Hilton Smythe is delighted to welcome to the market this very popular newsagent, café, bakery and takeaway business, which is ideally located within the busy town of Bolton in Greater Manchester.
The business was originally established in 1966 and has been in our clients' careful ownership since 1998. Only now is the business being offered to the market, due to our clients' desire for a well-deserved retirement. The business is priced to sell due to our clients desire to relocate abroad. The business currently operates 7 days per week and as per the 2016 accounts generated a turnover in the region of £320,200 per annum, with a gross profit of approximately 29%.
The newsagent side of the business offers a variety of goods including newspapers and magazines, convenience items, confectionery, stationery, greeting cards, fresh fruit and vegetables, to name a few. We are advised that there is an option to increase the sales area, should a new owner desire and to extend the lease if needed.
The main area of the business is Food to Go. High quality hot and cold take away food predominantly made on the premises, using the finest ingredients. It is the area along with the cafe where considerable growth can be achieved, particularly with demand for take home foods on the increase. Statistically almost 60% up in the last five years
The café, which has recently re-opened after an extensive refurbishment, offers high quality hot and cold café food and beverages, using only the finest ingredients.
The business has built up an excellent reputation within the area for the very high quality of the goods and food offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the range of food and products offered in the café. The café is currently not licenced, but there is potential to open in the evenings as a bistro. The business currently has a presence on the social media website Facebook, but would benefit from the launch of a website to promote the café.
This is an excellent opportunity for a new owner, perhaps a husband and wife or partnership, to acquire a very busy and lucrative business, therefore early viewing must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: 15 years with an option to extend this.
Remaining lease length: 5 years
Rent: £11,500 per annum
We are advised that there is the option to extend the lease to 15 years.
HOURSThe business is open:
Monday - Friday: 6.30am - 5.00pm
Saturday: 7.00am - 3.00pm
Sunday: 7.00am - 1.00pm
STAFFThe business is run by our clients with 1 x full time and 3 x part time staff members.
FINANCIAL PROFILEAs per the 2016 accounts generated a turnover in the region of £320,200 per annum, with a gross profit of approximately 29%.
Rushtons occupies substantial ground floor premises, ideally located within the vibrant town of Bolton in Greater Manchester. The business is surrounded by a wealth of complimentary shops and businesses, including a busy supermarket opposite, as well as densely populated residential areas, therefore benefiting from a high volume of footfall and passing trade. The business also benefits from excellent car parking facilities within the area.
Bolton is a bustling town in the North West of England and as of the 2001 census, the town had a residential population of 139,403. Landmarks in the town include the imposing neoclassical town hall, which was designed by William Hill and opened in June 1873 by the Prince of Wales.
The area is well served by the public transport system, with several bus stops within easy walking distance of the property. Hall i' th' Wood railway station is just one mile away. The area is also very well served by the A-roads, with both the A676 and A58 being within easy driving distance, which link to the national A-road and motorway networks. Manchester city centre is approximately 15 miles away and Blackburn is 12½ miles away.
Substantial ground floor, lock-up premises, in an ideal corner trading location, briefly comprising:
Main door leading to retail area with:
Newspaper and magazine display racking.
Pepsi Max branded double drink chiller unit.
Lucozade single drink chiller unit.
Central display racking.
Greeting card display units with storage drawers.
Racking and shelving to suit the trade.
4 x chest freezers.
Serve over chilled display cabinet with built in double refrigerator.
Café with 22 x covers to rear of shop.
5 x stainless steel work tables.
3 x small under-counter refrigerators.
2 x microwave ovens.
Four burner cooker.
Small commercial oven.
Sandwich and Panini press.
Commercial dish washer.
Large storage area.