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Thriving Newsagent for sale in Central Leeds.

Undisclosed, Undisclosed
Status
FOR SALE
Advert ID
215217
Reference
18012-90855 / Rightbiz
Leasehold Price: £70,000
Annual Turnover: £170,000
Annual Net Profit: £210,000

This successful and highly profitable business, is located on one of the main roads in Leeds city centre. The business is located in a high footfall area, which is best described as residential/commercial/retail/leisure, comprising of apartments, independent shops, a main shopping centre and supermarket, offices, bars, restaurants and clubs. There are several multi storey car parks within the vicinity.

The business has been growing and is successfully managed by the current owner, with the assistance of one member of staff, for the past 8 years.
The location of the business, combined with the owners friendly, caring approach to customers, has resulted in a loyal clientele resulting in high repeat business, and, due to its central location, significant passing trade business.

The business currently will turnover around £170,000 in 2017.
The current owner feels that there is a major opportunity to significantly increase turnover further, by applying for an alcohol retail license with Leeds council

Staff overheads are low. There is currently 1, member of staff
•The business premises are leased. The lease has currently over 6 years before expiry, and the current owner will help the new owner, with the transfer of the lease with the landlord.
•Rent is £7,150 per annum
•Lease – there is currently over 6 years left of the lease to run
•Shop Area is around 440sq ft,

Turnover projection for 2017
£170,000
Owner Earnings projection for 2017
£40,000

The current owner has been growing this business over the past 8 years. His t/over this year is £170,000, and he manages the business with 1 member of staff

•Staff overheads are low. There is currently 1, member of staff 
•The business premises are leased. The lease has currently over 6 years before expiry, and the current owner will help the new owner, with the transfer of the lease with the landlord. 
•Rent is £7,150 per annum 
•Lease – there is currently over 6 years left of the lease to run 
•Shop Area is around 440sq ft, 

Turnover projection for 2017 
£170,000 
Owner Earnings projection for 2017 
£40,000 
Contact the business broker, Peter Parfaniuk, Transworld, on 07808 716052, for further information

Executive Summary 

This successful and highly profitable business, is located on one of the main roads in Leeds city centre. The business is located in a high footfall area, which is best described as residential/commercial/retail/leisure, comprising of apartments, independent shops, a main shopping centre and supermarket, offices, bars, restaurants and clubs. There are several multi storey car parks within the vicinity. 

The business has been growing and is successfully managed by the current owner, with the assistance of one member of staff, for the past 8 years. 
The location of the business, combined with the owners friendly, caring approach to customers, has resulted in a loyal clientele resulting in high repeat business, and, due to its central location, significant passing trade business. 

The business currently will turnover around £170,000 in 2017. 
The current owner feels that there is a major opportunity to significantly increase turnover further, by applying for an alcohol retail license with Leeds council 
Contact the business broker, Peter Parfaniuk, Transworld, on 07808 716052, for further information

Listing Details
Location: Undisclosed, Undisclosed
Sector: Newsagents
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Advert Reference: 18012-90855 / Rightbiz

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