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Established Newsagents Business In Salford For Sale

Salford, Greater Manchester
Asking Price:
£99,950
Turnover:
£780,000
Net Profit:
Available on request

This well established business has been owned by our clients since 2005 and is only for sale today due to ill health. The business achieves its current level of turnover whilst offering further potential for an enthusiastic owner operator to increase the takings, by way of, for example, introducing delivery rounds.

Property information

Property:

Leasehold

Lease Terms:

10 year lease from 2015, 5 year review

Leasehold Rent:

£25,844 per annum

Location:

The business is ideally located within a purpose built shopping precinct, surrounded by numerous businesses, shops, offices and benefiting from high levels of passing trade.

Premises Details:

The electrically shuttered premises provides shop floor with good sized service counter, small store room, office, and exit to deliver/bin area. The 1st floor provides 2 good sized store rooms, small kitchen area and staff WC facilities.

Energy Performance Rating:
F

Business Operation

Competition / Market:

• Taking £15,000 per week plus £9,000 Lottery & £65,000 Paypoint/Payzone
• Within purpose built shopping centre
• Surrounded by numerous businesses, shops and offices
• Only for sale due to ill health
• Scope to introduce newspaper delivery rounds
• Very high levels of passing trade
• Rent £497 per week including VAT
• Service charge £145 per week including VAT
• Hours of opening 6:00am – 7:30pm Monday to Friday & 7:00am – 4:30pm Sunday
• 10 year lease from 2015, 5 year reviews

Trading hours:

6:00am – 7:30pm Monday to Friday & 7:00am – 4:30pm Sunday

Contact Broker

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