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Established Newsagents Bolton

Bolton, Manchester
Leasehold Price:
£59,995
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
237897
Reference
6682 / Rightbiz

Details

    Main Road Trading Location

    Annual Turnover £348,000

    Gross Profit £87,000

    Rental Income of £3,600 Per Annum

    Heavy Footfall Area

    Free Parking in Immediate Area

    Multiple Income Streams

    Scope To Introduce Alcohol Sale

    Five Point CCTV In Place

    EPC - C

Description:
REF 6682 – Leasehold Newsagents
Blacks Business Brokers are pleased to bring to the market this leasehold newsagents located in the busy town centre of Bolton, Greater Manchester.

INTRODUCTION
U Store News has been trading on Market Street for almost 60 years. Our client took ownership in 2009 having been attracted to this area by the high amount of footfall and local residents. The shop is very well known and has a good reputation with a large base of regular customers and offers a range of services from the usual newspaper and magazine sales to cash withdrawals, paypoint and National Lottery.

LOCATION
The business is positioned on a busy main road in the heart of Farnworth. The area is densely populated residentially and there are a number of schools close by as well as the town hall and a range of shops and other businesses including large multiples such as Asda and Lidl. The area is well linked by the M61 and M60 with good public transport links and free parking is available in the immediate vicinity.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s family commitments, the business is now offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is twelve years and began in 2008 at a cost of only £231 per week.

BUILDING LAYOUT AND DESIGN
U Store News operates from a well presented end terraced property within a parade of shops and businesses. The business has classic branding displayed above a partially glazed, matching frontage which is fitted advertising. Inside, the main shop is presented well and is fitted with wall shelving, central gondolas and a counter with epos till and cigarette gantry to the back. To the rear of the counter is small storage area and toilet.

The first floor comprises of a bathroom, kitchen, lounge and one bedroom. At present, this generates rental income of £300 per calendar month.

To the rear of the property are two garages.

STAFF
The business is currently operating with one member of staff in place supporting our client working on a full time basis.

FINANCIAL DETAILS
U Store News has traded well during an impressive history. We are advised that the business currently has annual turnover of £348,000 with gross profit of £87,000. This includes paypoint of £1,500 per week and National Lottery takings of around £800 per week. Full financial details are available upon viewing.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This leasehold business occupies a superb trading position in a busy area. There is plenty of scope to develop the business further with the introduction of alcohol sales, new opening hours and a strong marketing drive. This proposition would ideally suit an owner operating team who could push the business forward, building upon the solid and impressive trading foundations. Early viewings are strongly advised.

Fixtures & Fittings:
2 Double Drinks Fridges
2 Single Drinks Fridges
Card Rack
Coffee Machine - Nestle
Ice Cream Freezer
Ecig Display
CCTV - 5 Cameras


Opening Hours:
MON - FRI: 05:00 - 20:00SAT: 05:00 - 18:00SUN: 07:00 - 15:00


Weekly Rent:
£231 Per Week. Weekly Rent:
£231 Per Week.
Seller Details
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Listing Details
Leasehold Price: £59,995
Tenure: Leasehold
Sector: Convenience Stores, Newsagents
Financials
Annual Turnover: £348,000
Listing Statistics
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