Convenience Stores for sale in Oldham

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Convenience Store/Post Offices x 2-Oldham/Rochdale

Oldham, Greater Manchester, England

  • Leasehold Price: £449,950
  • Sale Agreed
  • Annual Turnover: £2,258,277
  • Annual Gross Profit: £259,209
Seller Reference: 7316
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Business Description
 
 
 
 
 
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Seller Reference: 7316
Request Details
Business Description
Two Prominent Trading Positions
Accounts Available Year End 31st May 2019
Annual Turnover £2,258,277
Gross Profit £259,209
Accounts Available After Viewing
Retirement Sale
Both Stores Have Post Offices
Management In Place
Scope To Expand Product Lines
Potential For Longer Opening Hours
EPC - C
REF 7316 – Two Leasehold Off Licences With Post Offices

Blacks Brokers are pleased to bring to the market these two leasehold off licences with Post Offices located in Oldham and Littleborough, Greater Manchester.

INTRODUCTION

Our client established Bargain Booze Oldham in 2008 and purchased the already established Bargain Booze Littleborough in 2011. The businesses both offer convenience and off licence products as well as Post Office services. Both are very well known in the local areas and have a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to their excellent trading positions. Our client has ensured the businesses have excellent reputations and superb reviews are noted online. There is currently no website or social media presence for these shops.

LOCATION

Oldham:
The business occupies a main road trading position within a residential area of the town. The area is densely populated and other local amenities include schools, nurseries, pubs and small businesses. The area is well linked by the A627(M) with very strong public transport links and parking is available immediately outside.

Littleborough:
The business again occupies a main road trading position within a parage of shops and offices. This area is also densely populated with neighbouring businesses including independent retailers. Rochdale Infirmary and town centre is close by and the area is well linked by the M62. Parking is again available immediately outside the property.

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

Oldham:
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 ten year lease which began in 2020 at a cost of £384.60 per week. The landlord at this property is our client

Littleborough:
This building is also available on a Full Repair and Insure lease (FRI lease) with a private landlord. The current lease is a ten year lease which began in 2020 at a cost of £300 per week.

STAFF

The business operates with twenty members of part time staff split across both sites, this includes a team leader and Post Office manager.

FINANCIAL DETAILS

Both stores have traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st May 2019 show a combined annual turnover of £2,258,277 and gross profit of £259,209. Full financial information is available upon request.

BUSINESS RATES

Each shop has a rateable value of £4,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

These well known and long established businesses both occupy enviable trading positions in highly sought after areas of Greater Manchester. Our client has secured a strong customer base at both sites and an exceptional reputation. There is plenty of scope to develop the shops further with the introduction of new product lines and longer opening hours, possibly a collection and drop off service where appropriate. 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. Fixtures:
Shelving

Racking

Epos Till x 2

Wifi & Rijo Coffee Machine x 2

Slush Machines At Both Stores

Ice Cream Chest Freezer At Both Stores

Chilled and Frozen Food Display Fridges At Both Stores

Vape Stand At Littleborough Store
Trading hours:
Littleborough

MON - SAT: 06:00 - 20:00
SUN: 07:00 - 19:00
Oldham

MON - THU: 06:30-20:00
FRI & SAT: 06:30-21:00
SUN: 07:00-20:00
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Oldham: The business operates from a spacious corner terraced property on a busy road. The business has large branding and signage on display above the main entrance with matching frontage. Inside, the main retail area is well presented with counter positioned to the side. The Post Office fortress is positioned to the rear of the space with storage are behind. The first floor is used for additional shop storage.

Littleborough: The business operates from the ground floor of a large end terraced property with large branded frontage. The main retail space is again well presented and fully fitted with Post Office and serving counters to the rear. To the back of the counters are two large storage rooms and a toilet.

Both stores are well fitted, fully equipped and nicely presented. There are excellent storage facilities at both stores as well as CCTV.

Location Details:
Oldham
Leasehold Term:
Littleborough £300 per week; £384 per week Oldham
Listed by:
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