Kiosk for sale in Loughborough city centre near market with strong foot traffic and community support
Loughborough, Leicestershire
- Status
FOR SALE
- Advert ID
654868
- Reference
Loughborough Kiosk & Convenience Store / Rightbiz
- Call Agent:
- Leasehold: £64,950 (Stock at valuation)
- Rent: £24,000 (£2,000 per month)
- Turnover: £286,000 (£5,500 per week)
- Profit: On request
Key Features
- Established off-license retail space
- Established trading business
- Excellent location for trade
- Flexible asking price arrangements
Business Details
Loughborough Kiosk in City Centre, next to the market with huge footfall and masses of potential
Carillon News Loughborough
Leasehold: Asking Price £64,950 rent £20,000 plus VAT per annum
At a Glance
Weekly sales circa £5,500
£300 per week lottery commission
City Centre Convenience, Tobacco, Newspapers & Alcohol shop
Relied upon by the local community
Energy Rating D
An established Newspaper Kiosk with alcohol
This would be ideal as a family run store, or it would suit a hand’s on multi-site operator
Loughborough is the second largest settlement in the county after Leicester. Loughborough is close to the Nottinghamshire border and is located near Leicester, Nottingham and Derby. It is notable for its university, marketplace, and fair. Loughborough is home to the world's largest, and the UK’s only, bell foundry, John Taylor Bellfounders, which has produced bells such as, Great Paul, the largest bell in the country, at St Paul's Cathedral.
Location:
This kiosk is based in the city centre, right next to the market in the heart of the pedestrianised area where almost all the public visiting the area will almost pass the kiosk, generating huge passing trade and footfall.
The site benefits from being surrounded by a huge shopping area, with lots of big multi store operators such as Boots, McDonalds, Holland & Barrett’s, Café Nero and much much more and the shop could go from strength to strength with someone that could and would commit the time and effort to the business.
There are lots of local businesses in the area and they all complement each other.
Internal Details:
The kiosk is small, despite the restricted area has everything you would expect from a convenience store. It has, chillers, gondolas, fridges, newspaper and magazine racking, greeting card racks, lottery and much more.
External Details:
The business benefits from being in the hub of the pedestrianised area 20 yards from the market and all the chain stores.
Fixtures & Fittings:
We are advised that all trade fixtures and fittings are owned outright and are included as part of the sale apart from the Red Bull Fridge and the Coca Cola fridge which are on promotion BUT new contracts can be made.
The Opportunity
This kiosk/convenience store is the ideal business for either a hands on owner operator or a multi store operator. Due to the short hours this site could even be ran by an individual as it has been done for the last 18 years. The vendors poor health forces sale and he will be sad to leave as he enjoys the banter with the regular customers and other traders.
The news sheet stands around £1300 per week where the vendor has a contract with the council for newspapers and magazines.
Alcohol license is 7am – 10pm so the 4:30pm closure should definitely be increased to increase the alcohol sales,
Market days is Thursday and Saturday but there is almost always something happening on the other days.
Every other Sunday there is a fair
Christmas market lasts there for 6 weeks in the festive season.
There is always the famous Loughborough by sea week during the summer to look forward to.
This is a tight knitted community and the Kiosk is the hub in the centre.
Definitely worth a visit as the potential is huge.
Trading Information
Trading information shows average weekly sale of circa £5,5000 plus per week.
Site is reluctantly being sold due to staffing issues and other business ventures.
Trading Hours
Monday to Saturday 7am – 4:30pm
Sunday Closed all day.
Regulatory
Alcohol Licence
Business Rates
The current owner has advised that the site benefits from small business relief on business rates. Purchasers however should make their own enquiries with the relevant local authority.
Viewing
No direct approach may be made to the property. For an appointment to view please contact the agent.
Gurnam Singh
Tel:07935966270
Email: [email protected]
Contact Agent
Map
What's Nearby
Listing Statistics
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Contact the seller for more details, or book a viewing
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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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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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Contact seller
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.
Be safe, use a Rightbiz Solicitor
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