Retail premises for sale in New Market Street, Leeds LS1

Retail premises for sale
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Property description

Please quote reference B06458

Hilton Smythe is delighted to bring to the market a fantastic opportunity to purchase this well-established and busy convenience kiosk with fantastic potential.

The newsagents is a well-run and popular local business located within the popular and busy Leeds City Centre. The business has been in operation by the current owners for a number of years and is now on the market as our client looks to pursue other business interests .

The business offers convenience items including confectionery, newspapers, hot and cold drinks, tobacco and vaping products, lotto sales and also has pay zone facilities for customers.

We feel there is scope to further increase the turnover for the business, by undertaking a robust marketing campaign via local press, radio, and social media platforms. A new owner may wish to introduce some further products and services to help increase turnover.

The follow is included in the sale:

  • Till

  • Bean to Cup Coffee Machine

  • Confectionary stand

  • Single door upright chiller

  • Double door upright chiller

  • Chest Freezer

  • Counter unit

  • Display counter unit

  • Perspex night sheets

  • News and magazine racks x2

  • Kettle

  • Tea Coffee Sugar containers

  • Sim card and mobile accessory stand

  • Rizla stand

  • Certificate display picture frame

  • Overhead heater

  • Various storage shelves

  • Bin

  • Sack Trolley

Very rarely do such well-established, popular businesses come to the open market, therefore early viewings are highly recommended.

The business is located in a prime trading location on New Market Street in the heart of Leeds city centre. Ideally situated in an area teaming with footfall from both shoppers and commuters alike leading to an exceptional level of passing trade.

The business is located in a purpose built lock up kiosk facility, comprising, service counter located onto the street, with various racking and shelving located throughout the premises, with ample storage located to the rear.

We are advised the business is being sold on a Leasehold basis with 20 years remaining on the Lease, the rent is £1540 per month.

The business trading hours are as followed:

Monday to Friday - 05:30am - 18:00pm

Saturday - 09:00am - 18:00pm

The business is run and managed by 1 full time and 1 part time staff member. A third staff member will shortly be added to the business.

Financial Profile
We are advised the business generated a turnover of circa £312,000, further financial information available upon request.

Please quote reference B06458

Arrange Viewing

For more information about this property, please contact
Hilton Smythe Business Sales, 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 Business Sales, and do not constitute property particulars. Please contact Hilton Smythe Business Sales for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation 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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