Newsagents for sale in Oldham

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Newsagents and Convenience Store In Oldham

Oldham, Greater Manchester, England

  • Leasehold Price: £39,995
  • Annual Turnover: £84,605
  • Annual Gross Profit: £29,232
Seller Reference: 6518
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Business Description
 
 
 
 
 
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Seller Reference: 6518
Request Details
Business Description
Busy Main Road Trading Location
Accounts Available 5th April 2020
Annual Turnover £84,605
Gross Profit £29,232
Hermes And DHl Service Point In Place
New Fittings Added in 2020
Accounts Available After Viewing
Close To Oldham Hospital and Next Door to Post Office
Low Rent of £157/week
Short Trading Hours - Multiple Income Streams
Busy Footfall to Shopping Area
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 July 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 £157 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 an Annual Turnover £84,605, with a Gross Profit £29,232.
Increased Sales in Previous 12 Months by 35%. 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. There has also been a coffee machine and 'Grab and Go' station introduced in 2019. 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

7 Fridges

Coffee Machine

Display freezer

Till

Shutters
Trading hours:
Mon - Sat - 5am - 6pm
Sun - 5am - 3pm
Tenure:
Leasehold
Location Details:
Oldham
Leasehold Term:
£157 Per Week
Listed by:
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