Tyldesley Newsagent business for sale
Tyldesley, Greater Manchester
Hilton Smythe Commercial are pleased to introduce to the market, Graham’s Newsagents, which has been under the careful control of our client for the previous 6 years, and is now reluctantly offered for sale as our client pursues other interests. The principal activities of the business lie in the sale of some convenience goods, greeting cards, tobacco and confectionary as well as newspapers and magazines. The business also benefits from having a payzone facility and National Lottery terminal. There is further scope to extend the revenue of the business by introducing extended opening hours. The business could also benefit from the sale of alcohol, albeit at present, the business does not hold the relevant licences at present. With strong retail sales of circa £5,000 per week and Lotto sales of circa £3,000 per week, Graham’s Newsagents offers a fantastic opportunity for the discerning purchaser. The business also benefits from a number of news rounds both morning, evening and Sundays’.
The business generates a turnover of £224,816 per annum, with a gross profit of £49,347.
At present the business is owner managed and is assisted by 4 part time members of staff.
The owner has observed the following opening hours: Monday - Friday 6.00am to 6.30pm Saturday - 6.00am to 7.30pm Sunday - 6.00am to 1.30pm
Situated in Tyldesley within the Borough of Wigan; Graham's Newsagents benefits fro m a fantastic trading location, amongst a parade of complimentary shops, with ample car parking spaces from the communal car park. Situated within a densely populated estate, this business is exceptionally well positioned.
The main retail space is well fitted and presented, with all the expected fixtures and fittings. There is ample shelving along both sides of the premises and down the centre. Towards the rear of the unit lies a serving counter, till point and lotto terminal, leading through to a storage space, office area and WC. The business benefits from a number of drink chillers and chest freezers.
Leasehold 8 Years Remaining Original Length 15 Years Rent: £2,900 per quarter