Sold

Thriving Newsagent in Horsforth, Leeds For Sale

Leeds, West Yorkshire

£10,000 +SAV

Ref: 2283

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Description

Hilton Smythe is delighted to welcome to the market this well-established and popular newsagent business in the town of Horsforth, Leeds. The business was established in the 1930s and has been in our client`s careful ownership since 1987. Only now is the business being offered to the market due to our client`s desire for a well-deserved retirement. The business is open 7 days per week and generates a turnover in the region of £170,200 per annum, with a gross profit of approximately 25%.

Our client offers newspapers, magazines, stationery, greeting cards, tobacco products, sweets, crisps, ice creams and the National Lottery. The business has an excellent reputation within the area for the quality of goods and services offered, which has resulted in a very loyal client base, with a vast amount of repeat trade and word of mouth referrals. The property boasts a spacious sales and display area and is well-equipped to suit the trade and maintained to a very high standard.

We feel there is scope to increase the turnover by extending the opening hours of the business, as it is currently run at a pace to suit our client. There is also scope for a new owner to offer groceries, convenience items and hot and cold snack food. This is an excellent opportunity for a new owner to take this thriving newsagent business to the next level; therefore early viewing must come highly recommended.

Tenure

Leasehold

We are advised leasehold:

Original lease length: 10 years
Remaining lease length: 10 years
Review every: 3 years
Rent: £600 per month

Hours

The business is open:

Monday – Saturday: 5.00am – 5.00pm
Sunday: 6.00am – 12.00pm

Staff

The business is owner run and managed with 1 staff member.

Financial Profile

The business generates a turnover in the region of £170,200 per annum, with a gross profit of approximately 25%.

Location

NSM News occupies substantial ground floor premises, ideally located on a busy main road in the town of Horsforth, within the City of Leeds, West Yorkshire. The property is situated within a densely populated residential area of the town; therefore benefitting from a vast amount of footfall and passing trade. The business benefits from free on-street parking facilities within the area. Horsforth lies to the north west of Leeds and has a residential population of 18,928. The town is a popular pace in which to live and work, due to its close proximity to Leeds city centre.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Horsforth Railway Station is approximately 1½ miles away. The area is also well served by the A-roads, with the business being located on the A65, which links to the vast A-road and motorway networks. Leeds city centre is approximately 5 miles away and Bradford is 7 miles away.

Premises

Ground floor lock-up premises, briefly comprising:

Main sales and display area with:
Serve over counter with electronic cash register and Lottery terminal.
Tobacco gantry.
Racking and shelving to suit trade.
2 x cold drinks refrigerators.
Double ice-cream freezer.
Photocopier.
Newspaper/magazine display area.
Greeting card display area.
Stationery display area.

External:

Electric metal security shutters to doors and windows.
Large back garden area.
CCTV.

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