Ref 5986 – Leasehold Newsagents & Mini Market Blacks Brokers are proud to bring to the market this leasehold newsagents and mini market located in a busy and densely populated area of Bury, Lancashire. Introduction
Royal Newsagency & Mini Mart has been trading since 1989 when our client took ownership of this business – there has been a business of this nature here for around 100 years. The business offers a huge selection of newsagent and convenience products. During it’s trading history, the business has become well-known in this area, gaining a large customer base. Location
Walmersley Road is a busy main road close to Bury town centre and is close to a huge number of residential properties as well as local businesses and Bury’s very popular town centre. This superb trading position offers both local trade and many passers-by and visitors to the area. Parking is available to the side of the premises. Reason for sale
Royal Newsagency & Mini Mart is only being offered for sale due to our client’s retirement. Lease
The building will be 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 new lease will be fully negotiated with our client and will run at a cost of £115 Per Week. Building layout and design
The business is housed within the ground floor of a single fronted, mid terraced unit within a parade of other shops and businesses – there is no direct competition in this area. The shop is well branded with large, colourful signage on display to the front of the shop and partially glazed frontage. Inside, the servery counter is positioned to the right with goods displayed on wall shelving and a central gondola. To the rear of the main retail area is a staff kitchen, storeroom and toilet with exit and enclosed rear yard. All areas are well presented with good quality fixtures and fittings in place. Staff
Royal Newsagency & Mini Mart is currently operating with only our client working on a full-time basis. Financial details
Financial details are available upon a viewing of the business and Royal Newsagency & Mini Mart has traded solidly over its trading history. The business generates weekly takings of £1,700 with gross profit of 20%. Summary
This leasehold business is long-established and very well known. There is plenty of scope to develop the business further with the addition of more stock lines and the National Lottery along with some modernisation in places. This proposition will suit a new owner-operator able to drive this business forward. Early viewings are strongly advised. Business: £14,950.
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