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Newly established Convenience Store business for sale

Leeds, West Yorkshire
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Newly established Convenience Store business for saleNewly established Convenience Store business for saleNewly established Convenience Store business for saleNewly established Convenience Store business for sale
  • Leasehold: £64,995
  • Turnover: £120,000 £2,308 Per week
  • Net Profit: Not Applicable

Business Details

Business
Please quote reference B06896

Hilton Smythe welcomes to the market Oakwood Stores -Best One, Roundhay Road. The business was established by our client in May 2021. Though the business is doing exceptionally well in the first year trading, our client has other businesses and is looking to free up some time.

The business has built up a regular customer base, as well as being in such an affluent area. The foundations are laid ready for a new owner to take the business to the next level.

The shop stocks a huge range of items, including frozen products, alcohol, confectionery, groceries, and cleaning products.

The business has great scope for future growth by extending the opening hours, introducing additional product lines and services and developing the on-line presence with an integral purchasing platform.

Reasons to purchase -

  • Ideal owner managed or partnership business.
  • Current owner is happy to offer a handover to ensure the continued success of the business.
  • Low overheads
Scope to Improve - 

  • Increasing opening hours
  • Adding parcel services
  • Leaflet drops/advertising
  • Adding newspaper sales/deliveries
This is an excellent opportunity to take over a newly fitted and well positioned convenience store with huge scope for expansion. Early discussions come highly recommended.

The sale of the business includes -

  • Large display chillers
  • Display freezer
  • Shelving
  • Slatwall panelling
  • Central display stands


Location
Best one is located on Roundhay Road, Roundhay, Leeds. The business is surrounded by a wealth of complimentary shops and businesses benefitting from a high volume of footfall and passing trade.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.

The area is also well served by the A-roads, with the A58 within easy driving distance of the business, which links to the motorway network.



Premises
The premises had a full renovation in 2019 including the shop frontage and the assets.

Main shop area with fixed counter, fridges, freezers & drinks display units, storage display, shelving, and slatwall panelling.

Access through to the back store room & WC.



Tenure
We are advised that the business is being sold on a Leasehold basis, with 4 years remaining on the 5 year lease. The rent is £1,500 per month. 



Hours
The business hours are -

Monday – 07:00 – 22:00
Tuesday – 07:00 – 22:00
Wednesday – 07:00 – 22:00
Thursday – 07:00 – 22:00
Friday – 07:00 – 22:00
Saturday – 07:00 – 22:00
Sunday – 07:00 – 22:00




Staff
We are advised that the business is run and managed by our client, with the help of 1 full-time staff member.



Financial Profile
We are advised as per the 2021 accounts, the business generated a turnover in the region of £120,000. Full financials can be made available upon further request. 

Please quote reference B06896



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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. Reset 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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