£0 £1000000
£0 £1000000

Large Freehold and Leasehold Property with Flats Available

Derby, Derbyshire

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£289,950 +SAV

Ref: 2981 F

Overview

Hilton Smythe is delighted to welcome to the market Nisa Local. The store was originally established in 2010 by our client, who is now looking to sell the business due to relocation. We are advised this is a very profitable business with most turnover being generated from the sale of convenience products and alcohol. This store is also a Payzone and a Lottery agents, which is a great income. The current turnover for the business is an advised £400,004 per annum, with a gross profit of around 19% as per 2015 accounts. The Payzone and Lottery turnover are to be advised. The business benefits from a very large premise that is fully branded with the Nisa branding. The store is well laid out with fully stocked shelves. The business sells a fantastic range of products this includes alcohol, cigarettes, confectionary, household products and more. The shop receives much of its sales from the high amounts of passing trade but also benefits from the local repeat trade. To the side of the property is free on street parking which allows for customers to easily call in. We feel turnover could be increased a little more by introducing deliveries and the new owner could also look into stocking newspapers and arranging a delivery round to the surrounding area. The premise was originally a pub but has received a huge refit just 5 years ago, this means that shelving and other fixtures are relatively new. This is brilliant for the purchaser as there will be a lower starting cost. This large property boasts a large 4 bed owner’s accommodation which is located above the store. The accommodation is only available with the freehold sale. Hilton Smythe highly advise early viewing to avoid missing out on this highly profitable opportunity

Turnover
The business generates a turnover in the region of £400,004 per annum as per 2015 accounts with a gross profit of around 19%

The business is run and managed by our client with the help of 4 part time members of staff.

The business is open- Monday - Saturday: 6am – 10pmSunday: 9am – 8pm

This Nisa Local is located on a main road location of Derby, Derbyshire. The business is situated in a fantastic trading location. The area receives a high amount of footfall daily due its close proximity to Derby city centre. This is a densely populated area but there is also a generous amount of independent business. On the row of terraces that the shop is located on is a take away, sandwich shop, Chinese take away, fish and chip shop, clothing store, beauty salon, newsagents and more. The road on which the business is located comes off the busy A-road connections that runs around Derby and heads straight through to Derby centre. It is just a 5 minute walk into the centre which is fantastic for those who live and work in the area. Due to this being a prime location there is a very generous amount of public transport this includes the Derby train station.

The business thrives off a large corner property on a row of terraced houses. There is a cellar but this is currently unused, this could be a great space for storing stock. Large L shaped shop floor area with corner door and internal ramp for wheelchair access. The store is well fitted and is bright and airy. Equipment includes- 1 x long central display Aisle1 x shorter central display Aisle.Perimeter shelving and display racksNewspaper and magazine racking5 x section open chiller3 x section open chiller2 x large glass top chest freezers3 x tier ice cream freezer.Shop counter2 x EPOS tillsLottery terminalPayzoneCigarette gantry. Passageway leads toFire exit door at the rear of the shopSmall store roomAdditional store room (racked and shelved) With freehold purchase only there is an additional yard with external staircase to the first floor flat, plus large outbuilding/storage room. Freehold Only:Access via internal and external staircasesThe first floor flat is available with the purchase of the freehold purchase. The accommodation would be perfect for a family with its 4 double bedrooms. There is also a lounge, kitchen, bathroom and another store room. The property is well secured with a CCTV system fitted, there is 14 cameras fitted around the property.

Tenure
We are advised the business is freehold. There is also a leasehold option available for £90,000 plus SAV.Leasehold information to be advised

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