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Light Industrial for sale

Leo`s Ice CreamThomas Street,Wolverhampton,WV2

201 sq. m. | £325,000

Property Description

Commercial information

  • Business for sale
  • 2,169 sq ft (201 sq m)

Key features

  • REF: 2478

Full description

Tenure: Freehold

Leo`s Ice Cream is located in Wolverhampton, West Midlands.

Situated in a prime location near the centre of Wolverhampton. The business has excellent transport links, the arterial roads A41, A449, A454, A4150 and A4123 are within very close proximity to the business. Wolverhampton Train Station is approximately 10 minutes away.

Wolverhampton is a city and metropolitan borough in the West Midlands. The city has an approximate population of 250,000. Wolverhampton is approximately 20 minutes away from Dudley, 25 minutes away from Walsall and 35 minutes away from Birmingham.

Hilton Smythe is delighted to welcome to the market this ice cream manufacturer and supplier business in Wolverhampton, West Midlands. The business was established in 1950 and has been in our clients careful hands since then.

The business is only now being offered to the market due to our clients desire to take a well-deserved retirement. The business is open 5 days a week and generates a turnover in the region of 393,000 per annum with a gross profit of approximately 29%.

Leo`s Ice Cream is an established and well respected business in the industry. The business is a retailer and manufacturer of ice cream and stockist of ice cream lollies from manufactures such as Mars, Cadburys, Walls, Magnum, Twix and more. The business also stocks wafer cones, waffle cones and other ice cream related products.

In addition to the main retail area are 3 offices to the rear, offering the potential to sub-let to generate additional income if not required. The business also has a large workshop, which has space for approximately 8 - 10 cars. The workshop is currently used for storage but has the potential to be sub-let out.

We feel the turnover could also be increased with the introduction of a telesales department to prospect for business, a small marketing campaign could also prove very beneficial.

The manufacturing side of the business is currently run at a pace to suit the owner but could be restarted and expanded with a little further investment. Our client has advised us they would be prepared to offer a hand over period to assist any new purchaser.

Early viewing must come highly recommended for this excellent niche business.

Multi fronted industrial premises, briefly summarising:-

Till room:
The till room is situated within the main sales area, the room is fitted with a sliding window for serving customers. A small counter is in place with a till, an office area and hand wash basin.

Main retail shop area:
The retail is of a good size with high ceilings and well illuminated.
The area is equipped with:
10 chest freezers
Perimeter shelving for displaying products
Large walk in freezer currently used for storage and not switched on
Large walk in chiller room (ISF Cold Sores)

Storage and preparation area:
The storage and preparation area is made up of machinery used to manufacture ice cream including:
2 pasteurisers
2 homogenisers
1 plate cooler
5 ice cream storage tanks
2 bulk ice cream freezers
2 continuous ice cream makers
1 batch ice cream maker
Stainless steel work / preparation benches

Wash up area:
The wash up area consists of:
Twin stainless steel sinks with single drainers.
Stainless steel work / preparation benches with storage beneath
Large walk in freezer, space for up to 12 pallets
Further large walk in freezer with space for up to 18 pallets

The premises contains 3 offices to the rear of the main shop area. The offices are fully carpeted and equipped with office furniture.

There is a mezzanine area which could be utilised for additional storage.

Large workshop:
A large workshop with sliding steel door is adjoined to the premises. The workshop contains fluorescent lighting and can hold approximately 8-10 cars.

All manufacturing machinery
Shop fittings
Refrigerated truck
Fork lift truck

The exterior of the premises contains a large forecourt/parking area to the front of the business. The forecourt / parking area is accessed via double steel gates, the area has a covered area capable of holding approximately 5 vehicles.

The premises is well maintained and secure.

We are advised property is freehold and land is owned by Wolverhampton City Council.

The business is open:

Winter months: 9am - 4pm
Summer months: 8am - 6pm
Weekends: 9am - 1pm

The business is owner run and managed with the assistance of 2 part time staff members and casual staff as and when required.

We are advised the business generates a turnover in the region of 393,000 per annum and a gross profit of approximately 29%.

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