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Established Off Licence/newsagents - Stockport For Sale

Stockport, Greater Manchester, UK
Asking Price:
£419,995 Furniture / Fixtures included
Turnover:
£416,963
Net Profit:
Available on request

Affluent Trading Area
Accounts Available Year End 31st May 2020
Annual Turnover £416,963
Gross Profit £100,882
Accounts Available After Viewing
Owner Operator
No Staff
Established 2008
Ill Health Sale
No Immediate Competition
Newspaper Delivery Service In Place
Potential For Online Sales
Scope To Expand Product Lines
Potential For Longer Opening
Scope To Introduce Delivery Service
EPC - TBC

REF 7336 – Freehold Off Licence/Newsagents
Blacks Brokers are pleased to bring to the market this freehold off licence/newsagents located in Stockport, Greater Manchester.

INTRODUCTION
News Plus was established by our client in this affluent area of Marple in 2008. The business offers a range of wines, beers and spirits as well as news sheet items and a small amount of convenience products. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation. At present, the business does not have a website or social media presence.

LOCATION
News Plus occupies a main road trading position within a row of residential properties. The area is densely populated with little competition nearby. There are also a number of other local amenities nearby including schools and takeaways. The area is well linked by the A6 with very strong public transport links and parking is available to the side of the property and on the roadside.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but sadly due to ill health, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

STAFF
The business operates with our client and partner only in full time employment.

FINANCIAL DETAILS
News Plus has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 31st May 2020 show that the business has an annual turnover of £416,963 with a gross profit of £100,882. Full financial information is available upon request.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This well established business occupies an enviable trading position in an affluent area of Stockport. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and longer opening hours, possibly a delivery service where appropriate and a new online and social media presence would be helpful. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations whilst living on site. It could also be of great interest to an investor looking to let both the business and accommodation. Early viewings are strongly advised.

Property Information

Property:

Freehold

Business Operation

Trading hours:

MON - SAT: 07:00 - 21:00 SUN: 07:00 - 13:00

Contact Blacks Business Brokers

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