Profitable Newsagents based in Greater Manchester

Stalybridge, Greater Manchester
REF: R07234

Asking Price:
£32,000
Annual Turnover:
£305,240
Annual Net Profit:
£40,030
Reduced
Recently Sold
REF: R07234
Photo of Profitable Newsagents based in Greater Manchester
Photo of Profitable Newsagents based in Greater Manchester
Photo of Profitable Newsagents based in Greater Manchester
Photo of Profitable Newsagents based in Greater Manchester

Overview

Tenure:
Leasehold
Established:
1965
  • Excellent Reputation
  • Well Equipped Business
  • Wide Variety of Products & Services
  • Huge growth potential

The business for sale is an established corner shop on a popular high street location. Open long hours each day, the shop supplies various newspapers, groceries, toiletries and household goods.

Established over 30 years ago, the newsagents has grown a robust clientele full of regular and local clients from the surrounding area. The business has an impressive financial profile growing organically in sales and reputation. The owners are proud to serve regulars and walk-ins, providing a friendly and experience with every transaction.

The business is for sale on a leasehold basis.

Well-presented and well-loved, the customers enter via the main road set on the ground level. As customers enter the shop, they face a small yet compact shop floor. There is the counter to the right which accommodates lottery and pay point services. The shop is also a Hermes Parcel shop which takes about 100 parcels per day.

Inside there is a coffee machine, cash point machine, various alcoholic beverages, cards, confectionery, household cleaning products, ice cream, milk and more. The business was once a post office, and the new owner is free to incorporate this element back into the shop if they desire. There is a flat upstairs which is currently home to a tenant who pays £380 a month. This has recently been completely refurbished and has its own entrance at the back with a parking space.

Customers vary from local businesses to students to the general public. All equipment, fixtures and fittings are included in the sale.

Intelligent are delighted to bring this lucrative newsagent to the market. This is a superb opportunity to acquire a local and well-loved shop with a vast amount of products and a loyal clientele. Based in the busy town of Stalybridge, locals rely on this store for its convenience and friendliness.

For further growth, the new owner could consider opening later on the weekend, catching night-time traffic and passing trade. The business could consider advertising more online, highlighting any deals and offers in-store. Using applications like Facebook can increase your engagement with customers, therefore increasing the turnover.

The ideal buyer would be a regional or national operator looking to expand their portfolio. They would be local, business-minded and eager to take this store to the next level. Intelligent are searching for the right buyer. The current owners are willing to stay on for a transitional period to help.

Location

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  • High Footfall
  • Good Transport Links
  • Close to Local Businesses
  • Close to Local Schools

Property

Annual Rent
£6,000
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
TBC

Financial & More

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