Retail premises for sale in Oldham, England, United Kingdom OL2

Ref 8047 – Leasehold Licenced Convenience Store With Accommodation
Blacks Brokers are pleased to bring to the market this leasehold licenced convenience store with accommodation located in Shaw, Oldham.

Introduction

Top Shops was established by our client in this busy residential area of Shaw in 2002. This busy off licence and convenience store stocks a range of baked goods, sandwiches, cigarettes, frozen and chilled goods as well as offering ups parcel services and National Lottery. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook.

Location

Top Shops occupies a prominent trading position within a parade of shops in a sought after residential area. The area is densely populated and boasts a number of local amenities including schools, parks and takeaways. The area is well linked by the M62 with very strong public transport links with free customer parking to the front and private owner/staff parking to the rear.

Reason for sale

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement the business is offered for sale. This 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 runs at a cost of only £195 per week – we are advised that a new five or ten year lease is available for a new owner.

Staff

The business operates with our client and partner in full time employment supported by two part time members of staff.

Financial details

Top Shops has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st December 2020 show annual turnover of £392,901 and gross profit of £56,817. Full financial information is available upon request.

Summary

This long established business occupies an enviable trading position in a sought after residential area of Shaw. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines, an online presence and delivery services. 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. Business: £139,995.

Please quote ref: 8047