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

Hyde, Manchester

Status

FOR SALE

Date Submitted:

18/12/18

Advert ID

235620

Reference

s-1043 / Rightbiz
Leasehold: £35,000
Annual Turnover: £208,000
Annual Net Profit: N/A

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]

 

Key Features
  • Close to Local Amenities
  • Unique Business
  • Prime Location
  • Fully Fitted
  • Central Position in Affluent Village
  • Attractive Business
  • Small Business
  • Town Centre location
  • Offers Invited
Contact Agent
Advert Reference:
s-1043 / Rightbiz
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