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Retail premises for sale

£27,000

160 Mill Street, Leek ST13

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Property description

Business
Hilton Smythe welcomes to the market Mill Street News, a well established newsagents servicing the local community.

Run by the current owner for the last four and half years and sadly offered for sale due to our client moving onto new ventures. The newsagents currently sells; confectionary, soft drinks, tobacco, greeting cards, magazines, newspapers and a small line of grocery essentials. The business benefits from offering a newspaper delivery service in the area.

There is huge potential to increase turnover if the business expands its line of convenience items or applies for the appropriate licence to retail alcohol which will inevitably increase footfall and revenue.

The business also has a payzone, and profits could be increased with the introduction of lottery sales.

Location
The business is located in the market town of Leek, Staffordshire. Situated on the busy A523 Mill Street. The business is sited in the middle of a retail parade of shops, in close proximity to a large residential area.

Mill Street News services a large densely populated residential area and is in close proximity to many local businesses in the area, therefore the business benefits from high passing trade.

Leek is at the foot of the Peak District National Park as is often referred to as the gateway to the Peak District. The town has a regular cattle market bringing visitors to the area and reflecting its role as a centre of local farming.
Premises
This double fronted terraced business briefly comprises:-

Ground Floor – retail unit comprising large sales area with display shelving to the perimeter, and large gondola in the centre. To the rear, serving counter with cash register, confectionary display and cigarette kiosk. The serving counters are themselves display cabinets of wood and glass construction.

To the rear, there is a small area leading to a toilet, wash basin and exit to rear yard. To the very back of the premises lies a good sized storage area with shelving. This area is also used as an office.

The retail area has a small chest freezer and stand up chiller owned by the business, with two further drinks chillers on full repairing leases.

The business benefits from good fully visible signage to passing vehicles and customers on foot.
Tenure
We are advised the business is Leasehold.

The lease has just been renewed with rent at £3,500 per annum.
Hours
The business currently operates:-

Monday to Friday 5.30am – 5.00pm

Saturday 6.30am – 1.00pm

Sunday 6.30am – 11.00am

As previously mentioned if the licence is permitted to serve alcohol and the range of convenience items is increased, the business would also benefit from increasing opening hours to further service the local community.
Staff
The business is currently owner run and managed with the assistance of one part time member of staff.

Financial profile
The business has a reported turnover of £205,000 with reported gross profit of £35,000.


What Zoopla users think of Leek

Overall rating:

  • currently 4 stars
Very good - 75% (47 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
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  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
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  • 4
  • 5
Transport & travel
  • currently stars
  • 1
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  • 5

Nearby transport

  • Congleton (7.4 miles)
  • Kidsgrove (8.9 miles)
  • Longport (8.9 miles)
  • Manchester International Airport (19.6 miles)
  • East Midlands Airport (35.1 miles)
  • Liverpool John Lennon Airport (37.2 miles)
  • Liverpool Pier Head Ferry Terminal (44.8 miles)
  • Liverpool Isle of Man & Dublin Terminal (44.9 miles)
  • Woodside Birkenhead Ferry Terminal (45.0 miles)

Nearby schools

View all schools in Staffordshire Moorlands
  • St Mary's Catholic Academy (0.4 miles)
  • Westwood First School (0.4 miles)
  • Woodcroft First School (0.8 miles)
  • Westwood College (0.9 miles)
  • Leek High School (1.0 mile)
  • Biddulph High School (5.7 miles)
  • St Edward's Church of England Academy (0.5 miles)
  • Churnet View Middle School (0.9 miles)
  • The Meadows School (1.0 mile)
Note: Distances are straight line measurements

Local info for Staffordshire Moorlands

About the neighbours in ST13

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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