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Newsagent for Sale in Hyde Manchester in a Prime Location with Heavy Footfall

Hyde, Manchester
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Newsagent for Sale in Hyde Manchester in a Prime Location with Heavy FootfallNewsagent for Sale in Hyde Manchester in a Prime Location with Heavy FootfallNewsagent for Sale in Hyde Manchester in a Prime Location with Heavy FootfallNewsagent for Sale in Hyde Manchester in a Prime Location with Heavy FootfallNewsagent for Sale in Hyde Manchester in a Prime Location with Heavy Footfall
  • Leasehold: £35,000
  • Turnover: £208,000 £4,000 Per week
  • Net Profit: N/A

Business Details

The Business

 

Simphi are delighted to welcome onto the market this well-established newsagent business in a prime trading location in Manchester.

The business has been trading since 2004 and has been under our clients’ ownership since last year. It is only now being offered to the market due to our client’s poor health.

The business is situated in the middle of Hyde Bus Station, therefore benefitting from a very high volume of footfall and passing trade.

 

Premises

 

The business operates from a central plot in a very busy Bus Station. This business has a large sign on the front door and front windows to identify itself.

The property briefly comprises of the following:

Ground Floor: Retail Floor and 2 Stock Rooms.

 

Tenure

 

Leasehold sale with rent at £330pw payable directly to GMPTE.

The Business rate is currently at £90 per week.

 

Trading Hours

 

Monday to Saturday – 7am to 6pm

Sunday – CLOSED

 

Staff

 

The business is currently owner managed with one part time member of staff currently being paid a wage of £130 per week when on shift.

Financial Profile

 

 

Turnover: £4000pw

Gross Profit: 22%                                                  

Stock: Approximately £5,000

 

Our clients also offer a wide range of other products, including; Rijo Coffee, Pastries, Tobacco, Newssheets, Greeting cards, Toys and Confectionery.

 

 

Future Potential

 

There is the opportunity to increase sales by extending the opening hours and potentially opening on a Sunday. A further opportunity that can be exploited is the introduction of special offers such meal deals to attract daily commuters.

 

           TO BOOK A VIEWING PLEASE CALL US ON 01204 771470 OR EMAIL [email protected]

 

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Key Features

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Contact seller

Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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