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Retail Property (high street) for sale

Kingsway, Rochdale, Greater Manchester, OL16

£70,000
59 sq. m.

Property Description

Commercial information

  • Business for sale
  • 635 sq ft (59 sq m)

Key features

  • REF 12374 LEASEHOLD
  • FRANCHISE PRINTERS/STATIONER'S

Full description

Tenure: Leasehold

LOCATION
Printable Ltd is located in Rochdale, Greater Manchester.

The business is situated on a main a-road that runs around the centre of Rochdale. The store receives a high amount of trade due to the heavy footfall. There are several independent businesses around the area, next door there is a hair salon and around the corner there is a main high street with an abundance of stores.

This is a busy location that benefits the store. The centre of Rochdale is just a 15 minute walk from the store, and there are great public transports links, due to this town centre location. The closest bus stop is just a 1 minute walk up the road from the premise. There is also a train station close by.

BUSINESS
Hilton Smythe is delighted to welcome to the market Printable Ltd. The business is part of the franchise Cartridge World. The business was originally established in this location in 2003 but was taken over by our client in 2006. Our client is now looking to sell the business due to family commitments.

The business supplies thousands of printer cartridges for all makes and models of printers. The store also specialises in laser printing. They provide large sales and orders to many businesses and individuals. The store sees a generous amount of repeat loyal trade from local businesses; and has a great reputation for its fantastic low prices and great customer service.

The store sells a range of products such as cartridges and office equipment e.g. Printers and keyboards. Products are available to buy in store or via the e-commerce website. www.rochdale.cartridgeworld.co.uk The store also offers cartridge refill and repairs. The equipment for these services are included in the sale.

This is an award winning business that won two awards in 2011 and 2012. These were for 'Best National Retailer Awards.'

The business currently generates an advised turnover of around 136,000 per annum with a gross profit of 62%. This is a healthy turnover, and we are advised that this figure is increasing year on year.

The store receives a high amount of support from the franchisor Cartridge World, making this a great opportunity for any new purchaser. A franchise is always a great option for starting up and running a business. Hilton Smythe highly advise early viewing to any purchaser interested in this trade.
PREMISES
The business boasts a detached corner premise which is of a substantial size. The premise is complete with the Cartridge World branding.

On entrance is the service counter. The counter is large and is on the left of the entrance. On the walls behind the counter are rows of cartridges. There is some display shelving in the main entrance area for office equipment and stationary.

Equipment includes-
Counter
Till
Computer
Card machine
Machines to fill cartridges

Through to the rear is a large storage area which is complete with shelves for stock. Further through is a kitchen and toilet for staff use.

There is also a separate space with a large amount of machinery for refilling and repairing cartridges. The premise is well laid out and looks presentable.

TENURE
We are advised the business is Leasehold.
New lease available
Rent: 650 per annum

HOURS
The business is open-

Monday - Friday: 8:30am - 5pm
Saturday: 10am - 4pm
Sunday: Closed

STAFF
The business is run and managed by our client with the help of 1 full time member of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of 136,000 per annum.
With a gross profit of around 62%


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