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Convenience Store With Generous Accommodation

Leicester, Leicestershire
Freehold Price:
£364,995
Status
FOR SALE
Advert ID
231654
Reference
B04769 / Rightbiz
Business
Hilton Smythe welcomes to the market L & S News on Cavendish Road in Leicester.

The business has been operated by the current owners for over 38 years and is well established in the local community and surrounding areas having built up a long-standing reputation for excellent service.

Due to retirement this truly rare and exciting opportunity has now become available.

The business sells a wide range of convenience store household staples with additional products such as:

• Loose confectionary
• Fancy goods
• Children’s toys
• Large range of greetings cards
• Wrapping paper
• Newspapers & Magazines
• Fruit & Vegetables
• Fresh flowers & plants


The business also offers much needed services to the local area including Pay point, Western Union, National Lottery and an Collect+/E-bay parcel collection service, plus 3 x morning & 2 x Sunday Newspaper rounds all helping to generate a busy and consistent footfall through the shop generating a very respectable turnover and adjusted net profit.

The business is being offered to the market as a freehold purchase with the site spreading across three former terraced houses which over the years have been reconfigured to create a truly unique layout.

The premises offers generous residential accommodation along with a secure rear yard and a well configured trading area to the front.

This opportunity will have a broad appeal to various sectors of the business community and beyond offering the opportunity for the new operator to:

• Extend the opening hours
• Tweak the convenience food offering further introducing their own ideas
• Offering a local delivery service
• Generating a stronger on-line presence
• Introducing a range of beers, wines & spirits with the site already granted a premises licence


The generous residential accommodation is spread over two floors across all three dwellings and would suit both families or individuals looking for a site with plenty of potential and additional space, a truly one-off opportunity.



Location
Situated on Cavendish Road just off the A426 Saffron Lane in Leicester.

The site is in an excellent location just a short distance from Welford Road and Leicester City Centre and just a short stroll from the Saffron Lane athletics centre.

The site is easily accessible on foot and by all modes of transport with a regular bus service passing by and plenty of free on street parking to the front of the shop and within the surrounding residential dwellings.



Premises
Large property consisting of three former terraced houses from 182-186 Cavendish Road.

Main trading area

• Service counter
• Display counter units
• Shelving
• Card storage units
• Fridges
• Fridge freezers shelving
• Storage binnacles


There is access through to the sitting room with additional storage space family kitchen

To the first floor is 3 x double bedrooms with a single room off the rear bedroom plus a shower room.

From the left-hand side of the shop is access to number 182 with additional storage/kitchen, to the first floor there is a sitting room/office 1 x double bedroom and family bathroom.

The residential accommodation can be easily reconfigured to suit individual requirements.

To the rear of the site there is plenty of additional storage within the original outbuildings and two large secure yard areas.



Tenure
We are advised the business is being offered on a Freehold basis with a guide price of £415,000



Hours
The business is opening hours are currently:

Monday - Saturday: 5.00 am to 6.00 pm
Sunday: 5.00 am to 5.00 pm




Staff
The business is run and managed by the current vendors with the assistance of 3 x part time staff



Financial Profile
We are advised the business in 2017 generated a turnover in the region of £461,638 with a respectable adjusted net profit.

There are no rates payable on the business.



Listing Details
Freehold Price: £364,995
Tenure: Freehold
Location: Leicester, Leicestershire
Sector: Convenience Stores, Newsagents
Financials
Annual Turnover: £461,638
Contact Agent
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Advert Reference: B04769 / Rightbiz

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