Business for Sale in Bury, Greater Manchester CONVENIENCE STORE DEVELOPMENT OPPORTUNITY

Key Information

Reference

T36626NW

Tenure

Freehold

Status

For Sale

Region

Greater Manchester

Sector

Newsagents

Accommodation

No

Business Information

A rare opportunity to acquire a long-established freehold newsagents occupying a prominent position within a vibrant parade of established retail businesses in a popular residential area of Bury.

The property benefits from planning permission for a substantial single-storey extension, presenting an outstanding opportunity to significantly enlarge the existing premises and create a modern purpose-built convenience store, subject to the purchaser's own operational requirements. Planning permission has already been granted under Planning Reference: 71648, offering purchasers the confidence that the potential for expansion has already been established.

The property and development could lend itself a variety of retail and commercial concepts, including an expanded convenience store, specialist food retailing, coffee shop, cafe, or other complementary retail use.

Lomas News has been successfully owned and operated by the same family since 1988, with the current proprietor having managed the business since 2007. The business has built an excellent reputation within the local community, benefitting from a loyal and regular customer base developed over several decades.

Operating as a traditional newsagents, the business offers a comprehensive range of everyday convenience products including:

- Newspapers & Magazines

- Tobacco products

- Soft drinks

- Greeting cards

- Confectionary

The business also operates a successful takeaway coffee service using LAVAZZA coffee, providing an established additional income stream and further enhancing customer footfall.

As previously mentioned, one of the property's most attractive features is the significant development potential. Planning permission has already been granted for a substantial single-storey extension to the existing premises, increasing the building's footprint. This offers purchasers the opportunity to significantly expand the retail area, diversify the product offering or introduce additional services to increase turnover and profitability. An artist image of the businesses' potential development has been created and provided within the images to provide a visualisation of a buyer's future development options. It should be noted that the image is not true to scale, it instead acts as a design visual for potential buyers.

Businesses combining a profitable long-established trading history with freehold ownership and approved development potential rarely become available.

This represents an excellent opportunity for an owner-operator, family business, or investor seeking a secure freehold asset with immediate income and significant upside potential.