Newsagents for sale in Leeds

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Y. MacGregor (Nov 2017)
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Leasehold Price: £80,000 Turnover: £350,000
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Business Description
Business
Hilton Smythe is delighted to welcome to the market this well-established and profitable newsagents Trinity News in Leeds.

The business was established 2013. Only now is the business being offered to the market due to our client`s wish to pursue other projects.

The business generates a turnover in the region of £350,000, with a good gross profit. Our client offers newspapers and magazines, tobacco products, greeting cards, confectionery, and convenience items.

The shop is an off licence and full convenient store, which also has a full lottery and scratch card terminal.

We feel there is scope to increase the turnover by extending the range of convenience items offered, as well as extending the opening hours.

The newsagents are very popular within the area and benefits from a very loyal customer base with a lot of repeat trade.

The premises have been fitted to a high standard and well-maintained throughout.

We feel this is an excellent opportunity for a new owner, possibly a partnership team, to take this thriving business to the next level; therefore, early viewing must come highly recommended.

Location
Leeds is the third largest and one of the fastest growing, greenest cities in the UK.

A thriving economy boasting strengths in financial services, legal, manufacturing, health and retail, Leeds has excellent road, rail and air links, providing a gateway for tourist and business visitors to the region.

Trinity Leeds, the £350 million retail development reinforces Leeds as one of the finest shopping destinations in the UK.

Situated in a busy shopping Centre with lots of passing trade.

Premises
Good signage to the front with large open plan from the shopping Centre.

Main retail area with racking to perimeter walls, long serve over counter with cigarette gantry and further shelving behind.

Equipment

• 4-meter chiller
• 2-meter dairy chiller
• Ice-cream freezer
• Computer equipment
• 3 coffee machines

Tenure
We are advised the business is being sold as a Leasehold.

Original lease length: 5 years.
Remaining lease length: 5 years as of 2018.
Review period: 2 years.
Rent: £14,500 per annum.

Business Rates £7500

Hours
Monday 7.30 am – 8.00 pm

Tuesday 7.30 am – 8.00 pm
Wednesday 7.30 am – 8.00 pm
Thursday 7.30 am – 8.00 pm
Friday 7.30 am – 8.00 pm
Saturday 7.30 am – 8.00 pm
Sunday 10.00 am – 5.00 pm

Staff
The business is run by our client with the help of two part time staff.

Financial Profile
Trinity News generated an advised turnover of circa £350,000 as of the 2017 accounts.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04488
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