Old Established Newsagent in Greater Manchester For Sale

Situated in a Parade, excellent main road trading position, residential and commercial area, MANCHESTER.

Turnover £ 2,800
Price £45,000

Features

Old Established Newsagents

FORECOURT TO FRONT WITH PARKING 1 CAR

SINGLE FRONTED PREMISES in the region of 480 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with LED Panel lights, sales counter, cigarette draw, EPOS till, modern adjustable shelving, drinks display fridge (glass fronted upright double-door), open cool display unit (2.25 metres), CCTV system (2 cameras, 7 monitor).

Store room.
Staff Toilet with w.c. and wash hand basin.
Kitchen / Staff room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,800 p.w. with a Gross profit of 25% approx.. Wholesale newsbill £350 - £400 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

PAY POINT £5 per week approx.
NATIONAL LOTTERY £5 per week approx.

Staff

The business is at present operated by the Vendor & son team 2 news rounds, delivery charge £3 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 7pm
SUNDAY 8am - 4pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (vendor) 16 years full repairing and insuring lease with rent reviews every 4 years at a current rent of £8,400 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2014, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

THE INTRODUCTION OF AN OFF LICENCE WILL NOT BE ALLOWED

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION (£12,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 22,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote