Popular Leasehold Newsagents in Rochdale

Established Over 30 Years
Busy Town Centre Location
Projected Annual Turnover (2019/20) £234,000
Projected Gross Profit (2019/20) £82,000
Car Park Available Nearby
National Lottery Sales
Run By Owner on Limited Hours - No Other Staff
Close To Multiples - Halifax, Sayers
EPC - E
REF 6203 – Busy Leasehold Newsagents in Rochdale Town Centre

Blacks Brokers are pleased to bring to the market this leasehold newsagents located in a busy and much sought-after area of Rochdale, Greater Manchester.

INTRODUCTION

Our client has been trading on The Walk since 2005, purchasing this property in 2015, moving from the premises opposite and has since continued to build upon the excellent reputation and large customer base that this shop has in place.
Zulfi Newsagents offers a range of newspapers and magazines along with National Lottery and a small range of drinks, sweets and snacks.

LOCATION

Situated close to Rochdale Bus Station in a pedestrianised area of Rochdale. This area is well-populated commercially, with many other local shops and businesses in the immediate vicinity, such as Halifax, Sayers and Max Spielmann. Free parking is available for three hours in a local car park.

REASON FOR SALE

The business is offered for sale due to our client wishing to retire.

LEASE

A new lease will be offered by our client and can be fully negotiated with the business sale. The lease will run at a cost of £150 per week.

BUILDING LAYOUT AND DESIGN

Zulfi Newsagents occupies the ground floor of a mid-terraced property within a parade of shops and other businesses. The shop is very well branded, with bold signage displayed above a fully glazed frontage. Inside, the main shop is well-stocked and presented nicely. It is fitted with wall shelving and cladding with tiled flooring and the counter area positioned to the rear of the space.
Use of an upstairs toilet is available, however, the lease covers the ground floor only, however, there is use of toilet facilities on the first floor. There is no accommodation included.

STAFF

The business is currently operating with our client working on a full-time basis with no supporting staff in place.

FINANCIAL DETAILS

Zulfi Newsagents has traded solidly during its impressive trading history. The business is expected to generate an annual turnover of £234,000 for 2019/20, with projected gross profit of £82,000 from multiple income streams including National Lottery Sales which generate between £1,200 and £1,500 per week.
Due to our client running the business alone, the shop has been operating on fewer opening hours than ideal to suit his current lifestyle.

SUMMARY

This leasehold business is long-established and priced keenly for a quick sale. There is plenty of scope to develop the business further with the introduction of alcohol sales along with hot savouries and sandwiches and there are even more income opportunities with the introduction of more staff to expand opening hours. This area is currently undergoing some development with a new market being created nearby. This proposition would suit an owner-operating team able to drive this business forward further. Early viewings are strongly advised. Fixtures:
x3 Double Display Door Fridges

Shelving

Ice Cream Freezer

Cigarette Stand

CCTV Ð 3 Points

Shutters