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Commercial Property for sale

Western Boulevard, Leicester


Property Description

Full description

This is an excellent opportunity to acquire a successful and popular leasehold business adjacent to De Montfort University and with potential to further enhance trading figures through extended opening hours. The premises have a sales area of 45.5 sq. m. (490 sq. ft.) with a rear storage and wash-up area, WC and a car parking space in the adjacent car park. Average weekly turnover is approximately £3,500 from 5 trading days. Gross profit is at 60.6% and net profit at 20.9% for the year ending 31st March 2016. Please note that this is confidentiality available as the staff are unaware of the proposed sale.

Situation - The business is situated within a parade of modern units off Western Boulevard and adjacent to Bede Park. The unit fronts a plaza which forms the entrance to the park and other occupiers include Tesco., a pizza shop , a pharmacy and a dessert retailer. The premises lie very close to the main De Montfort University campus and within walking distance of Leicester City Centre. There are several significant office buildings nearby in the Bede Island area.

Description - The sale comprises a successful leasehold sandwich shop business run from attractive, modern premises and well-fitted to a high specification. The accommodation includes a main trading area with a large counter and display units and seating for 14. There is a storage and wash-up area to the rear together with a staff WC. Externally, there is an outside seating area with views over the park and a dedicated parking space in the private car park to the rear.

Accommodation - The property has the following net internal floor areas:

Main area: 45.5 sq. m. (490 sq. ft.)
Store/wash-up: 24.6 sq. ft. (265 sq. ft.)

The Business - The business, trading as Deliish Sandwich Shop, offers a range of hot and cold food including breakfast sandwiches, toasted sandwiches and paninis, wraps, salad boxes, jacket potatoes, gourmet sandwiches and buffets and a range of hot and cold drinks. There is seating inside for 14 covers and further seating outside.

There is a range of modern catering equipment and more details are available on request.

The business is run by one of the co-owners together with one full-time and two part-time staff and the opening hours are 8.00am to 3.00pm Monday to Friday. The premises do not open at weekends.

The business has an average weekly turnover of approximately £3,200 with scope to increase this significantly with extension of the current opening hours. Current gross profit is around 60%. These figures are taken from the audited accounts for the year ending 31st March 2016.

The asking price includes all the fixtures and fittings.

Services - The property is connected to main electricity, gas, water and drainage services.

Business Rates - The current Rateable Value is £5,500.

Due to current regulations, no Business Rates are payable as the assessment is below the relevant threshold.

Lease - The premises are held under a lease until 15th August 2026 at a current rent of £15,500 per annum.

Rent - £15,500 per annum.

Price - £115,000 for the goodwill, fixtures and fittings.

Energy Performance Certificate - Energy Rating - 72 (Band C). A copy of the EPC is available on request.

Costs - Each party are to be responsible for their own legal costs incurred in respect of this transaction.

Value Added Tax - VAT may be charged in respect of this transaction.

Possession - Vacant possession will be granted on completion of legal formalities.



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