FOR SALE
03/08/21
832
ID2846 / Rightbiz
Sovereign are pleased to offer a four bedroomed commercial freehold property and newsagent in Chadderton, Greater Manchester area. The store stocks a wide selection of convenience items including: cigarettes, stationary, children’s toys and greetings cards.
There is scope to increase sales by introducing and capitalizing on alcohol sales, expanding some of the retail lines currently stocked, pay point and introducing a fresh fruit and grocery section, confectionery and frozen foods. Lotto tickets and scratch cards could be introduced to increase the turnover.
The deceptively spacious premises are an ideal investment opportunity for a speculator to acquire a profitable news agency coupled with living quarters for a family.
This established newsagent offers a new owner a viable and already thriving business to market and take to the next level. Viewing comes highly recommended to entrepreneurs and investors.
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.
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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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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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