| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 783 TIME(S)
BUSINESS REFERENCE : 1594 / RightBiz HIGH TURNOVER FREEHOLD NEWSAGENTS | | | | | | HIGH TURNOVER FREEHOLD NEWSAGENTS - RADCLIFFE Large 3 bedroom accommodation over ground & first floors Double fronted extended premises, originally 2 properties | | | BUSINESS LOCATION: | Radcliffe Manchester UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SELLER: | Agent Sale | FREEHOLD: | £295000 | | | | | | | | | | | BUSINESS DETAILS: | HIGH TURNOVER FREEHOLD NEWSAGENTS - RADCLIFFE
Large 3 bedroom accommodation over ground & first floors
Double fronted extended premises, originally 2 properties
Superb main road location in busy residential area
Turnover £520,000 per annum (shop sales only)
Ideal husband and wife / family business
Additional £5,200pa lottery commission
Fully air-conditioned in sales area
Early viewing recommended
Genuine retirement sale
Sale price includes van
FREEHOLD
Location
The business enjoys a highly visible, prominent corner position on Stand Lane in a residential area of Radcliffe. Radcliffe is a popular market town situated North of Manchester and South East of Bolton and neighbours affluent areas such as Whitefield. The town is currently undergoing a multi-million pound revamp (under the banner of Reinventing Radcliffe), which will include town centre living, and a new state-of-the-art school. Radcliffe is superbly positioned to access the Manchester orbital M60 motorway which in turn provides acces to the entensive Nortwest motorway network.
Business History
Meridian Business Sales are delighted to offer to the market this highly profitable newsagents which has been established some 70 years and in the careful ownership of our clients since 1971. The only reason this superb concern is being offered to the market is due to our clients well deserved retirement. The business currently achieves an annual turnover in the region of £520,000, with a gross profit of 23%. The income is further enhanced be National Lottery sales with produce a commission of circa £5,200pa.
The shop is a pure newsagents with 16 morning rounds, 7 evening rounds and 9 Sunday rounds and there is huge potential to increase turnover by way of introducing more convenience lines and the sale of alcohol as currently the shop does not have a licence. There are no other shops in the area after the closure of the only other competition due to ill health, and subsequently our clients have enjoyed a monopoly trade.
There is also tremendous scope to increase the sales area by way of extending the property should the new owners desire. The accommodation is well sized and would comfortable accommodate family living, however there is also scope to let the accommodation as it is self contained. Early viewing is essential as the business and property are priced to facilitate a quick sale.
Financial Profile
Turnover: £520,000pa
Gross profit: 23%
Stock: £35-40,000 (approximately)
Lottery: £5,200pa
Tenure
We are advised freehold
Opening Hours
Monday - Friday - 7.00am - 6.30pm (Wed 7.30pm)
Saturday - 8.00am - 7.30pm
Sunday - 8.00am - 1.00pm
Accommodation
Imposing, double fronted, corner position property on main road, with extensive living accommodation, briefly comprising:
GROUND FLOOR
Main entrance with large display windows
Newspaper and magazine displays
Serving counter
5 tray confectionery stand
Lottery terminal
EPOS system
Scratch card display
Chewing gum stand
Cigarette gantry
Display shelving
Weigh-sweets display
Electronic scales
5ft drinks chiller
Greeting card display shelving
Central newspaper display
Sandwiches fridge
Photocopier
Rear storage pantry
Dining room with storage
Fully fitted kitchen, with cooker, microwave and fridge freezer, large room / office with storage, computer
FIRST FLOOR
Bedroom 1 - Large double with built in wardrobes
Bedroom 2 - Double with built in wardrobe
Bedroom 3 - Large single
3 piece bathroom
Large lounge with feature gas fire
Cloak room with storage
EXTERNAL
Large pavement / forecourt to front with security bollard
Gated, paved patio area to side with access to the accommodation, side forecourt with private parking space, storage shed, air-conditioning unit | | | | | CONTACT: | MERIDIAN BUSINESS SALES | | TELEPHONE: | 0845 222 0508 | | REFERENCE: | 1594 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
