Business for Sale in Leicester, Leicestershire **REDUCED**Leasehold Newsagents + 2 Bed Accommodation

Leasehold Price £40,000

Key Information

Reference
T35237G
Tenure
Leasehold
Status
For Sale
Region
Leicestershire
Sector
Newsagents
Weekly Sales
£7,240.00 Inc. VAT
Rent Payable
£1,000 PCM (Including accommodation)
Business Rates
NIL (Small Business Rates Relief)
Accommodation
Flat above shop with separate access. Current let out for £425 pcm, but can be sold with vacant possession
  • Rent only £1,000 per month
  • Current tenant in the flat
  • Can be sold with vacant possession
  • Scope to refurbish the shop to improve sales
  • Prominent position, large residential area

Business Information

EMF are pleased to offer to the market this Leasehold Newsagents with 2-bedroom accommodation based in Leicester (LE5). This business has been owned by the current vendor for only a short space of time, but illness is forcing a reluctant sale of the business. The business is set in a large residential area of Leicester and currently does not sell alcohol, giving scope for the new owners to introduce themselves if they so wish. The business sells a range of groceries, food to go, coffee, slush, greetings cards, newspapers and stationery. In addition to this, the business also offers services such as Lotto, InPost collection, Snappy Shopper (delivery), DHL, eTopup and PayPoint. They also have online sales including Uber Eats, Deliveroo, Western Union and about to start Shop Local which is featured on their website.

The business generated £7,241 per week in Gross Sales over the last 12 months according to the VAT returns. The business reports a 26% Gross Margin, benefitting from newspaper delivery fees. We estimate that the business would provide an income above £49,000 per annum (after add-backs) for a full-time working owner.

  • Rent only £1,000 per month
  • Current tenant in the flat
  • Can be sold with vacant possession
  • Scope to refurbish the shop to improve sales
  • Prominent position, large residential area

Offers around £40,000 +SAV | Ref: T35237G

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