Newsagents for sale in Golborne

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Mr & Mrs Neville (Sept 2013)
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Leasehold Price: £20,000 Price Reduced Turnover: £190,000 Gross Profit: £38,000
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and busy newsagent and convenience store business, ideally located within the town of Golborne, near Wigan.

The business was originally established in 1966 and has been in our client’s careful ownership since 2012. Only now is the business being offered to the market due to our client’s other business commitments. The business currently operates 7 days per week and generates a turnover in the region of £190,000 per annum, with a gross profit of approximately 20%.

Our client offers a variety of goods including newspapers, magazines, greeting cards, confectionery, crisps, soft drinks, a few groceries and tobacco products. Our client also has 12 daily newspaper delivery rounds to residents within the area. The property boasts a sales and service area to the ground floor, with a storage area and kitchen to the rear. To the first floor is a spacious lounge, a bathroom and a double bedroom.

The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the excellent services offered, as well as applying for an alcohol licence. There is also scope to introduce the Lottery.

This is an excellent opportunity for a new owner to take this already popular newsagent business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

LOCATION
Heath Street News occupies substantial two storey premises, ideally located on the busy Heath Street in Golborne, near Wigan, Greater Manchester. The business is surrounded by a wealth of complimentary shops, businesses and densely populated residential areas, from which the business derives much of its trade. The business also benefits from good on street car parking facilities within the area.

Golborne is a town in the Metropolitan Borough of Wigan in Greater Manchester. According to the 2011 census, the town had a residential population of 24,169. Historically in Lancashire, Golborne owes most of its growth to the mining and textile industries. There was also significant agricultural activity, and most of the farms still belong to the families that originally owned them.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Newton-le-Willows, which is approximately 2 miles away. The area is also well served by the A-roads, with the A580 (East Lancashire Road) being within easy driving distance, which links to the national A-road and motorway networks. Wigan is approximately 8½ miles away and Warrington is 7 miles away.

PREMISES
Substantial two storey premises in an ideal trading location, briefly comprising:

Ground floor:

Main service area.

Racking and shelving to perimeter walls.

Confectionery display.

Double door, Coca Cola branded soft drinks refrigerator.

Single door soft drinks refrigerator.

Ice cream freezer.

Newspaper and magazine display area.

Greeting card display with storage below.

Serve over counter with electronic cash register.

Tobacco gantry to rear of service counter.

Storage area and kitchen to the rear.

First floor:

Large lounge.

Bathroom.

Double bedroom.

External:

Metal shutter to front and back.

Chubb burglar alarm system.

TENURE
We are advised Leasehold:

Original lease length: 5 year

Remaining lease length: 3 years as from June 2016

Rent: £600 per month

HOURS
The business is open:

Monday – Friday: 5.00am – 6.00pm

Saturday: 5.00am – 4.00pm

Sunday: 5.00am – 12.00pm

STAFF
The business is owner run and managed with 1 x part time staff member.

FINANCIAL PROFILE
The business generates a turnover in the region of £190,000 per annum, with a gross profit of approximately 20%.



Tenure: Leasehold

Listed by: Hilton Smythe
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