Asking price: £99,950

Sales revenue: £728,000

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This Newsagents presents a fantastic opportunity for any purchaser to take over the running of a fantastic business with real scope for growth.
Citi News is well fitted to a very high standard including CCTV.
The business stocks a variety of products with a large news round and counter news, drinks, confectionaries, DVD’s and mobile phone.
Citi News is well established and has a superb reputation locally. The business has a large following of loyal customers who use its services on a daily and weekly basis.
The current owner is reluctantly selling the business due to ill health and believes that the business has hug development potential.
The business is ran on relatively short hours and there is certainly scope to open the business into the evening to supply the demand.
There would also be scope to introduce an off licence side to the business which would undoubtedly provide an increase in turnover.
We believe this business would suit a couple or partnership who can run the business between them and push the business to the next level.

Property: Leasehold

Location
The Citi News Newsagents is situated to the West of Leeds city centre in the LS12 postal code.
Citi News trades from an imposing corner position on the towns busiest main road, Town Street.
Town Street has an abundance of independent retailers which are currently thriving in the current climate as well as having a number of national brands.
Armley is a well populated and community based suburb of Leeds with a growing population including students and families. The business serves a densely populated area of residential dwellings.

Reasons for selling
Retirement/Ill Health.