Convenience Store with Large Accommodation
Advert ref: #2935
Category: Retail -> Newsagents
Location: England -> North West -> Lancashire -> Oldham
Category: Retail -> Newsagents
Location: England -> North West -> Lancashire -> Oldham
Business for sale
Asking Price:
£190,000
Turnover:
£209,000
Annual profit:
£19,500
Audited accounts:
No
Management accounts:
Yes
Business description
The Business Partnership is pleased to present the opportunity of purchasing this general Convenience Store with two, 3-bedroomed flats within the accommodation.The convenience store occupies the front of two properties with space of around 450 sq ft. Offering a full range of news, tobacco, confectionery, convenience goods, alcohol and Payzone. The business turnover exceeds £4,000 per week with a gross margin of 18%. The shop fixtures and fittings are included in the price.
Although not freehold, the property is on a long lease with around 929 of a 999 year lease remaining. Rates are approximately £700 per annum.
At the rear of the shop is an entrance to the owners accommodation which has been modernized to a high standard. Kitchen, dining room and lounge are behind the shop with stairs up to the 2 double and 1 single bedrooms, and the family bathroom. There is a covered area outside with secure parking for 2 cars.
The second flat is accessed via its own entrance. Similarly, the kitchen, dining room and lounge are behind the shop with stairs up to the 2 double and 1 single bedrooms, and the family bathroom. This flat is currently let at £75 p.w. Both flats are double glazed throughout.
Please ask for full details or to arrange to view the property.
Employee details
Fulltime staff:
0
Parttime staff:
3
