Shop for sale

Farnley Convenience Store, 1 Tong Approach, Leeds, LS12 5NQ

£225,000

Property Description

Commercial information

  • Business for sale

Key features

  • Draft T/O 30/9/18 295,122 & GP 59,564 (20%)
  • Opportunity to increase sales
  • Currently run single handed with casual staff
  • Generous family accommodation & garden
  • ATM, PayPoint & Lotto in place, free parking
  • Great opportunity for husband & wife team. Energy Rating C
  • Christie & Co Ref: 5416896

Full description

Tenure: Leasehold

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.

Location

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.

Internal Details

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

Fixtures & Fittings

Items that are personal to our client are not included.

Tenure

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.

External Details

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.

Owner's Accommodation

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

The Opportunity

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.

Staff

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.

Trading Information

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.

Trading Hours

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

Business Rates

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

Regulatory

Premises licence.


More information from this agent

Nearest stations

  • Bramley (1.1 mi)
  • Headingley (2.1 mi)
  • Cottingley (2.2 mi)
Distances are straight line measurements from centre of postcode

Floorplans

Map & Street View

Nearest stations

  • Bramley (1.1 mi)
  • Headingley (2.1 mi)
  • Cottingley (2.2 mi)
Distances are straight line measurements from centre of postcode

Disclaimer - Property reference 5416896-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co , Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.