REF 5821

Newsagents Kiosk in Town Shopping Centre

Sunderland

Location

Situated in a prime location in the town centre of Sunderland, this business can be found within the popular Bridges Shopping Centre containing over 85 stores. The centre is located within a catchment zone of a densely populated area thus resulting in high levels of footfall.

The business is also adjacent to Jacky White's Market which contains a multitude of amenities and draws in a wide range of customers resulting in the unique opportunity to appeal to an expanding market.

Business

This is a very well established business that has been operating for 40 years and it is now the only newsagents in the Bridges Shopping Centre. As well as newspapers and magazines they also stock a wide variety of goods that include soft drinks, sweets, confectionery, tobacco and e-cigarettes.

They currently have one paper round in which they deliver to a local jewellery store everyday, this provides an excellent opportunity to expand and increase these rounds to more businesses with more routes.

This Business is run by the owner with the assistance of a non-contracted member of staff on Saturdays between 7:00am – 5:30pm.

Opportunity

The current closing time is 3:30pm due to the vendor's ill health which is also the reason for sale. Opening hours could be extended to at least 5:30pm as required by the Bridges Shopping Centre.

We are advised sales were avg. £5,500 prior to lockdown restrictions.

The new owner can also open the kiosk on Sundays in line with the shopping centre's trading hours of 11:00am – 5:00pm. These hours can further be extended during holiday periods.

On-Site Services

There is the potential to introduce Lottery & Paypoint to this business.

F&F's

One Standing Drinks Chiller (owned by Coca Cola)

Staff Employed

Owner Run Staff Employed a non-contracted member of staff

Trading Hours

Monday to Saturday – 7:00am-3:30pm (currently reduced)
Sunday – Closed

Premises Licence

No Premises Licence

Property Type

A1 Retail

Tenure

Leasehold

Retail Measurements

Ground Floor
Retail zone 4m² (43ft²)

Total 4m² (43ft²)

Notice

All information provided is subject to the standard terms and conditions of A1 Businesses Ltd. (trading as A1 Businesses for Sale). See our disclaimer page for more details.

Viewings

Any viewings for the business and/or property are to be made strictly by appointment only through A1 Businesses for Sale. No approach should be made directly to the owner or any of their employees.

Annual Rent
£9,424.68

Service Charge
£80/year

Annual Turnover
£234,000

Rateable Value
£3,740

* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) click here for more information

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