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Home Furnishings Retailer - Oldham For Sale

Oldham, Greater Manchester
Asking Price:
£25,000 Furniture / Fixtures included
Sales Revenue:
£62,509
Cash Flow:
Available on request

Prominent High Street Location
New Lease To Be Negotiated
Accounts Available to 31st March 2018
Annual Turnover £62,509
Gross Profit £27,975
Accounts Available After Viewing
Low Rent of £135 Per Week
Retirement Sale
Enviable Reputation
Closed Sunday's
EPC - C

Blacks Brokers are pleased to bring to the market this leasehold curtain, blinds and soft furnishings business located in Shaw in Oldham , Greater Manchester.

INTRODUCTION

Interiors has been trading on Market Street in the heart of Shaw for over two decades, our client acquired the business in 2004. The business has generated a huge amount of goodwill and has an enviable reputation within the local area.

LOCATION

Situated right in the centre of Shaw and located amongst big name multiples as well as local independents this bustling shopping area is certainly a prime retail location.

REASON FOR SALE

This opportunity has become available due to our clients retirement plans and therefore this has created an exciting opportunity to acquire this family run business.

LEASE

The building is available for rent on a FRI basis ( Full Repair and Insurance). This is the most common type of lease. The current rent is £7,000 per annum. There will be a new lease offered upon sale.

BUILDING LAYOUT AND DESIGN

This single fronted property has a smart exterior with striking signage. The lease covers the ground floor only of the property and whilst there is accommodation above this is not part of this proposition. The shop front has electric shutters and is fully alarmed. The shop has a bus stop immediately outside and this certainly adds to the busy footfall of the location.

Once inside, the store is well laid out and has a clean crisp feel. Our client has created a shop fit that maximises all the available space within the building. There is a customer serving area to the front with racking throughout the entire sales floor allowing the business to display an impressive range of merchandise. To the rear of the shop are staff toilets and a kitchen area for staff comfort.

STAFF

This is a family run business that is supported one additional member of full time staff.

FINANCIAL DETAILS

Currently the business is trading strongly and can show consistent figures over the years. As shown on the latest set of accounts year end 31st March 2018 there is a turnover of £62,509 with a healthy gross profit of £27,975 we have established an adjusted net profit of £16,000.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief.

SUMMARY

This is a family run business that has been trading consistently over two decades. Our client has been in ownership for over 15 years and over that time has enjoyed sales from repeat custom, referrals and word of mouth. The business has a social media presence but no online store as due to its location the business has always enjoyed a good footfall and strong passing trade therefore our client has focused on a traditional retail income stream. A new owner could build upon this high street trade by developing an e-commerce income stream that could ‘piggy back’ off its already established social media audience. This very well respected business presents an excellent opportunity for a new owner operator to enjoy and develop. Early viewings are advised as an speedy completion is anticipated.

Property information

Property:

Leasehold

Business Operation

Trading hours:

MON - FRI: 09:30 - 17:00
SAT: 09:30 - 16:00
SUN: CLOSED

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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