Music Shops for sale in Chadderton

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Mr & Mrs Campbell (Jan 2015)
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Freehold Price: £340,000 Price Reduced Turnover: £78,000
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Business Description
BUSINESS
Hilton Smythe welcomes to the market AA Second Chance.  Originally founded by our client over 30 years ago the business has a fantastic reputation and is very well supported by the local community with a regular loyal client base and seeing much repeat trade.

AA Second Change specialises in second hand musical equipment, with a vast selection of quality guitars and amps from classic vintage ranges to brand new.  Additional stock lines include speakers, drum kits, saxophones and a fantastic range of brass instruments, disco lighting and PA consoles.  Additional revenue is generated through diverse lines such as cycles, hobby equipment and other types of used goods.  Second Chance also offer a selection of PC’s, laptops, LCD screens and a good selection of fishing rods and accessories.

Furthermore, additional revenue is derived from two flats which are currently let and yielding a combined income of £9,100 per annum. One of the flats are currently being refurbished.

We believe the business has the potential to further expand, perhaps by developing the website to include on-line sales and promoting the business via local schools, library and colleges or alternatively extending opening hours. We are advised our client has recently launched a website for the business.

We highly recommend early viewing of this profitable and clearly sustainable business opportunity which genuinely comes to the market as our client looks towards a well deserved retirement.

LOCATION
The business is located in the vibrant town of Chadderton, Greater Manchester.

AA Second Chance occupies a prominent trading position in the heart of a densely populated residential area, close to Oldham town centre and fronting onto the main A669 arterial road running through the town, ensuring heavy passing traffic.

Chadderton is around 1 mile from the large town of Oldham, 4.5 miles from Rochdale and approximately 6 miles from the City of Manchester.  The town has a large population of circa 33,000, and is well supported by public transport with two railway stations in the area and network of buses running through the region.  The town is easily accessible from both the M60 and M62 motorways.

PREMISES
Double fronted, two storey end terrace premise briefly comprising:-

Well presented frontage with good visible signage.

Two retail areas, one dedicated to displaying musical equipments. The other retail area is purpose fitted to display a mixed range of second hand goods, sales and display counter with shelving around part of perimeter.

To the rear are the kitchen and toilet facilities.

On the first floor is the self contained living accommodation with a 2 bedroom flat and 1 bedroom flat with rear and side entrance.

TENURE
We are advised Freehold.

HOURS
The business opens:-

Monday, Friday and Saturday 9.00am – 5.00pm

Tuesday, Wednesday and Thursday 9.00am – 3.00pm

Sunday closed.

STAFF
The business is owner run and managed with the assistance of 1 part time member of staff.

FINANCIAL PROFILE
The business reports a weekly turnover of circa £1500.


Tenure: Freehold

Listed by: Hilton Smythe
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