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Convenience Store With 4 Bedroom Accommodation For Sale

Oldham, Greater Manchester
Freehold Price:
£399,995 Furniture / Fixtures included
Lease Asking Price:
£140,000 Furniture / Fixtures included
Sales Revenue:
£366,554
Cash Flow:
Available on request

Established Since 1994
**Accounts Audited 30 November 2016**
Annual Turnover £366,554 (Audited 30 November 2016)
Gross Profit £61,995
Same Owner since 1999
4 Bedroom Accommodation
Relocation Sale
EPC - C

REF 5721 – Freehold Convenience Store & Off Licence with Accommodation

Blacks Brokers are proud to bring to the market this freehold convenience store & off licence with accommodation located in the much sought-after area of Oldham, Greater Manchester. We are able to offer this proposition on either a freehold or leasehold option.

INTRODUCTION

Raja Bros has been trading since 1994 with our client in ownership since 1999, during that time it has firmly established itself within the local community, gained a large customer base and a superb reputation.

LOCATION

Oldham is a busy, densely populated town in Greater Manchester. Close to Rochdale and Manchester, it is well linked by the M62 and M60. The area also has superb public transport links. The shop is positioned on Oldham Road, this is a busy main road, with constant passing traffic in addition to many local residents. Roadside parking is available directly outside.

REASON FOR SALE

Raja Bros is only being offered for sale due to relocation abroad.

LEASE

This is predominantly a freehold sale, however, our client is willing to offer a new lease (to be negotiated) with the business sale, should this be preferred.

BUILDING LAYOUT AND DESIGN

Raja Bros is housed within the ground floor of a large, double fronted unit. The shop is very well branded with plenty of signage on display. Inside, the shop is well stocked with products on wall shelving, central gondolas and in display fridges and freezers where required. Two counters and serveries are positioned to the front of the shop.

On the first floor is a very spacious, four bedroom accommodation. This is accessed via a separate entrance to the side of the shop. The accommodation is made up of four bedrooms, lounge, family bathroom and kitchen.

STAFF

Raja Bros is currently operating with our client on a full-time basis and three, part-time members of staff.

FINANCIAL DETAILS

Financial details (Audited 30 November 2016) are available upon a viewing of the business and Raja Bros has traded solidly over its trading history. The business generates weekly takings of £14,000 with zero rates payable and gross profits of 24%. National Lottery brings an additional £1,200 per annum. Payzone and Paypoint generate an additional £2,000 per week each and Hermes collections/deliveries generate £40 per week. Most customers are from the local area as one would expect, with additional trade from passers-by.

SUMMARY

This leasehold business has a long and impressive trading history in place, with a healthy turnover from multiple income streams as outlined above. There is plenty of scope to develop the business further with possible shop re-fit, new offers and product lines and possibly hot food/sandwich sales. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations in place. It may also be of great interest to a similar business or retail chain looking to gain a base in this much sought-after area. Early viewings are strongly advised.

Property information

Property:

Available as freehold and leasehold

Business Operation

Trading hours:

Mon - Sat - 7am - 10pm
Sun - 8am - 10pm

Other Information

Leasehold asking price:
£140,000 - Furniture / Fixtures included

Contact Information

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