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£29,995 | 1,140 sq ft

Retail property (high street) for sale

Leicester Road, Wigston, Leicester LE18

£29,995 | 1,140 sq ft

Retail property (high street) for sale

Leicester Road, Wigston, Leicester LE18

Description

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Property features

  • SUCCESSFUL LOCAL DIY STORE
  • ESTABLISHED BUSINESS TRADING OVER 40 YEARS
  • TRANSFERABLE TRADE ACCOUNTS
  • TRANSFERABLE COUNCIL ACCOUNTS
  • TOWN CENTRE LOCATION
  • REGULAR & LOYAL REPEAT BUSINESS
  • ONLINE WEBSITE PRESENCE
  • FRONT & REAR DELIVERY ACCESS
  • REAR PARKING AVAILABLE
  • Rent: £13,000 (We are informed)

Property description

RB Gates Nationwide are pleased to present this 40+ years established, successful and independent DIY retail shop for sale in the heart of Wigston in Leicestershire. The business has been trading for a while now and is extremely popular in the local area. We are informed 2017 provided a turnover of £99,476 with a gross profit of £45,425. This shows a gross profit margin of approximately 45% which in turn proves the significant potential in profitability through its day-to-day running. The most vital factor is its prime location within the retail area of Wigston town centre. The premises provides both front and rear access for deliveries and there is also parking to the rear showing sheer convenience when running your business. 

Services: Tools / Wood Cut to Size / Plumbing & Electrical Supplies / Ironmongery / Fixings / Key Cuttings / Timber / Gardening 

A significant number of local businesses regularly use the shop and we are informed of 18 trade accounts and 4 council accounts at present, which can be transferred. This in turn shows that a new business purchaser can rest assured to start trading with regular income straight away. This is not to mention a key cutting service along with an affixed woodcutter to the rear of the shop, which plays an essential role in increasing turnover as general additional services within the shop. 

This business also has an online website presence which has a large scope for improvement by adding further chargeable online advertisements from traders along with Google Ads and other avenues of revenue from the traffic being received from the website. This has in time lead to a strong and established social media presence across online selling platforms. Businesses such as these do not stay on the market for very long so call us now to find out more! 

Tenure LEASEHOLD [6 year term] Commencing March 2016 

EPC Rating To Be Confirmed 

Buyer’s Fee: 2% of Premium 

TURNOVER (As per accounts) £99,476 [2017] £77,532 [2018] 

Rent: £13,000 per annum 

Council Tax Small Business Rate Relief (We are informed) 

Location: Leicester Rd, Wigston LE18 1DR 

BY APPOINTMENT ONLY with the Agents RB Gates Ltd T/A RB Gates, Nationwide. Viewing is highly recommended as businesses such as these rarely stay on the market for long. [NO TIME WASTERS PLEASE] 

Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing to a sale. 

General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. 

Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture. 

Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. 

Disclaimer: These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither RB Gates Ltd nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property. 

Confidential Information: You may download, store and use this material for your own personal use and research. You may NOT republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the website owner’s express prior written consent. The website owner’s copyright must remain on all reproductions of material taken from this website

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Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Street view is not available at this location

Call 0116 448 8796

DISCLAIMER

Property reference 19AB234. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by RB Gates - Leicester. Please contact the selling agent 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.

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