Hilton Smythe are proud to introduce to the market Eastgate News, the busy well stocked local newsagents has been established since the 1980's.
This beautiful double fronted property has been successfully run and managed by our clients since 2007. They are now reluctantly selling the business due to a well-deserved retirement.
The store generates an advised healthy turnover of £250,000 per annum, from selling a wide variety of products like magazines, greetings cards, cigarettes, confectionary and other conveniences.
They do also offer paypoint/payzone, scratchcards and news sheets There has recently been a lottery terminal fitted.
Throughout March to October the business offers a delivery service on weekends, for newspapers etc. to a well-established caravan site. They also currently run a delivery service to local residents around Pickering.
This premises have been fitted to a high standard, and certainly looks its part within this fantastic affluent town. We advise a husband and wife team to take over at this business, to help build and flourish this business even further.
TENUREWe are advised that the business is a leasehold
Original length of lease 20 years
Remaining years of lease 15 years
Rent £2,040 per quarter
HOURSBusiness opening times
STAFFThe wife and husband team run and manage the business.
FINANCIAL PROFILEWe are advised the turnover for the business is around £250,000
Eastgate News is ideally located in the bustling town centre of North Yorkshire.
This business is within the town centre Eastgate in Pickering, surrounded by complimentary businesses, like the restaurants next-door and within walking distance is rows of stone built houses. This store is in perfect setting within this well-known tourist town and with free street parking, this store thrives from the busy footfall of the area.
There is a bus route at the front of the property, which goes through to Leeds City Centre or in the opposite direction Whitby.