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Retail premises for sale

£20,000

Hyde SK14, UK

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Property description

Ref 5595 – Leasehold Newsagents

Blacks Brokers are proud to bring to the market this leasehold newsagents business located in the much sought after area of Hyde, Cheshire.


Introduction


Gossip News has been trading on Clarendon Street since 2003 with our client in ownership since 2010 and over that time it has firmly established itself within the local community. The business has a large and loyal customer base and a great reputation.


Location


Hyde is a town in Greater Manchester. It is close to Stockport and Ashton-Under-Lyne and well linked with M67 and M60. Clarendon Street is positioned centrally in Hyde, close to other businesses, shops and many residential properties.


Reason for sale


Gossip News is only being offered for sale due to our clients other business interests.


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 3 years with rent reviews every 3 years. The current lease began in 2016 at a cost of £625 per calendar month.


Building layout and design


Gossip News is housed within the ground floor of a mid-terraced retail unit on a busy parade of shops and businesses. The area is well used by shoppers and locals with lots of passing trade. Gossip News is well branded, with strong signage on display and a paper stand and lottery point outside.

Inside, the shop is very well presented, with wooden flooring throughout and stock displayed on wall shelving, central gondolas and in display fridges where required. The servery counter is positioned to the rear of the shop with stock room and staff toilet behind. All areas are presented to a high standard.


Staff


Gossip News currently has three part-time staff in employment in addition to the owner working full time.


Financial details


Financial details are available upon a viewing of the business and Gossip News has traded solidly over its trading history. The business generates weekly takings of £6,500 with a 20% gross profit. In addition, National Lottery takes £100 per week and PayZone commission is around £125 per week. Most customers are from the local area as one would expect, with a high amount of passing trade from this excellent trading position.


Summary


This leasehold business presents a superb opportunity for a new owner to acquire a busy and well known newsagents business and it delivers impressive weekly takings from multiple income streams. There is plenty of scope to develop the business further with the addition of further product lines and an alcohol licence. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
Business: £20,000.

Please quote ref: 5595

Property info

What Zoopla users think of Hyde

Overall rating:

  • currently 4 stars
Very good - 80% (122 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4.5 stars
Transport & travel

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Hyde Central (0.3 miles)
  • Newton for Hyde (0.6 miles)
  • Flowery Field (0.7 miles)
  • Manchester International Airport (10.6 miles)
  • Liverpool John Lennon Airport (32.8 miles)
  • Leeds Bradford International Airport (33.4 miles)
  • Liverpool Pier Head Ferry Terminal (37.9 miles)
  • Liverpool Isle of Man & Dublin Terminal (38.0 miles)
  • Liverpool Belfast Ferry Terminal Bootle (38.2 miles)

Nearby schools

View all schools in Tameside
  • St George's CofE Primary School (0.3 miles)
  • Greenfield Primary School and Early Years Centre (0.4 miles)
  • Leigh Primary School (0.5 miles)
  • Connell Sixth Form College (5.0 miles)
  • Oldham Sixth Form College (6.2 miles)
  • Abbey College Manchester (7.1 miles)
  • Hyde Community College (0.6 miles)
  • Thomas Ashton School (0.7 miles)
  • Alder Community High School (1.0 mile)
Note: Distances are straight line measurements

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Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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