* REDUCED * Luxury Newsagents in an affluent area of West Yorkshire *Asking price Negotiable *

Bramhope, West Yorkshire
REF: R07208

Asking Price:
£49,950
Annual Turnover:
£273,781
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: R07208
Photo of * REDUCED * Luxury Newsagents in an affluent area of West Yorkshire *Asking price Negotiable *
Photo of * REDUCED * Luxury Newsagents in an affluent area of West Yorkshire *Asking price Negotiable *
Photo of * REDUCED * Luxury Newsagents in an affluent area of West Yorkshire *Asking price Negotiable *
Photo of * REDUCED * Luxury Newsagents in an affluent area of West Yorkshire *Asking price Negotiable *

Overview

Tenure:
Leasehold
Established:
1969
  • Excellent Reputation
  • Huge growth potential
  • Very Loyal Customer Base
  • Well Equipped Business

An upscale convenience store situated on the main road in Bramhope, picking up plenty of passing trade. This busy and extravagant convenience store is truly one of a kind, boasting a large selection of beautiful and unique greeting cards. This is in addition to the typical products you’d expect such as confectionary, beers and wines, but on a much larger scale than most other shops.

The owner works part-time and employs 3 long term loyal staff who essentially manage the day-to-day operation of the store, which brings in footfall of up to 200 customers a day. This busy store is the perfect opportunity for someone who’d like to either take over and run it on their own, with their family, or employ full time workers to manage it.

With the owner now going into retirement they need to find somebody to take over the lovely newsagents that they have been running for over 10 years (established over 50 years), so whilst they’re really sorry to see it go, they’re unfortunately unable to manage.

The pictures really don’t do this business justice, it is a one of a kind shop that generates high margins and strong profit from all the lovely customers around this great area.

The premises itself boasts a corner position on the main road, with a small lawn outside with floral feature at the centre. Customers enter through the double-fronted shop into an open plan store with items very well organised throughout. There is a large magazine & newspaper rack, fridges and freezers for cold items, and shelving for all other items, including a sizeable card display. Directly ahead is a serving counter displaying lottery tickets and an EPOS till, with spirits and jarred confectionary behind. The shop is secured with a full CCTV system. All fixtures and fittings are included in the sale,

This is a brilliant opportunity to take on a lucrative convenience store with a high-profit margin, which enjoys a large base of local customers and a fantastic location.

Ideal for someone who has run a newsagent or Post office and is looking for a second venture, the business can be developed by a new owner.

As the store used to have a Post Office on site, this could be reinstated to gain further profit. Introducing services such as Payzone and parcel collection would also be a great way to attract new custom. Opening past 6:30 pm during the week would also allow for more visits from loyal customers and would increase alcohol sales.

The current owner would be willing to stay on for a transitional period to hand the business over smoothly.

Location

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  • High Street Location
  • Limited Competition
  • Residential Location
  • Close to Local Businesses

Property

Annual Rent
£16,200
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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