Reputable Convenience Store in Oldham

Oldham, Manchester
REF: 03136

Asking Price:
£110,000
Annual Turnover:
£164,971
Annual Net Profit:
TBC
REF: 03136

Overview

Tenure:
Freehold
Established:
1991
  • Varied product/service range
  • Low overheads with solid turnover
  • Ideal location
  • Large customer base
  • Upper level floor with accommodation

Situated in a busy main road, this long-running convenience store provides a large number of daily consumables and services to its local inhabitants.

Since its inception in 1991, the business has gained a large customer base and enjoy heavy footfall. It has been carefully developed by the current owner and boasts impressive financial figures with healthy profit margins.

Having consistently grown year on year, this is a great opportunity for a first-time buyer or someone looking to acquire a well-established retail business in a prominent location.

The business has been owned and operated by the vendor for the last 25 years and has shown consistent growth. A licensed store, with a variety of alcohol on offer, the business also retails a wide variety of food and drink, cigarettes and tobacco, household goods as well as cards and gifts, all at competitive prices.

The store is Lottery approved and tickets can be purchased at the counter. A Paypoint also allows home owners to pay their bills efficiently and safely.

Functioning from a sizeable 2 storey building, the exterior front features large vibrant signage which appeals to passers-by.

The premises is comprised of a spacious open plan retail floor, fitted with shelving and commercial display fridges. Furnished with a large serving counter, the stock is neatly presented throughout the floor.

The rear of the floor includes a small, well-equipped kitchen and seating area for staff. An upper level floor includes a toilet and shower facility and includes a large lounge area, currently used for storage. There is also a sizeable room to the rear. This floor has the potential to be converted into living accommodation.

Established in 1991, the business trades seven days a week and by maintaining low overheads, has successfully generated a high annual turnover in excess of £260,000.

The well-established business has huge scope for development and would be ideal for a previous owner with knowledge and experience of working and operating within the retail sector.

Any potential buyer will be able to take over the business as it is, benefiting from the regular trade that has been built up over the years.

A new buyer could potentially increase business hours by keeping the store open till late, or even 24/7, which could bring in a wider range of customers. Increasing the range of stock could also effectively draw in new customers and would bring in more revenue.

Whilst the current business has continually grown every year, it has done so without an online or social media presence. Establishing a presence to aid in advertising could boost exposure and help the trade.

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  • Located in Oldham
  • Busy local footfall
  • surrounded by residential areas
  • Near to local schools
  • Free Parking
Rent
TBC
Rates
TBC
Lease Term
TBC
Lease Expiry
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Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
F 126-150

Annual Turnover
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Annual Net Profit
XXXX
Stock at Valuation
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Accounts
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Trading Entity
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Current Ownership
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Management Structure
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Number of Employees
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