Reputable Newsagents in Wakefield

Normanton, West Yorkshire
REF: R06687

Asking Price:
£15,000
Annual Turnover:
£117,647
Annual Net Profit:
TBC
Featured
REF: R06687

Overview

Tenure:
Leasehold
Established:
1980
  • Loyal customer base
  • Densely populated location
  • Low overheads
  • Wide range of products
  • Friendly, helpful service

This is an excellent opportunity to purchase a well-established Newsagents store situated in West Yorkshire.

Established in 2006, the business benefits from a loyal customer base attracted by the store’s wide range of stock and accessible position. Such features have helped the business to generate an impressive annual turnover year on year.

The new owner would not only take hold of the store’s fantastic reputation for friendly, helpful service, but also its well-stocked premises in a densely populated area. Available on a leasehold basis, rent is payable at a rate of £2,900.

Selling everyday items such as confectionery, toys, newspapers, magazines and tobacco, the store has gained great financials and a reputation for highly competitive prices.

The business runs from a compact yet well-stocked premises. Upon entry, customers are greeted by fridges and freezers to the right, containing ice creams and drinks, as well as a large aisle straight ahead filled with confectionery. Various toys are also displayed on shelving above and there is a very large stock room to the rear.

The store is a council property with a 20-year lease and a very low rent of £2,900 per annum. With little need for advertising, the store has experienced consistently high levels of trade due to its prime location and varied stock.

Operating profitably for over 12 years, the business benefits from low overheads, a densely populated location and the potential to greatly increase its turnover.

Ideal for someone with an already established retail business looking to add to their portfolio, or an individual with the drive to own their own business, the store could be grown to fulfil its potential. Increased local advertising through leaflet drops or social media would be beneficial in widening the shop’s influence and gaining more customers. Opening past 7 pm throughout the week and selling alcohol would inevitably generate a higher turnover, as would introducing a delivery service.

The existing owner would be willing to negotiate a transitional period in which they would hand the business over to its new owner.

Loading...
  • Within a parade of shops
  • Residential area
  • Close to complimentary businesses
  • Free parking available
  • Easily accessible
Rent
£3,900
Rates
TBC
Lease Term
TBC
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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

Refine

Miles
£
£
£
£