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Well Established Convenience Store For Sale

Leeds, West Yorkshire
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Well Established Convenience Store For SaleWell Established Convenience Store For Sale
  • Leasehold: £29,995
  • Turnover: £312,000 £6,000 Per week
  • Net Profit: Not Applicable

Business Details

Business
Please quote reference B06458

Hilton Smythe is delighted to bring to the market a fantastic opportunity to purchase this well-established and busy convenience kiosk with fantastic potential. 

The newsagents is a well-run and popular local business located within the popular and busy Leeds City Centre. The business has been in operation by the current owners for a number of years and is now on the market as our client looks to pursue other business interests .

The business offers convenience items including confectionery, newspapers, hot and cold drinks, tobacco and vaping products, lotto sales and also has pay zone facilities for customers.

We feel there is scope to further increase the turnover for the business, by undertaking a robust marketing campaign via local press, radio, and social media platforms. A new owner may wish to introduce some further products and services to help increase turnover.

The follow is included in the sale:

  • Till
  • Bean to Cup Coffee Machine
  • Confectionary stand 
  • Single door upright chiller
  • Double door upright chiller
  • Chest Freezer
  • Counter unit
  • Display counter unit
  • Perspex night sheets
  • News and magazine racks x2
  • Kettle
  • Tea Coffee Sugar containers
  • SIM card and mobile accessory stand
  • Rizla stand
  • Certificate display picture frame
  • Overhead heater
  • Various storage shelves 
  • Bin
  • Sack Trolley
Very rarely do such well-established, popular businesses come to the open market, therefore early viewings are highly recommended.



Location
The business is located in a prime trading location on New Market Street in the heart of Leeds city centre. Ideally situated in an area teaming with footfall from both shoppers and commuters alike leading to an exceptional level of passing trade.



Premises
The business is located in a purpose built lock up kiosk facility, comprising, service counter located onto the street, with various racking and shelving located throughout the premises, with ample storage located to the rear.



Tenure
We are advised the business is being sold on a Leasehold basis with 20 years remaining on the Lease, the rent is £1540 per month.



Hours
The business trading hours are as followed:

Monday to Friday - 05:30am - 18:00pm

Saturday - 09:00am - 18:00pm

 



Staff
The business is run and managed by 1 full time and 1 part time staff member. A third staff member will shortly be added to the business.



Financial Profile
We are advised the business generated a turnover of circa £312,000, further financial information available upon request.

Please quote reference B06458



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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Rest your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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