Retail Property (high street) for sale

Pontefract, West Yorkshire, WF8

Leasehold £43,500

Property Description

Commercial information

  • Business for sale

Key features

  • REF 12450 F
  • LEASEHOLD
  • NEWSAGENTS

Full description

Tenure: Leasehold

LOCATION
News Affair is located in Pontefract, West Yorkshire.

The store is situated within Pontefract market which is an indoor shopping centre with a range of retail outlets. The centre is located within the centre of the town and so sees a huge amount of footfall daily. In the shopping centre there are many independent stores and large chain brands such as Wilkinson Hardware, Thomas Cook Travel, Poundland, Clarks Shoes and more.

This is a bustling town centre with great public transport and road links. There are several train stations dotted around and many bus stops located throughout. The M62 motorway is just a short 10 minute drive from this area. The M62 runs around the centre of Leeds. Leeds is approximately just 16 miles away; an easy commute using the great road links.

BUSINESS
Hilton Smythe welcomes to the market News Affair. Our client has run the business since 2001. The owner is now looking to sell the business due to family reasons; this is a genuine reason for sale.

This is a general newsagents selling a range of confectionary products. They also sell newspapers and magazines, cigarettes and offer a Payzone and the Lottery. These generate a great extra income as follows-

Payzone - 48,000 per annum
Lottery - 240,000 per annum
News sheets - 25,200 per annum

The business also creates a healthy turnover from sales of around 330,000 per annum with a gross profit of 11.4%. This is a great turnover that could be increased by offering a delivery service for the newspapers.

Our client sees many regular faces and loyal clientele. Due to the location there is a heavy amount of footfall and much custom daily. There is a great turnover and excellent commission from its services.

This is a great business for a purchaser looking for a successful newsagents. Hilton Smythe highly advise early viewing for this well-priced business, to avoid missing out on this fantastic opportunity.

PREMISES
The business is located within an indoor shopping centre. The store is fully signed with stock displayed at the front of the store.

This is a well-stocked shop with perimeter shelving around. To the rear there is the service counter with counter top displays. There is a view of the whole shop from here. Behind the counter are further shelving units and a cigarette gantry. There are magazine and newspaper racks and also an open front drinks chiller.

Equipment included in the sale is as follows-
Shelving
Counter
Cigarette gantry
Drinks chiller
Till
Lottery terminal

There is security provided by the shopping centre. The store does also share facilities with the centre.

TENURE
We are advised the business is leasehold.
New lease available.
Rent: 499.03 per month

HOURS
The business opening hours-

Monday - Saturday: 8:30am - 5pm
Sunday: Closed

STAFF
The business is run and managed by our client with the help of 1 part time member of staff and other casual staff.

FINANCIAL PROFILE
The business generates a turnover in the region of 330,000 per annum.
Gross profit 11.4%
Payzone - 48,000 per annum
Lottery - 240,000 per annum
News sheets - 25,200 per annum


Nearest stations

  • Pontefract Baghill (0.3 mi)
  • Pontefract Tanshelf (0.4 mi)
  • Pontefract Monkhill (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Pontefract Baghill (0.3 mi)
  • Pontefract Tanshelf (0.4 mi)
  • Pontefract Monkhill (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 12450F. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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