Counter Newsagent in West Yorkshire For Sale

Sought after trading position, town centre, WEST YORKSHIRE

Turnover £ 13,500
Price £150,000

Features

Counter Traditional Newsagents

DOUBLE FRONTED PREMISES in the region of 885 ft², laminated strip floor, ceiling with LED lighting, sales counter, 2 EPOS tills, cigarette gantry, modern adjustable shelving, open cool display unit (3.75 metres), open cool display unit (2 metres), ice cream freezer, CCTV system (9 cameras, 1 monitor).

Stock room, freezer, shelfing.

Toilet with w.c. and wash hand basin..
Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £13,500 p.w. with a Gross profit of 22% approx. Wholesale newsbill £2,000 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £100 per week approx.
PAY POINT £20 per week approx.

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 6pm
SUNDAY 8am - 3pm

Outside

Shared Rear yard with parking

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2011 with reviews every 5 years (next review 2026) at a current rent of £22,000 p.a.

Business Rates from April 2023 £5,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO PERSONAL REASONS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£20,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote