Licensed Convenience Store For Sale Chadderton Greater Manchester Leasehold

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Status
FOR SALE
Advert ID
205426

Details

DESCRIPTION

This well established leasehold General Store / Convenience Store / Off Licence occupies a prominent trading position in the popular South Chadderton district of Oldham, close to a bus stop, a tram station and local schools.

The General Store is located on a busy main road parade of shops, with a car park to the rear and within a densely populated residential area, attracting both regular repeat and passing trade throughout the day.

This well known business has served the locality for many years and has a loyal customer base. The business has been trading within the parade for approximately 40 years, with the current ownership since 2005.

The double fronted shop premises provides a very good size sales area at approx 1000 sq feet, which is light and airy, creating a welcoming environment.

The shop has the additional benefits of a Payzone terminal, The National Lottery, The Health Lottery and Home News Delivery (HND) rounds.

The premises are neatly fitted with a good range of fixtures and fittings, including a 3.75m open chiller and six freezers.

The General Store is a thriving and highly lucrative business, yet still offers much scope to extend the opening hours into the evenings and on Sundays to capitalise on the activity within the area during this period. This will undoubtedly increase turnover and overall profits even further.


LEASE

The current lease is 6 years with rent reviews every 3 years. The current lease began in May 2013 at a very reasonable cost of £10,450 per annum (from the rent review in May 2016). We have been informed that the lease can be renewed, for any length of time.


REASON FOR SALE

The General Store is only being offered for sale due to genuine family commitments.

This is an excellent opportunity to purchase a successful business with low overheads and viewing is strongly recommended to avoid disappointment.

FIXTURES AND FITTINGS

2 x 1m double door chillers
6 x 1m slide lid freezers
1 x electronic cash register
1 x electronic weighing scales
Several shelving units and gondolas

CURRENT OPENING HOURS

Mon-Sat: 07:00 to 18:00
Sunday: 08:00 to 11:00

WEEKLY RENT

£200

LISTING DETAILS

Leasehold Price: £59,950 + SAV
Tenure: Leasehold
Location: South Chadderton, Oldham
Listing Details
Leasehold Price: £59,950
Tenure: Leasehold
Sector: General Stores, Convenience Stores, Off Licences
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • Established Business
  • Offers Invited
  • Attractive Business
Listing Statistics
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