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Well Established Chinese Chip Shop In Oldham For Sale

Oldham, Greater Manchester
Asking Price:
£99,995
Sales Revenue:
£82,000
Cash Flow:
£16,160

Shopping Parade Location
Annual Turnover up to April 2019£82,000
Gross Profit up to April 2019£51,660
Further Financial Information Upon Request
Low Rent - Just £73 Per Week!
Established 1975
Well Equipped & Presented
Excellent Reputation
Free Parking Immediately Outside
Potential To Introduce Deliveries
Scope For Online Presence
Could Accommodate Any Cuisine
EPC - D

REF 6759 – Leasehold Chinese Chip Shop

Blacks Brokers are pleased to bring to the market this leasehold Chinese chip shop located in a busy and popular are of Oldham, Greater Manchester.

INTRODUCTION

PT's Chippy has been trading on Brackley Square since 1975. Our client took ownership in 2003 and introduce the Chinese takeaway side in 2004. The business is well known and has an excellent reputation in the area with a large base of regular customers and excellent reviews noted on Google and Facebook. With such an impressive trading history, the business has become an integral part of the local community.

LOCATION

The business is positioned on a busy parade of shops surrounded by different businesses, offices and residential homes. It is also within a short distance from the town centre which is filled with large multiples including Asda and Tesco as well as a range of independent retailers and offices. The area is well linked by the M60 and A62 with excellent public transport links and free parking is available immediately outside the shop.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s busy family life and lack of time to dedicate to this busy shop, the business is 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 a six year lease which began in 2016 at a cost of only 73 per week.

BUILDING LAYOUT AND DESIGN

PT's Chippy operates from the ground floor of an end terraced retail property within a small parade of shops. The business has large signage displayed above a fully glazed frontage which is fitted with metal security shutters. Inside, the servery and waiting area is well presented with large, stainless steel counter and overhead menus. Behind this is a small preparation area with fully equipped kitchen to the rear – this is fitted with stainless steel work surfaces, commercial ovens, fryers and much more. A full inventory is available upon request. All areas are finished well.

STAFF

The business is currently operating with two full time and one part time member of staff in employment supporting our client working in a hands on role as much as possible.

FINANCIAL DETAILS

PT's Chippy has traded well for over fifty years. We are advised that the business has a annual turnover of £82,000 up to April 2019 with projected gross profits of £51,660.

SUMMARY

This leasehold business has an impressive trading history and occupies a superb trading position with free parking immediately outside. There is plenty of scope to develop the business further with longer opening hours and the introduction of deliveries. A new online and social media presence could also be beneficial along with a strong marketing drive in the local area. 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 - SAT: 11:30 - 14:00 / 16:30 - 21:00
SUN: CLOSED

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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