Newsagents for sale in Oldham

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Mrs Herbert (Nov 2017)
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Leasehold Price: £39,995 Annual Turnover: £150,000 Gross Profit: £35,000
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Business Description
Main Road Trading Location
Close To Oldham Hospital
Annual Turnover £150,000
Gross Profit £35,000
Short Trading Hours
Multiple Income Streams
Free Parking Available
4 Point CCTV Fitted
EPC - D
REF 6518 – Leasehold Newsagents

Blacks Brokers are pleased to bring to the market this leasehold newsagents located in a busy and much sought after area of Royton, Oldham.

INTRODUCTION

Heyside Newsagents has been operating since January 2018 when our client took ownership. Previously this shop was a newsagents for over forty years trading under a different name. The business is very well known in the area and has a large, local customer base. It is a Go Local with a wide range of products and our client has introduced additional services to the shop including Hermes parcel services, Payzone, National Lottery, The Health Lottery and much more.

LOCATION

The business occupies a prominent trading position on Heyside, this is a busy main road close to Oldham Hospital and a large industrial estate. There are several schools and large businesses in the area including a JD Williams warehouse. This area of Royton is well linked by the M60 and M62 with superb public transport links and parking is available to the side of the property.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator and is only available due to our client's family commitments. The business is therefore 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 seven years and began in 2018 at a cost of only £138 per week.

BUILDING LAYOUT AND DESIGN

Heyside Newsagents operates from the ground floor of an end terraced property within a parade of other shops and businesses. The shop is very well branded with large signage displayed above a fully glazed entrance with advertisements provided by “The Sun” and fitted metal roller shutters. Inside, the main shop is well presented with goods displayed on wall shelving and various display stands creating aisles. To the rear of the counter is a stockroom, toilet facilities and a kitchen. All fixtures and fittings are of good quality.

STAFF

The business is currently operating with only our client in employment.

FINANCIAL DETAILS

Heyside Newsagents has traded solidly since opening. We are advised the business has annual turnover of £150,000 and gross profit of £35,000. This includes £100 per week generated by Hermes parcel services, £150 per week from Payzone, £25 per week commission from National Lottery and £580 - £600 per week from the news sheet. Further financial details are available upon viewing.

SUMMARY

This leasehold business occupies a superb main road trading position close to busy schools and Oldham Hospital. There is plenty of scope to develop the business further with the introduction of staff to allow for longer opening hours. A social media following would also be beneficial. 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:
CCTV (4)

Shelving

Mag shelving

Newspaper stand

Double card stand

3 x Display drinks fridge

Display freezer

Till

Shutters
Trading Hours:
Mon - Sat - 5am - 6pm
Sun - 5am - 4pm

Tenure: Leasehold

Location Details: Oldham

Leasehold Term: Rent: £138 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6518
Seller Reference:
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