Newsagents for sale in Leeds, established convenience store with growth potential
Leeds, West Yorkshire
- Status
FOR SALE
- Advert ID
653416
- Reference
591655 / Rightbiz
- Call Agent:
- Leasehold: £250,000
- Turnover: £1,014,000 (£19,500 per week)
- Profit: Not Applicable
Business Details
Newsagents For Sale in Leeds
NEWS, TOBACCO AND CONFECTIONERY in Leeds for Sale.This is a highly visible and well-established convenience retail business occupying a prominent position on one of Leeds' busiest and most prestigious city centre thoroughfares. Benefiting from exceptional levels of pedestrian footfall, excellent transport links, and close proximity to major retail brands, offices, and commercial occupiers, the business enjoys a consistently strong trading position.
The premises have been immaculately fitted out and operate as a successful convenience store specialising in newspapers, tobacco products, vaping products, cold drinks, and confectionery. The business achieves an impressive weekly turnover of £19,000 to £20,000, generating an approximate 30% gross profit margin, making it a highly profitable operation.
Our clients have advised that the landlord would not object to the sale of alcohol, subject to the necessary licensing approvals. However, alcohol sales have not been introduced due to the current owners' religious beliefs, presenting an excellent opportunity for a new owner to further increase turnover and profitability.
The premises comprise a modern sales area with extensive glazed display frontage, a spacious counter area, basement storage, office accommodation, and staff WC facilities.
The current owners have successfully operated the business for over 20 years and are now offering it for sale solely due to their planned semi-retirement. EPC Band C
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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. Reset 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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