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Retail premises for sale

£34,995

42-44 Main Street, Loughborough LE12

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Property description

Business
Hilton Smythe introduces to the market Woodhouse News. Established in the 1940’s the business has been successfully run and manged by our clients a husband and wife team since inception in 1978.

The business is very well supported by the local community with very little competition in the area. Revenue is derived from the retail of newspapers and magazines, greeting cards, confectionery. Lottery tickets and every day convenience items and groceries.

According to the 2015 accounts, the business generates a healthy turnover of £152,442 with a good gross profit of approximately 33%. The business generates a good weekly income from newspaper delivery rounds and lottery sales. Woodhouse News also sells a popular line of plants and seeds and is also a dry cleaning agent.

The store was originally two shops, now combined into one and providing ample space for the products, with the potential for expansion and to introduce further product lines.

Early viewing of this thriving business is highly recommended with the business genuinely coming to the market due to our clients looking towards a well-deserved retirement.

Location
The business is located in the affluent semi-rural village of Woodhouse Eaves, on the outskirts of the town of Loughborough, Leicestershire.

Woodhouse News is located at the heart of the community, next door to a butchers and hairdressers and close to the local Spar shop and chemist/post office. This pretty village is a popular area for walkers with the business benefiting from this tourist trade.

Although semi-rural the area is readily accessible sitting in-between the M1 and A6 and is located around half way between Loughborough to the North and the City of Leicester to the South.
Premises
A double fronted semi-detached premise, originally 2 shops briefly comprising:-

Good vibrant signage with street frontage with room for outside display of plants and flowers highly visible to passing trade.

Shop 1:

Ice cream freezer, perimeter shelving, greeting card racks and seeds display racking.

Shop 2 – main shop area:

2 door drinks chiller, perimeter shelving, greeting card racks, magazine and paper display, second ice cream freezer, carousel stands, sweets display unit, shop counter with coffee machine, small ice cream freezer, lottery terminal, cigarette gantry and till.

Stock room, with access from rear.

Toilet facilities.

Stairs to First Floor.

First

Shop 1 has first floor area with 2 storage rooms and a separate steep staircase. Currently not used

Shop 2:

Stock room 1, with table and chairs.

Stock room 2, with kitchenette area

The business benefits from a single garage at the rear (used for paper sorting) and shared rear parking area.
Tenure
We are advised leasehold on 2 separate leases.

Shop 1 – rolling contract with rent at £487 per quarter

Shop 2 –The original lease length is 20 years. Rent is £1380 per quarter.
Hours
The business opens:-

Monday to Saturday 7.00am – 6.00pm

Sunday 8.00am – 1.00pm
staff
The business is owner run and managed with the assistance of 2 part time and 5 paper boys/girls.
Financial profile
According to the 2015 accounts, the business generates a healthy turnover of £152,442 with a good gross profit of approximately 33%.

What Zoopla users think of Woodhouse Eaves

Overall rating:

  • currently 3.5 stars
Good - 74% (19 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
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  • 5
Entertainment & nightlife
  • currently stars
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Parks & recreation
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  • 1
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  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
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  • 5
Schools & public services
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  • 1
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Transport & travel
  • currently stars
  • 1
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Nearby transport

  • Barrow-upon-Soar (3.2 miles)
  • Loughborough (3.8 miles)
  • Sileby (4.5 miles)
  • East Midlands Airport (8.7 miles)
  • Coventry Airport (27.0 miles)
  • Birmingham International Airport (29.2 miles)
  • West Lynn Ferry Landing (67.2 miles)
  • King's Lynn Ferry Landing (67.4 miles)
  • Hull Ferry Terminal (80.5 miles)

Nearby schools

View all schools in Charnwood
  • Woodhouse Eaves St Paul's Church of England Primary School (0.2 miles)
  • Swithland St Leonard's Church of England Primary School (1.6 miles)
  • Outwoods Edge Primary School (1.7 miles)
  • Loughborough College (2.9 miles)
  • RNIB College Loughborough (3.0 miles)
  • Hind Leys Community College (4.3 miles)
  • Maplewell Hall School (1.0 mile)
  • Woodbrook Vale School (1.6 miles)
  • Rawlins Academy (2.3 miles)
Note: Distances are straight line measurements

Local info for Charnwood

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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