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Popular Town Centre Location
Annual Turnover £338,000
Gross Profit £67,600
Spacious Terraced Property
Well Established Business
Excellent F&F Throughout
1 Bedroom Accommodation
Scope For Additional Bedroom
Alcohol Licence in Place
Hermes Parcel Drop Off
EPC - E
REF 6680 – Freehold Newsagents & Accommodation
Blacks Brokers are pleased to bring to the market this freehold newsagents and accommodation located in the busy town centre of Tyldesley, Greater Manchester.
Monks Newsagents has been trading on Elliott Street for over 40 years. Our client took ownership in 2014 having been attracted to this area by the high amount of footfall and local residents. The shop is very well known and has a good reputation with a large base of regular customers and offers a range of services from the usual newspaper and magazine sales to cash withdrawals, greetings cards, groceries and parcel drop off.
The business is positioned on a busy main road in the heart of Tyldesley centre. The area is filled with a range of independent businesses such as craft shops, opticians, eateries and shops as well as large multiples such as Aldi, B&M and McDonalds. The area is well linked by the M61 and the A580 with good public transport links and free parking is available in the immediate vicinity.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, the business is now offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
This is predominantly a freehold proposition, however a leasehold option can be made available if preferred and this would be fully negotiated with our client.
The business is currently operating with our client and partner only working on a full time basis.
Monks Newsagents has traded well during the last five years. We are advised that the business currently has annual turnover of £338,000 with gross profit of £67,600. Full financial details are available upon viewing.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This freehold business occupies a superb trading position in a busy area of Tyldesley. There is plenty of scope to develop the business further with some modernisation and a strong marketing drive. Our client may consider a leasehold sale and this can be negotiated with our client if preferred. This proposition would ideally suit an owner operating team who could push the business forward, building upon the solid and impressive trading foundations. Early viewings are strongly advised.
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SUN: 06:00 - 16:00
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