Shop for sale

Commercial information

• Business for sale

Full description

Description

The property has been owned by our client for circa five years and they now wish to sell to move closer to family. This presents a good opportunity to acquire a well established community store with good accommodation above, and one which still has opportunities to exploit via enhancing the coffee and food to go offer, opening longer hours, and potentially rebranding the fascia to refresh the store image.

The business is located approximately five miles to the west of Leeds city centre and just 0.2 miles off the Leeds ring Road (A6110), at one of the main access points to the housing estate in Farnley which it serves.

The front customer access door leads into an open plan, rectangular shaped retail sales area with three central gondola aisles, all overlooked by the service area and till. From the till area there is access to a storeroom and off the retail area is a ground floor toilet. An internal door leads to a ground floor lobby from which there is access to the first floor.

• 3m drinks chiller
• Coca-Cola branded upright fridge
• Monster branded upright fridge
• Red Bull branded upright fridge
• Two x 1.5 m chest freezers
• 2.5 m & 3m alcohol chillers
• Hot food display
• Pizza prep area with oven
• Walls branded chest freezer

Items that are personal to our client are not included.

The property is held on a 99 year lease which commenced on 14 January 1994. There are 5 yearly ground rent reviews. The current ground rent payable to Leeds City Council is £2,680 per annum.

There is a hardstanding for parking to the front of the store, enclosed yard to the side for secure parking and to the rear is an enclosed lawned garden with patio area.

A landing on the first floor gives access to a lounge with dual aspect windows, a dining kitchen three bedrooms and a bathroom.

This is a well established community store located to take advantage of passing footfall from local residents and with plenty of free parking. The owners are reluctantly selling in order to move closer to relatives, with their young family, meaning the opportunity exists for new owners to capitalise on the base that has been built. In the last two years our client has introduced food to go including takeaway pizza which has proved popular, and this offer could be enhanced further. There is a self-fill ATM on site and Lottery and PayPoint services which could be further promoted.

The business is currently run single-handedly by the owner with the assistance of one casual member of staff covering around 15 hours per week.

We have been provided with a draft profit and loss accounts for the year ended 30th September 2018 which show a turnover of £295,122, a gross profit of £59,564 and a further commission income of £2,207.

Monday - Saturday 7.30am - 8.30pm
Sunday 8.30am - 8.30pm

The current rateable value is £9,100, our client currently enjoys full rate relief. Confirmation of this should be obtained from the Local Authority.

Premises licence.