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Retail premises for sale

£40,000

Unit 1, Leeds LS9

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Property description

Business
Hilton Smythe welcomes to the market the busy Convenience Store.

This excellent family business has been owned by our client for 18 months, having been a similar business for several years previously. It is well established with many repeat and loyal customers.

The business sells, tobacco, cigarettes, cold drinks, confectionery, household items, gifts, groceries, dairy products, frozen goods, ices, vegetables, phone cards and other sundry items.

The fittings and decor are of a good standard and shelving is maintained by our client to a high standard. The business also also offers Lycamobile, Hermes and mobile phone repair facilities.

It no longer sells alcohol as our client cannot obtain a personal licence. If an alcohol licence were to be obtained by the buyer, sales and profits would increase dramatically. In any event, sales figures, gross profit and adjusted net profit are good.

Our client is selling to retire.

This is a tremendous opportunity for a new owner to buy and develop a well-established and profitable business with genuine potential.

Location
This very busy Convenience Store is located on the ground floor of the iconic Sky Apartments building on St Peters Street in the heart of Leeds.

The Store is opposite the bus station and John Lewis Department Store and is located in the commercial, shopping and residential centre of the city. It is the “go to “ store for the residents of Sky.

The shop is well signed and very noticeable to the large volumes of passing traffic and footfall and benefits from no immediate competition in the immediate area.

Premises
The store is located on the ground floor of the modern Sky Apartments building. Circa 36sq m.

Entrance to the busy and attractive shop is from the front pavement.

The counter is at the rear with display units and shelving to the front.

There is an internal stairway to a large first floor stockroom with toilet and facilities.

There is bin store room to the side.

The sale includes the shop counter, till, drinks fridges, 2 freezers, shelves, retail units and cigarette cupboard.

Our client values these assets at approx £5000.
Tenure
We are advised that the premises are of leasehold tenure. The Lease runs to 2021. The rent is £10,200 pa inc vat.

The premises are exempt from the payment of business rates.
Hours
The business opens 9 am to 9pm – 7 days a week.
Staff
The business is run by the owner with 1 part time assistant.
Financial profile
We are advised that annual turnover is presently £160,000 approx with a Gross profit of 35%

In addition commissions are received from Lycamobile and Hermes.

What Zoopla users think of Leeds

Overall rating:

  • currently 4 stars
Very good - 79% (427 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
  • 1
  • 2
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
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  • 4
  • 5

Nearby transport

  • Leeds (0.6 miles)
  • Burley Park (2.0 miles)
  • Headingley (2.8 miles)
  • Leeds Bradford International Airport (7.0 miles)
  • Robin Hood Airport (31.2 miles)
  • Manchester International Airport (43.2 miles)
  • Hull Ferry Terminal (51.7 miles)
  • Transporter Bridge South Side (55.8 miles)
  • Transporter Bridge North Side (55.9 miles)

Nearby schools

View all schools in Leeds
  • St Peter's Church of England Primary School, Leeds (0.3 miles)
  • Ebor Gardens Primary Academy (0.5 miles)
  • All Saint's Richmond Hill Church of England Primary School (0.6 miles)
  • Leeds College of Building (0.3 miles)
  • University Technical College Leeds (0.7 miles)
  • Swarthmore Education Centre (0.9 miles)
  • Mount St Mary's Catholic High School (0.4 miles)
  • The Ruth Gorse Academy (0.5 miles)
  • The Co-operative Academy of Leeds (0.7 miles)
Note: Distances are straight line measurements

Local info for Leeds

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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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