Newsagents for sale in Hyde

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Impressive Counter Newsagents In Hyde

Hyde, Greater Manchester, England

  • Leasehold Price: £34,995  Price Reduced arrow_drop_down
  • Sale Agreed
  • Annual Turnover: £514,203
  • Annual Gross Profit: £97,357
  • Annual Net Profit: £37,888
Seller Reference: 6189
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Business Description
 
 
 
 
 
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Seller Reference: 6189
Request Details
Business Description
Established Counter Newsagents located in Busy Town Centre
Annual Turnover £514,203 (Audited 18 ), GP £514,203, NP £37,888
N/S £2000 PW , Lott £3,000 - £4000 PW , Payzone £4000, £5000 PW
Paypoint previous takings were £22,000 and can be re- introduced 2019
Rent £365 Per Week
Near many multiples such as Boots, KFC, Argos & Banks
Free Parking to the Rear
EPC - D
REF 6189 - Impressive Leasehold Counter Newsagents

Blacks Brokers are pleased to bring to the market this leasehold newsagents and convenience store located in a busy town centre shopping centre in Hyde, Greater Manchester.

INTRODUCTION

C S C News Ltd has been trading from The Mall within Clarendon Square Shopping Centre, Hyde for around twenty years with our client in ownership since 2016. The shop offers Payzone, PayPoint, National Lottery service along with counter news, convenience products including cigarettes. The business has established a large base of regular, local customers in addition to occupying an excellent trading position bringing plenty of repeat custom simply due to the heavy footfall.

LOCATION

Situated within Clarendon Square Shopping Centre on the The Mall in Hyde, the business is ideally positioned within the town centre and is close to many high street businesses including Boots, KFC, Argos, Superdrugs and several high street banks. This area is well linked by the M57, public transport links are good with parking available to the rear of the building.

REASON FOR SALE

The business is being offered for sale due our client's daily commute from Liverpool being too time restrictive and the business operates without staff.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is five years and began in 2017 at a cost of £356 per week.

BUILDING LAYOUT AND DESIGN

Within Clarendon Square Shopping Centre, C S C News Ltd is positioned within a single-storey, purpose-built retail unit within a parade of other shops and businesses. The shop is well-branded and presented, with clear signage displayed and a fully glazed frontage.
Inside, the main shop floor is presented nicely, with wall shelving to both sides and central gondolas creating two main aisles. There is a three-point till and servery counter with stockroom and toilet facilities to the rear. All areas are finished to a high standard with good quality fixtures and fittings in place. CCTV is fitted throughout the store. There is no living accommodation.

STAFF

The business is currently operating with our client in employment working on a full-time basis with one other member off staff working part time.

FINANCIAL DETAILS

C S C News Ltd has traded solidly during its impressive trading history. The business generates an annual turnover of £514,203 with gross profits of £97,357 with a net profit of £37,888 with Weekly News Sheet £2,000 National Lottery £3,000 - £4000 PW Payzone £4,000 - £5,000 PW and previously PayPoint took £22,000 which can re-introduced within the business in 2019 . Full financial details are available upon viewing.

SUMMARY

This leasehold business is long-established and very popular with a large base of customers. There is plenty of scope to develop the business further with the introduction of longer opening hours and Sunday opening. There is also scope to expand product lines and there is currently no alcohol licence. This proposition would ideally suit an owner operator or couple who could push the business forward and build upon the solid and impressive trading foundations.

Early viewings are strongly advised. Fixtures:
Full Wall of Magazine Racks

3 Rows of Shelving

CCTV

3 x Tills

Lottery Point

Shelving

Scales

Files/Cabinets

Leased: Large Drinks Display Fridge
Trading hours:
Mon - Sat: 08:00 - 17:30 Sun: Closed
Tenure:
Leasehold
Location Details:
Hyde
Leasehold Term:
£356 Per Week
Listed by:
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