Newsagents for sale in Oldham

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 I am delighted with the service – I’ve sold my business and highly recommend Daltons to other business sellers 

Marianne Ross (April 2014)
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Leasehold Price: £85,000 Turnover: £400,000 Gross Profit: £95,000
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Business Description
BUSINESS

Hilton Smythe are proud to present Medlock Way Newsagents to the market.

The business prides itself on having its repeat trade from the locals and is very well known in the area, the shop is largely filled with sweets, pop and snacks for the kids that pass by after school as the newsagents is hugely popular with them and this brings the business a very healthy turnover of £400,000 and has a gross profit of 24%. Revenue is also derived from the retail of magazines, newspapers, groceries, and lottery and also sell a various variety of greeting card and toiletries.

The business also offers a large paper round with 9 staff delivering in the morning and 9 staff delivering in the evening and this helps bring in healthy weekly takings.  As the business is detached from any other property it makes the newsagents really stand out.

Our clients have decided to sell the business due to other interests they would like to pursue,

We advise that an early viewing for the business for an interested parties is highly recommended

LOCATION

Medlock Way News is located in the historic village of Lees, Greater Manchester

This ground floor single storey double fronted newsagents is ideally situated in the picturesque and historic village of Lees just outside the town centre of Oldham. Country roads lead just a few mins drive to the historic villages of Delph, Diggle and Dobcross

There is car parking at the front of the premises and the business is well and truly the centre of the village community thus generating a good turnover from local residents and school children.

PREMISES

The business premise is a double fronted corner detached newsagents with large signage and is fitted with CCTV and an alarm system.  

There is an ice cream and double freezer to the rear of the shop which is also alongside a soft drinks chiller. There is an area of the shop that is filled with greeting cards, wrapping paper, gift bags and stationery. The business also had a glass cabinet under the counter that currently displays mobile phone accessories that they have for offer. The cigarette kiosk is located directly behind the counter.

The large serving counter at the  front of the shop is filled with  soft drinks, sweets and

crisp’s with the addition of the lottery and scratch card machine and completed with the ‘coffee to go’ machine.

To the rear of the store is a large stock room and rear private entrance door which opens to the outside yard area. Also in the back of the premise is a  kitchen area, toilet and wash basin,

TENURE

We are advised that the business is Leasehold.

Details to be provided.

Rent £80 per week

HOURS

The business is open from:

Monday – Sunday:  5:00am – 6:30pm

STAFF

The business has currently 2 full time staff and 1 part time.

FINANCIAL PROFILE

The business reports an annual turnover of £400,000 and has a gross profit of 24%
Tenure: Leasehold

Listed by: Hilton Smythe
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