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Off Licence & 2 Freehold Properties for in a busy area of Oldham

Oldham, Manchester
Freehold Price:
£230,000
Status
FOR SALE
Advert ID
225559
Reference
s-1036 / Rightbiz

The Business
 
Simphi are delighted to welcome onto the market this well-established newsagent business in a prime trading location in Oldham.
The business has been trading for over 40 years and has been under our clients’ ownership since the mid 2000’s. It is only now being offered to the market due to our clients’ desire to move abroad.
The business is situated in the middle of a main road and is also surrounded by densely populated residential areas, therefore benefitting from a very high volume of footfall and passing trade. 
The towns’ main entrance and exit to the M60 motorway passes through the road this business is situated on and therefore it thrives from commuters during all hours of the day. 
The business also benefits from ample on-street parking facilities to the front and side of the premises.
 
Premises
 
There are two properties for sale in this transaction. The first is the property from which the newsagent trades from, and subsequently next door. Both properties can be accessed internally and are used as one.
This business has a large sign on the front door and front windows to identify itself from other businesses in the area. 
The second property is currently occupied as a family home with 3 bedrooms, 2 reception rooms, kitchen, and a large bathroom. 
The property briefly comprises of the following:
Ground Floor: Shop floor, 2 x reception rooms, large store room, kitchen, back yard.
First Floor: 3 double bedrooms, and an exceptionally large bathroom. There are also two staircases should someone wish to separate the properties into two. 
There is also a gas central heating system and UPVC double glazing. 

 Tenure
 
The business currently operates rent free since our clients own the freehold. 
 
Trading Hours
 
Monday to Friday – 06:00 – 21:00
Saturday – 08:00 – 21:00
Sunday – 08:00 – 19:00
 
Staff The business is currently owner managed, both husband and wife run the business on daily.
 
 
Financial Profile
 
Turnover: in excess of £234,000 per annum    Gross Profit: 18 – 20%         Stock: Approximately £15,000
 
Our clients also offer a wide range of other products, including; Tobacco, Newssheets, Greeting cards, Toys and Confectionery.
 
 
Future Potential 
 
There are TWO properties that are available for sale as well as a well established off licence. The properties can be accessed internally, but have two separate entrances and staircases which allows the future owner to either separate them are continue to occupy them as one. 
 

Listing Details
Freehold Price: £230,000
Tenure: Freehold
Location: Oldham, Manchester
Sector: Off Licences, Newsagents, Investment Properties
Financials
Annual Turnover: £234,000
Annual Net Profit: Available upon request
Key Features
  • Prime Location
  • Accounts Available
  • Potential for Alternative Use
  • Home Based
  • With Accommodation
  • High Turnover
  • Offers Invited
  • Established Business
  • Central Position in Affluent Village
  • Retirement Sale
  • Town Centre location
  • Close to Local Amenities
  • Attractive Business
Contact Agent
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Advert Reference: s-1036 / Rightbiz

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