Busy Newsagents For Sale In Chorley UK

Opportunity Summary

The current owners took over the family business from there parents 23 years ago. The two owners now wish to retire from the business.

The business has National Lottery and Payzone commissions providing excellent additional income for the business

History

The business started in 1955 as a small corner shop and in the 1960's doubled in size by acquiring the shop next door. The business was one of the first to adopt the National Lottery when it began and also has Payzone for its customers.

The business accounts are current up to September 2009 and show a healthy profit from the current turnover.
The business is VAT registered
Stock value is almost always around £15,000

Other than the two owners sharing the workload of the business there are no other full time staff
The business employs three part time staff
The business is not tied in any way to a regular supplier

Property

The business is to be sold with the Freehold property it occupies. The owners have recently invested over £40,000 on modernisation of the premises to meet current standards for fire regulations. Two sizeable domestic flats with specfic access have been constructed upstairs in the building and are available for letting out.

Typical rentals for these flats are around £400.00* per month per apartment providing a good supplementary income for the new owners of the business.

Potential

This business has excellent potential for expansion given that 50% of the shop area is under utilised currently. If the new owners where to expand the range of products sold by adding a convenience store to the business considerable growth may be possible.

The owners wish to consider offers from prospective buyers for the freehold property and business.

You can place your offer through Forward Business Ltd by contacting us onRespond to this opportunity

* based on the owners estimate