Well-established Newsagents in Rochdale

Rochdale, Manchester
REF: R06301

Asking Price:
£29,995
Annual Turnover:
£88,394
Annual Net Profit:
£12,188
REF: R06301

Overview

Tenure:
Leasehold
Established:
TBC
  • Post Office Application available
  • Loyal customer base
  • Wide range of essential products
  • Three bed accommodation included
  • Lucrative paper round service
  • Potential for 2019 Post Office

Now available to the market is this well-established Newsagents situated in Rochdale.

Serving the surrounding area for around 50 years, the business has gained a base of loyal customers through offering an array of essential consumables and everyday items. These include newspapers, magazines, birthday cards, gifts, snacks, and drinks, making it a vital cornerstone of the local community. The business also operates a popular paper round which has secured an added income to the newsagents.

Favoured for its competitive prices, accessible location and range of stock, its customer base comprising regulars and passing trade has directly contributed to its impressive annual turnover.

Benefiting from a three bedroom flat above the businesses and with lucrative revenue streams currently in the pipeline, a new owner is presented with a successful business which could easily be taken to new heights.

The shop is clearly visible from street level, attracting a number of passing customers inside. The spacious shop floor is very well-stocked, with isles organised by product type. Towards the rear, a customer counter is used to manage transactions, with a cloakroom and toilet to the left and a small storage area at the back, alongside access to the rear yard.

Above the newsagents is a comfortable three bedroom apartment which has been renovated to a high standard. The first floor houses a lounge, bedroom and kitchen whilst two more bedrooms and a bathroom can be found on the second floor.

All equipment and stock is included in the sale, such as a slushie machine worth £2,000 as well as a till and computer.

The current owner would be willing to stay on for a transitional period of two weeks to hand the business over to its new proprietor.

This is a perfect opportunity to acquire a popular and profitable newsagents with live-in accommodation, ideal for a family looking for a manageable business venture.

A new owner could easily implement changes to enable the newsagents to fulfil its maximum turnover potential.

As the current owner has applied for a Post office licence for 2019, the new owner could see this through and run postal services alongside the business’s everyday duties. Retailing lottery tickets and offering a Pay point service would also be beneficial to income levels.

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  • Residential area
  • Other local businesses nearby
  • High footfall
  • Free car parking
  • Minimal local competition
Rent
£1,100
Rates
TBC
Lease Term
15
Lease Expiry
###
Square Footage
TBC
Accommodation Included
1
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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

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