For Sale

Long Established Newsagents and Convenience store

Rochdale, Greater Manchester

£79,950 +SAV

Ref: 13738 D

Contact sales negotiator

James Cunliffe

01204 556 300

Email James Cunliffe

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Description

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

Tenure

Leasehold

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

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.

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