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Well Established Convenience Store

Leicester, Leicestershire

  • Asking Price: £125,000 +SAV
  • Turnover: We are advised the business is currently turning over in the region of £479,266 with additional income of £30,518 (£509,784) per annum trading limited hours.

  • Tenure: Leasehold

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Hilton Smythe welcomes to the market Broughton News & Convenience Store in Broughton Astley Leicester. The business has been operated by the current vendors for over 3 years in which time they have built up and strengthened a loyal and growing customer base and which due to family commitments this rare and exciting opportunity has now become available.

The business is a multi-income stream opportunity in a thriving location with a busy post office counter located within the store which currently generates a Post Office commission in the region of £28,000 per annum. The business sells a wide range of convenience store essentials along with an exciting range of wines, beers and spirits, a free cash machine service, coffee machine, greetings cards, newspapers & magazines plus a photo booth enabling customers to access all essential goods and services under one roof.

The business also has the benefit of family accommodation to the first floor and a secure rear yard making this a very rare opportunity within this sector of the market. The business would suit either an established operator looking for an additional site with excellent growth potential or a family or partnership looking for their first business with the benefit of obtaining a long-established trading location in growing and very much sought-after area.

Broughton Astley and the surrounding villages are undergoing growth in residential dwellings and the need to access services that this business and the services the village provides is on an upwards trajectory hence future proofing this site for the forceable future.

The family accommodation also has a separate rear access from the yard and subject to local planning consents could be let out to generate additional income to the new owner if so desired. In a crowded convenience store market this opportunity must be seriously considered.

The business is run and managed part time by the current vendors with the assistance of 2 x Full time and 2 x Part time staff members.

6.00am to 9.00pm Monday to Saturday and 7.00am to 9.00pm on Sunday.

Situated at the top end of Main Street in the centre of Broughton Astley Leicester, the site is easily accessible on foot and by all modes of transport with excellent surrounding road network links, Broughton Astley is just a short drive from both Lutterworth and Fosse park in Leicester just off the B4114, the village and surrounding areas are very sought-after with a good balance of residential dwellings and local businesses.

Ground floor trading location on a corner plot at the top end of Main Street in Broughton Astley. Main trading area with Post Office and Service counter, Fridges & Freezers, racking, shelving, display units & carousels, cash machine, Photo Booth, Full CCTV system, Storeroom, WC, separate office.

To the first floor is family accommodation comprising 2 x double bedrooms 1 x double bedroom with en-suite bathroom, separate family bathroom, kitchen, dining room & sitting room. To the rear of the site is a secure yard and delivery area with parking plus secure access to the first-floor accommodation. There is ample free parking to the front of the site with a turning circle.

Tenure
We are advised the business is being sold as a leasehold opportunity with the rent currently passing at £20,000 per annum with 9 years remaining on the current 12 Year lease.

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