6680 / Rightbiz
- Popular Town Centre Location
- Annual Turnover £338,000
- Gross Profit £67,600
- Low Overheads
- Spacious Terraced Property
- Well Established Business
- Excellent F&F Throughout
- 1 Bedroom Accommodation
- Scope For Additional Bedroom
- Owner Operator
- Alcohol Licence in Place
- Hermes Parcel Drop Off
- EPC - E
REF 6680 – Freehold Newsagents & Accommodation
Blacks Business Brokers are pleased to bring to the market this freehold newsagents and accommodation located in the busy town centre of Tyldesley, Greater Manchester.
Monks Newsagents has been trading on Elliott Street for over 40 years. Our client took ownership in 2014 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, greetings cards, groceries and parcel drop off.
The business is positioned on a busy main road in the heart of Tyldesley centre. The area is filled with a range of independent businesses such as craft shops, opticians, eateries and shops as well as large multiples such as Aldi, B&M and McDonalds. The area is well linked by the M61 and the A580 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 other business commitments being higher than anticipated, 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.
This is predominantly a freehold proposition, however a leasehold option can be made available if preferred and this would be fully negotiated with our client.
The business is currently operating with our client and partner only working on a full time basis.
Monks Newsagents has traded well during the last five years. We are advised that the business currently has annual turnover of £338,000 with gross profit of £67,600. Full financial details are available upon viewing.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This freehold business occupies a superb trading position in a busy area of Tyldesley. There is plenty of scope to develop the business further with some modernisation and a strong marketing drive. Our client may consider a leasehold sale and this can be negotiated with our client if preferred. 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.
BUILDING LAYOUT AND DESIGN
Monks Newsagents operates from a well presented mid terraced property within a parade of shops and businesses. The business has classic branding displayed above a partially glazed frontage which is fitted with a free cash machine. Inside, the main shop is presented well and is fitted with wall shelving, central gondolas and a counter with epos till to the back. To the rear of the counter is small storage area and toilet. The rear exit leads to a to communal yard.
On the first floor there is living accommodation consisting of bathroom, kitchen, lounge and one double bedroom.
The second floor is currently used for storage, but this could be converted into a second bedroom or additional living area.
Fixtures & Fittings:
2 Large Drinks Display Fridges
Epos Till System
MON - SAT: 06:00 - 20:00SUN: 06:00 - 16:00
Freehold Price: £144,950
Location: Tyldesley, Manchester
Annual Turnover: £338,000
Within 1 milei:
Astley Green Mining Museum (Museum)
Primrose Street Parking (Parking)
STUDIO 225 (Beauty Salon)
Fosters Accountants (Accounting)
C. Taylor (Point Of Interest)
Ascott Insurance Brokers (Insurance Agency)
Tyldesley Town Hall (Stop E) (Bus Station)
Special Creations Emporium (Jewelry Store)
Mort Arms (Bar)
Wendy's (Clothing Store)