For Sale
Newly established Convenience Store business for sale
Leeds, West Yorkshire
- Asking Price: £64,995 +SAV
-
Turnover:
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
- Tenure: Leasehold
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
- Increasing opening hours
- Adding parcel services
- Leaflet drops/advertising
- Adding newspaper sales/deliveries
The sale of the business includes -
- Large display chillers
- Display freezer
- Shelving
- Slatwall panelling
- Central display stands
We are advised that the business is run and managed by our client, with the help of 1 full-time staff member.
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
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.
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.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
