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Business Hilton Smythe welcomes to the market the busy and long established Hunslet News.
This excellent family business has been owned by our client for over 10 years and has been established for at least 30 years. Our client is reluctantly selling due to the desire to relocation.
Although principally a newsagents, the business has the benefit of a currently unused alcohol licence; which provides a realistic potential for further substantial trade and profit if used.
The business sells newspapers, magazines, confectionery, tobacco, cigarettes, cold drinks, greeting cards, household items, gifts, groceries, ice creams and other sundry items.
It also has PayPoint and full National Lottery facilities.
The shop has been well-maintained by our client to a high standard. The fittings and decor are also of a good standard.
The business has an excellent reputation with a high level of repeat customers.
The first floor of the premise is presently used as a stockroom only. This large room could easily be converted to provide extra retail space or could even be sublet.
The business has massive potential to expand if the alcohol licence was to be used; the first floor was converted; the store opened on a Sunday and the opening hours were to be extended.
This is a tremendous opportunity for a new owner to buy and develop a long established and profitable newsagents with genuine massive potential.
The asking price has been reduced dramatically to facilitate an early sale.
Location Hunslet News is located on the edge of the bustling Penny Hill Centre in Hunslet on the outskirts of Leeds.
Hunslet is a densely populated location, from which the business benefits a good mix of commercial businesses and residential areas in the vicinity.
Passing footfall and traffic is very high with a main bus terminus in front and the Penny Hill Centre behind.
There are good parking facilities in the area including a free private car park behind. Premises The business is set within a parade of shops and retail units on the edge of a busy shopping centre. The attractive shop is accessed from a busy pavement area.
The entrance door is between 2 display windows.
There are sweet machines and a children’s coin operated toy car ride outside.
The sales counter is at the back of the shop with sales units and shelving displaying the range of items for sale to the front.
To the rear is a good sized stock room and kitchen.
The exterior rear door leads to a private free car park.
An internal staircase leads to a very large first floor room used presently as a stock/store room with 3 toilets at the end.
There is an emergency fire escape from the first floor.
The premises are shuttered front and rear and have the benefit of CCTV.
The sale includes: -
Electronic epos till
4 drinks fridges
Ice cream freezer
CCTV system tenure We are advised that the premises are of Leasehold tenure.
The Lease has just expired but the Landlord is willing to grant a new 10 year lease with 5 yearly reviews.
We are advised the rent will be circa £24,500 under the new Lease. Hours Monday to Friday: 7.30am – 5.30pm
Saturday: 7.30am – 4pm
Sunday: Closed staff The business is run by the owner with 2 part time assistants.
Staff costs are approximately £7,500 per annum. Financial profile We are advised that the current turnover is approximately £450,000 per annum, with a gross profit of 20%.
Business rates payable are circa £9,000 per annum.
Stock is valued at around £10,000.
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currently 3.5 stars
Good - 74%
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For more information about this property, please contact Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)
Contact Hilton Smythe Commercial about this property
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.