Hilton Smythe is delighted to welcome to the market this well-established and busy newsagent business, ideally located in Rochdale town centre, Greater Manchester.
The old established business has been in our client's careful ownership since 1999 and is only now being offered to the market due to our client's other business interests. The business operates 7 days per week and generates a turnover in the region of £625,000 per annum, with a good gross profit.
Our client offers a variety of goods, including newspapers & magazines, confectionery, greeting cards, the Lottery, pre-packed sandwiches and Pay Point, which is approximately £32,000 per week. Local council departments have a weekly newspaper order in place on a collect and pay monthly basis. The property boasts a spacious sales and display area and is very well maintained and decorated to a high standard.
The business has built up an excellent reputation within the area for the high quality of the goods and services 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 opening hours to cater for the early evening trade. A new owner could also embark on a modest marketing campaign to highlight the goods and services offered.
This is an excellent opportunity for a new owner to purchase a very profitable and busy newsagent business; therefore early viewing must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
New lease available.
Rent: £225 per week
HOURSThe business is open:
Monday - Friday: 6.00am - 6.00pm
Saturday: 7.00am - 6.00pm
Sunday: 9.00am - 4.00pm
STAFFThe business is owner run and managed with 2 x part time staff members.
FINANCIAL PROFILEThe business generates a turnover in the region of £625,000 per annum, with a good gross profit.
Fishwick News occupies substantial ground floor premises, ideally located within the popular market town of Rochdale in Greater Manchester. The business is situated within the centre of the town and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a very high volume of footfall. The business further benefits from good public car parking facilities within the area.
Rochdale is a lively market town in Greater Manchester and is positioned at the foothills of the South Pennines on the River Roch. According to the 2011 census, the town had a residential population of 88,068. Landmarks within the town include Rochdale Town Hall, which is widely recognised as one of the finest municipal buildings in the country.
The area of the business is well-served by the public transport system, with bus stops within easy walking distance of the property. Rochdale railway station is just over ½ mile away. The area is also well served by the A-roads, with the A58 being within easy driving distance, which links to the national A-road and motorway networks. Oldham is approximately 6 miles away and Manchester is 11 miles away.
Substantial ground floor corner premises in a prime trading location, briefly comprising:
Main sales area with:
Serve over display counter with electronic cash register and lottery terminal.
2 x double door drink chiller units.
2 x newspaper/magazine display units.
Dairy chiller unit.
Confectionery display unit.
Crisp display stand.
Greeting card display unit.