Local Newsagents And General Store In Hull For Sale

Price:

Leasehold - £49,950

Seller Ref:

0345

Location:

East Yorkshire

Business Type:

Food Service Businesses, Retail businesses, Service Businesses

See Other:

Fast food restaurants for sale in East Yorkshire
Convenience stores for sale in East Yorkshire
Newsagents for sale in East Yorkshire
Other service businesses for sale in East Yorkshire
Food service businesses for sale in East Yorkshire
Retail businesses for sale in East Yorkshire
Service businesses for sale in East Yorkshire

Description:

THE BUSINESS:

This well positioned newsagents and general store is located to the North West of Hull city centre in the East
Cottingham area of the city. The business has been well established and thrived for over 50 years; the current owners are approaching their third year in successful occupancy.
The business has a diverse custom base including a large number of students who live in the surrounding area.
Hull University is only a few minutes walk from the premises. The newsagents is currently ran mainly by staff, with minimal input from the owners, both of whom have full time jobs elsewhere. Despite this, the business continues to develop and remains popular. It would benefit however from some small capital injection to modernise the appearance of the interiors and exteriors. The shop sells a variety of convenience products including newspapers, confectionary and non-perishables. The current news sheet is at £1700.00 per week at cost with potential for growth under the right ownership, due to
high local demand. The business has a loyal customer base, with little competition within the immediate vicinity. It has a regular following and gains some passing trade due to its excellent trading position. Due to its convenient position in
relation to local housing, it has always had terrific local custom.
The business comes fully fitted with all racking and railing as well as numerous drinks and cold fridges and the
sales counter and till. There is tremendous potential to develop the retail sales of the business, including later opening times to suit the local demands. There would also be great scope to open as an off- licence in the evening, as the demand
locally is suitably high.
We believe the business would be an ideal purchase for a partnership or couple who can fully utilize the
businesses potential as well utilise the expansive 3 bedroom family accommodation.