Convenience Stores for sale in Macclesfield

View the "Newsagents With Rental Income in Macclesfield" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Newsagents With Rental Income in Macclesfield

Macclesfield, Cheshire East, England

  • Leasehold Price: £87,500  Price Reduced arrow_drop_down
  • Annual Turnover: £350,285
  • Annual Gross Profit: £121,304
  • Annual Net Profit: £33,983
Seller Reference: 6254
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Business Description
 
 
 
 
 
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Seller Reference: 6254
Request Details
Business Description
Fantastic Business Opportunity
Latest Accounts To 5 April 2018
Annual Turnover £350,285 (Audited)
Gross Profit £121,304 (Audited)
Accounts Available After Viewing
Prime Position Opposite Large College and High School
Self Contained 1 Bed Flat Above, Rental Income £3,600 PA
Accommodation can be made Available at 30 Days Notice
Family owned for 12 years, For Sale Due to Retirement
Loyal Customer Base
Provides An Excellent Service
Includes Health Lotto & Payzone
EPC - D
Ref – 6254– Leasehold Newsagents with Rental Income from Living Accommodation

Blacks Brokers are pleased to bring to the market this leasehold newsagents in the much sought after location of Macclesfield, Cheshire.

INTRODUCTION

Park Lane News has been trading from Park Lane for over 90 years with our client in ownership since 2007. The business is situated in a densely populated, residential area and has and extensive delivery round which provides reliable income.

LOCATION

Macclesfield is a market town and civil parish in Cheshire. The business is well linked with the A523. The business is close to Macclesfield football stadium and the town centre is 1 mile away. The business is located opposite the Macclesfield Learning Zone.

REASON FOR SALE

This opportunity is available due our client’s wish to retire creating this superb opportunity for a new owner.

LEASE

The building is available on a FRI (Full Repair and Insure) lease which began in 2007 and is a rolling lease with no specific time limit. There is a a break clause every 5 years. The rent is £192 per week with rent reviews every 5 years. Our client advises us that the landlord will renew the lease for a new owner.

BUILDING LAYOUT AND DESIGN

The business operates from the ground floor of the 2 storey building. Inside the main shop can be appreciated, it is well lit, clean and presentable in all areas. The business has an office, store room with a sink and an outside toilet.

Above is the 1 bedroom sublet accommodation which comprises of a lounge, kitchen, bathroom and is managed by Northwood Management bringing in a rental income of £3,600 per annum.

There is free parking available to the front of the business for 30 minutes.

STAFF

Park Lane News is currently ran by the owner with 3 staff in employment of which two are part time drivers for newspaper delivery rounds and there are also 14 paper boys.

FINANCIAL DETAILS

Park Lane News achieves an annual turnover of £350,285 with gross profits at £121,304. There are multiple income streams available here with an A1 licence in place. Health Lotto brings in £2,600 per annum, Payzone brings in £15,600 per annum and tobacco brings in £156,000 per annum. The business delivers betwen 3500 and 4000 newspapers a week.

SUMMARY

This fantastic business is a superb opportunity for any new owner to take advantage of the already strong trading foundations. There is scope for a new owner to increase the open hours and trading over 7 days. Early viewings are advised. Fixtures:
Lucozade Display Fridge

Shelving

Till

Chest Display Ice Pop Freezer

Cctv (7 points)

Computer

Printer

Washing Machine

2 x Drinks Coolers

Fridge Freezer

Rijo Coffee Machine - Leased
Trading hours:
Mon - Fri - 5.30am - 5.30pm Sat - 5.30am - 12pm Sun - 5.30am - 11am
Tenure:
Leasehold
Location Details:
Macclesfield
Leasehold Term:
£192 Per Week
Listed by:
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