Retail Space for sale in Leeds

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Retail Shops - Retail Shop

Leeds, West Yorkshire, England

  • Leasehold Price: £25,000  Price Reduced arrow_drop_down
  • Annual Turnover: £105,500
  • Annual Net Profit: £35,250
Seller Reference: 7283
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Business Description
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Seller Reference: 7283
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Business Description
Established and profitable themed gift shop, trading in store and online, reporting growth year on year
For sale is a themed gift shop selling Yorkshire gifts and souvenirs right in the heart of Yorkshire - Leeds, a city where its strength is retail.

The shop is located in the Leeds Corn Exchange, one of Britain's finest Victorian buildings and a Grade 1 listed building in the heart of Leeds city centre. It's home to over 30 independent shops, cafes, boutiques and salons.

The business has grown year on year since opening in 2015 with much opportunity to grow the further both in store and online.

Currently sales are made in store and online through our own eCommerce website and other external eCommerce platforms. It's roughly a 80/20 split with the majority of sales made through the physical shop. There is a big opportunity to expand sales online through advertising which has not yet been done.

The business has a broad range of customers from proud Yorkshire folk, tourists, students and local businesses.

During the past year we introduced our own merchandise and gifts branded with the strength of our brand and which were created by myself and will all be included as part of the sale. There is a business opportunity to wholesale these items which has not yet been explored. This 'own branded' merchandise has increased turnover and profit margins over the past year which is not reflected in the turnover and net profit stated above (as year end accounts 2017/18 have not yet been completed).

The shopping centre is currently being renovated in stages (don't worry most of the work has been completed and does not affect trade) the biggest stage is yet to come and the centre will have a dedicated floor of eateries with a new food court which will provide further footfall for the shopping centre and growth for the business.

Due to its historical value and landmark status there will always be a focus on the building and shopping centre who's strength is independent trade. It attracts tourists all year round and is loved by locals.

The business is currently run by one person (the owner) with support from family and friends.

I have numerous ideas for growth of the business which I am happy to share with the buyer.

I am looking to sell the business to concentrate on new businesses ventures in a different location.

Full support will be offered for a number of weeks to handover the business to the new owner.

Great benefits of the business include:

Business is located in an historical landmark
Shopping Centre location
Zero Business Rates
Low running costs
No staff (to hand over at sale)
Security (provided by the shopping centre)
Marketing (provided by the shopping centre)
Established eCommerce website
Active social media accounts with genuine followers

Hours of Business:

Monday - Friday 10:30am - 5:30pm
Saturday 10:00am - 6:00pm
Sunday 10:30am - 4:30pm

Business hours can be scaled up or down. There is opportunity to open slightly longer hours or look to close a day.

Get in touch with any questions!
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