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Long Established Newsagents And Convenience Store For Sale

Rochdale, Greater Manchester
Asking Price:
£94,950
Turnover:
£162,917
Net Profit:
Available on request

Business
Newsagents and convenience store
Established 95 years
Owned by client 18 years.
Recently refurbished
Reason for sale – Our client owns other businesses.
Shop sells newspapers, magazines, cigarettes, tobacco, frozen goods, milk and dairy products, bread and cakes, confectionery, cards, crisps, hot coffee, cold drinks, ice cream,
Groceries, household products
Also has Lotto, pay point and pay zone
10 delivery rounds in morning 4 in afternoon
Potential to expand further with alcohol licence, extension of premises and greater use of retail space, and later hours
Recently secured dry cleaning contracts

Location
In a good residential area on the outskirts of Rochdale. Greater Manchester
On very busy Oldham Road – main Road with high volume passing traffic.
On main bus route
Close proximity to local primary school
Ample street parking to front and in area

Premises
Ground floor mid terrace shop
Well stocked

Sales counter, display units, shelving, wall units, ice cream freezer, 2 display freezers, fridges, shutters, cctv, security mirror, coffee machine, card machine.

Good sized shop with sales counter on entering, stock room to rear, kitchenette and toilet.

Large storage cellar underneath.

Tenure
Premises owned by our client who will grant a new Lease on terms to be negotiated
Client owns freehold of the premises and those next door/above. Would be willing to sell freehold upon terms to be negotiated .
Similarly owns most of row of properties in which business situated. Again would consider selling freehold.

Hours
The business operates 7 days a week from 5.00am to 8.30pm.

Staff
This is a family run business.

Financial Profile
We are advised:
As per 2016 accounts turnover is in the region of £163,000
Gross profit 13%
Exempt from business rates
News sheet bill £2500 per week
Good cash business

Property information

Property:

Leasehold

Contact Information

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  1. What will I happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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