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Leasehold Convenience Store in Loughborough

Loughborough, Leicestershire
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  • Status

    SOLD / WITHDRAWN

  • Date Submitted:

    03/12/21

  • Advert ID

    287053

  • Leasehold: £19,500
  • Rent: £4,600
  • Turnover: £100,000
  • Net Profit: N/A

Convenience store plus off-licence for sale - leasehold.

Offered for sale is this recently fitted convenience store and off-licence in Loughborough.

The store is in a parade of five shops that serve the local community, university, college, and school students.

The parade is at the back of Loughborough University.

The current owner has been running the business for four years and has made many changes to the premises. There has been a convenience store in this location for over 50 years.

Since their ownership, they have invested in new equipment, fixtures, and fittings. They have been bought, paid off, and are included in the sale price. It is a plus for any new purchaser as there is no need for additional funds to set up.

This store is entirely staff operated; the owner does not work in the store as they have other businesses which they operate.

They retail a wide range of groceries, bread, frozen foods, dairy produce, stationery, cold drinks, confectionery, newspapers, magazines, greeting cards, toiletries, pet foods, tobacco products, beers, wines, and spirits.

There is the scope to add other services which can increase the footfall and turnover (The National Lottery, Pay Point, and Payzone).

The shop has great potential. There is scope to extend upon the current opening times. It is a superb opportunity for a first-time buyer to enter the marketplace.

Early viewings are recommended. This opportunity is not one not to be missed.

Current turnover: £100,000 (£1900-£2200 per week)

Trading hours: Monday to Friday: 7:30 am – six pm, Saturday and Sunday: eight am to 12 pm.

A new lease will be issued for three years at a rental of £4600 Vat per annum (£460/month inc Vat).

The shop floor area is 726 Square feet, with an additional storeroom and covered delivery yard for extra storage and w/c.

The premises benefits from small business rate relief. So, there are no rates to pay.

Price: £19,500

INCLUDES THE SECURE LEASE, GOODWILL, FIXTURES, AND FITTINGS plus STOCK AT VALUATION (£10,000 - £12,000 approx. )

All enquiries are to be made confidentially to the owner for details and viewing via email or phone.

It is a confidential sale. The shop is currently staff-run.

Contact me for more information.

Read more

  • New Lease
  • Small Business
  • Attractive Business
  • Established Business
  • Offers Invited

Contact the seller for more details, or book a viewing

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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Rest your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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