Blacks Brokers are delighted to bring to the market this very well established leasehold newsagents in the market town of Ossett, which itself is within the City of Wakefield, West Yorkshire in the North of England. The business is available on a leasehold basis as business however our seller may also consider selling the freehold which would also include large 3 bedroom living accommodation.
Hitch Newsagents (Super Shop) is a family business established back in 1972 that is now in the second generation of long term ownership. During this time, the business has proved both popular and profitable, maintaining the essence of a traditional newsagents with friendly customer service to a large and loyal customer base. The foundation of the business continues to be its now substantial delivery rounds which naturally maintains the sense of community to owner and customers alike. There are 14 rounds on weekdays and 12 on Sundays.
As can be seen from the financial information detailed, our seller has made the difficult decision to place the business on the open market for the simple reason of wanting to sample alternative ways of generating an income. This presents the appealing opportunity for new owners to purchase this long established and desirable business. Our sellers also own and reside at the property and therefore would be offering a brand new lease to the new owners for the business. Further financial details and accounts can be made available to interested parties upon a viewing appointment.
Hitch Newsagents operates from a bespoke semi-detached, stone built property and enjoys an excellent trading position on Dale Street at a busy crossroad junction with Church Street and Prospect Road. In this market town, there are a mixture of independently owned businesses and multiples.
The premises has a use class of A1 (Shops) and the domestic living accommodation, which is not included in the leasehold price, is self-contained and does not affect the running of the business. The ground floor consists of a brightly lit retail area of approximately 500 sq ft with a counter to the rear. There is also a secure store area and kitchen area. The domestic accommodation also spans part of the ground floor and has separate ground floor access and includes two double bedrooms, one of which has en-suite and a third single bedroom.
Hitch Newsagents enjoys regular and loyal trade from the local community together with a good deal of passing trade and generates a healthy gross profit of 30% and strong net profit. Other than the newspaper delivery staff, the business is family run.
It is quite rare that a business with such a long established family ownership comes to the market and if you require any more specific information or wish to arrange a viewing, please contact our offices.
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