Popular Newsagents in Swinton

Manchester, Lancashire
REF: 04111A

Asking Price:
£110,000
Annual Turnover:
£1,800,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: 04111A
Photo of Popular Newsagents in Swinton
Photo of Popular Newsagents in Swinton
Photo of Popular Newsagents in Swinton
Photo of Popular Newsagents in Swinton

Overview

Tenure:
Leasehold
Established:
2005
  • Well- established in the area
  • Large variety of products
  • Shopping parade location
  • Great reputation
  • Loyal client base

This brilliant convenience store is a profitable opportunity for anybody wishing to purchase a popular business that has fast become a pillar for the local community.

Set amongst a busy parade of complimentary shops, the business aims to be the one-stop shop that provides customers with all their food, drink and household needs. The shop has gained a great reputation for the quality of stock they hold and affordable prices they offer.

This is a very profitable opportunity for a new buyer.

This business acts as a traditional shop and convenience store selling daily consumables such as food, tobacco and household products. Comprising of a newsagent, Payzone and a grocery store, the shop is particularly popular with local shoppers who visit the shop regularly to pick up essential items for their homes. Products include groceries, stationary, tobacco, dairy goods, soft drinks, confectionary, over 3000 magazine titles and a lottery stand. An ATM outside the shop is also available and a full security system is in place.

The business is very well presented with a pleasant exterior and vibrant signage. Inside, the shop is open plan with is a serving counter used for customer transactions and central display units stocked with a great selection of goods. There are a large variety of walled counters, cold drink cabinets and fridges situated to the rear. The owners pride themselves on the friendly and welcoming environment they have created.

Intelligent Business Transfer are pleased to bring to the market this well established, respected convenience store and newsagent which has successfully become a well-known fixture within the local community.

The business enjoys year round sales and prides itself in offering a friendly service to its loyal clients.

The business has achieved much of its success through word of mouth recommendations and a loyal customer base. However, advertising could be increased via social media such as Facebook and Twitter accounts, informing potential customers of promotional offers. There is no website at present which is something a new buyer could take advantage of to increase exposure and reach out to new customers. There is also huge potential to grow the business by opening on Sundays and introducing off-licence sales. This would significantly increase the yearly income.

Intelligent Business Transfer have been approached to find a suitable buyer for this brilliant business which can operate successfully with minimum marketing efforts.

With its prime location and huge range of stock, the business has served the local community successfully. However, the current owners are looking for the right buyer to takeover and grow the business further.

Location

Property

Annual Rent
£15,000
Annual Rates
£15,000
Lease Term (Years)
13
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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