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Fantastic Newsagents In Oldham, Greater Manchester

Oldham, Manchester
Leasehold Price:
£39,995
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
231298
Reference
6518 / Rightbiz

Details

    Main Road Trading Location

    Close To Oldham Hospital

    Annual Turnover £150,000

    Gross Profit £35,000

    Short Trading Hours

    Multiple Income Streams

    Free Parking Available

    4 Point CCTV Fitted

    EPC - D

Description:
REF 6518 – Leasehold Newsagents
Blacks Business Brokers are pleased to bring to the market this leasehold newsagents located in a busy and much sought after area of Royton, Oldham.

INTRODUCTION
Heyside Newsagents has been operating since January 2018 when our client took ownership. Previously this shop was a newsagents for over forty years trading under a different name. The business is very well known in the area and has a large, local customer base. It is a Go Local with a wide range of products and our client has introduced additional services to the shop including Hermes parcel services, Payzone, National Lottery, The Health Lottery and much more.

LOCATION
The business occupies a prominent trading position on Heyside, this is a busy main road close to Oldham Hospital and a large industrial estate. There are several schools and large businesses in the area including a JD Williams warehouse. This area of Royton is well linked by the M60 and M62 with superb public transport links and parking is available to the side of the property.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator and is only available due to our client's family commitments. The business is therefore offered for sale and 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. The current lease is seven years and began in 2018 at a cost of only £138 per week.

BUILDING LAYOUT AND DESIGN
Heyside Newsagents operates from the ground floor of an end terraced property within a parade of other shops and businesses. The shop is very well branded with large signage displayed above a fully glazed entrance with advertisements provided by “The Sun” and fitted metal roller shutters. Inside, the main shop is well presented with goods displayed on wall shelving and various display stands creating aisles. To the rear of the counter is a stockroom, toilet facilities and a kitchen. All fixtures and fittings are of good quality.

STAFF
The business is currently operating with only our client in employment.

FINANCIAL DETAILS
Heyside Newsagents has traded solidly since opening. We are advised the business has annual turnover of £150,000 and gross profit of £35,000. This includes £100 per week generated by Hermes parcel services, £150 per week from Payzone, £25 per week commission from National Lottery and £580 - £600 per week from the news sheet. Further financial details are available upon viewing.

SUMMARY
This leasehold business occupies a superb main road trading position close to busy schools and Oldham Hospital. There is plenty of scope to develop the business further with the introduction of staff to allow for longer opening hours. A social media following would also be beneficial. 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.

Fixtures & Fittings:
CCTV (4)
Shelving
Mag shelving
Newspaper stand
Double card stand
3 x Display drinks fridge
Display freezer
Till
Shutters


Opening Hours:
Mon - Sat - 5am - 6pmSun - 5am - 4pm


Weekly Rent:
£138 Per Week.
Listing Details
Leasehold Price: £39,995
Tenure: Leasehold
Sector: Newsagents, Convenience Stores
Financials
Annual Turnover: £150,000
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