318,208
- PO Commission £21,536
- Business can be sold out of the Franchise
- Unrestricted Free Customer Parking
- Excellent Opportunity With Growth Potential
- Multiple Income Streams
- 19 Point CCTV In Place
- Competitive Rent & Rates
- EPC - D
Blacks Business Brokers are delighted to bring to the market this leasehold Post Office and convenience store located in this small parade of shops in Wigston Leicestershire.
This Bargain Booze select store has been trading at 5-6 Launceston Road on the Little Hill Estate since 2016, it previously traded as a McColls and this type of business has been at this location for many years. Our client acquired the business in 2016 and re-branded to the Bargain Booze franchise.
The business is located on this small parade of shops that include a large Co-Op Store, a pharmacy, a chip shop and other similar outlets attracting high volumes of shoppers. The location is densely populated and the parade of shops is extremely well supported by this loyal customer base. Wigston is situated five miles south of Leicester and well linked with the M1, A6 and A5199.
REASON FOR SALE
The business is only being offered for sale due to our client’s other business interests and therefore this has created an exceptional opportunity for a new owner to acquire the business and push the business forward.
The unit is available on a Full Repairing and Insuring lease(FRI). This is the most common type of commercial lease. The term is 20 years with 5 yearly rent review. The lease commenced in 2016 at a rate of £12,000 per annum. There is an additional service charge of £700 per annum.
BUILDING LAYOUT AND DESIGN
The business operates from this impressive double retail unit that has been converted into one retail space. The unit is double fronted and the building is three storeys with living accommodation on the upper floors that are not included in this lease. The shop has a large open plan retail area that is well presented. To the rear of the retail space are three store rooms, two toilets and a Manager’s office. There is a large customer car park to the front of the building that supports shoppers to the parade, the car park is free and has no restrictions whatsoever.
The business is supported by two members of staff one full time (35 hours) and one part time (20 hours). Our client is hands on in the business and works in store on a full time basis.
We are informed by our client that the business generates a turnover of £318,208 per annum for the year ending 31st December 2018. In addition to the retail turnover the business receives a post office salary of £21,536 per annum. The franchise fees are £3,231 per annum. Current trading records and accounts can be inspected upon a viewing.
The rateable value of the unit as of 1st April 2017 is £9,000. This is not the amount payable as our client receives the appropriate discount from the Local Authority. Purchasers should make their own enquiries with the relevant Local Authority.
This is an exciting opportunity for a new owner to acquire this lucrative business in this small parade of shops in this densely populated area. The business offers a new owner an opportunity to build trade by introducing additional services such as a coffee machine and a hot food counter two offerings that are missing from the parade itself. The business is producing good profits and has a steady flow of post office customers. All post office transactions are handled at the main till enabling the business to operate on minimal staffing levels. This is an excellent opportunity with growth potential which would ideally suit a hands on owner operator. Early viewings are advised.
Fixtures & Fittings:
CCTV 19 cameras and 2 x monitors (1 in the shop in front of the customer service counter; the other in the office)
2 EPOS tills + Post Office counter terminal
3 x Open fronted chilled display units: (1 x 4.5 meters; 1 x 5 meters and 1 x 3.5 meters);
1 x Chilled ready mixed cocktail cabinet
1 x Uprights double door display freezer
1 x Ice cream freezer
1 x Post Office safe
Mon - Sat - 6.30am - 9pmSun - 7.30am - 9pm
£230 Per Week. Weekly Rent:
£230 Per Week.
Location: Wigston, Leicestershire
Sector: Off Licences, Post Offices
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