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Established Off Licence/convenience Store - Oldham For Sale

Oldham, Greater Manchester, UK
Asking Price:
£59,950 Furniture / Fixtures included
Sales Revenue:
£350,000
Cash Flow:
Available on request

Main Road Location
Projected Annual Turnover £350,000
Projected Gross Profit £87,500
Further Financial Info Available After Viewing
New Lease To Be Negotiated
Established 2001
Owner Operator
Lottery, Payzone & Paypoint In Place
Cash Machine
Fully Equipped
Well Presented
CCTV Fitted Throughout
Scope To Expand Product Lines
Potential For Website & Social Media Presence
EPC - TBC

REF 7450 – Leasehold Off Licence/Convenience Store

Blacks Brokers are pleased to bring to the market this leasehold off licence/convenience store located in Oldham, Greater Manchester.

INTRODUCTION

Gujar Convenience Store was established by our client in this busy residential area of Oldham in 2001. The business offers a good range of convenience products including alcohol as well as services including Payzone, Paypoint and National Lottery. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation.

LOCATION

Gujar Convenience Store occupies a main road trading position within a residential area of Oldham. The area is densely populated residentially. There are also a number of schools, housing estates and parks nearby and the area is well linked by the M60 with very strong public transport links and parking is available in the immediate area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. A new lease can be fully negotiated with our client, this will run at a cost of £175 per week.

STAFF

The business operates with two members of staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS

Gujar Convenience Store has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has a projected annual turnover of £350,000 and a projected gross profit of £87,500. Full financial information is available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This long established business occupies an enviable trading position in a busy residential area of Oldham. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and a website with social media presence. 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.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - FRI: 08:00 - 23:00
SAT & SUN: 09:00 - 23:00

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