Busy Newsagent and Convenience Store in Leicestershire

Wigston, Leicestershire
REF: R07536

Asking Price:
£39,950
Annual Turnover:
£320,000
Annual Net Profit:
£30,000
Reduced
REF: R07536
Photo of Busy Newsagent and Convenience Store in Leicestershire
Photo of Busy Newsagent and Convenience Store in Leicestershire
Photo of Busy Newsagent and Convenience Store in Leicestershire
Photo of Busy Newsagent and Convenience Store in Leicestershire

Overview

Tenure:
Leasehold
Established:
2014
  • Excellent Reputation
  • Very Loyal Customer Base
  • Huge growth potential
  • Spacious Premises

This is a superb opportunity to purchase a multi-faceted local business which operates as a newsagent and convenience store.
 
Since 2014, the business has been a pillar of the local community, offering a huge range of everyday essential items, including stationery, confectionary, newspapers, lottery tickets and a Paypoint payzone.

With a fully-stocked premises in a high footfall location, the business is ready for immediate takeover by a new owner.

The business operates from a spacious premises positioned on a parade of shops. Upon entry, customers immediately notice two aisles of shelving containing various items, with a customer counter to the far end backroom storage beyond this.

All equipment is included in the sale, such as shelving, fridges and a till.

As a suitable acquisition for anyone looking to take on a profitable local business with regular clientele, perhaps with retail management experience, a new owner could look to grow the business’s profit margins.

The business could easily obtain a license to sell alcohol, which would instantly boost profits. Perhaps integrating a click and collect/drop off postal service would also draw more customers in.

Features

Online Presence

Location

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  • Residential Location
  • High Street Location
  • Nearby Car Parking
  • Good Transport Links
  • Close to Local Businesses

Property

Annual Rent
£21,950
Annual Rates
£6,000
Lease Term (Years)
10
Lease Expiry (Year)
TBC
Accommodation Included
No
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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