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Retail premises for sale

£12,500

1 Milrow Road, Oldham OL2

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Property description

Business
Hilton Smythe is delighted to welcome to the market this well-established locksmith, shoe repair and key cutting business, ideally located within Shaw, near Oldham, Greater Manchester.

The business was originally established by our client in 1995 and has been on the present site since 2010. Only now is the business being offered to the market due to our client’s desire for a well-deserved retirement and family commitments. The business operates 6 days per week and generates a turnover in the region of £41,600 per annum, with a gross profit of approximately 90%.

Our client offers a variety of services including key cutting, which includes coded car keys, locksmith activities, watch repairs and shoe repairs, as well as a small amount of retail of ancillary items. The property boasts the main shop and service area, a workroom to the rear and WC facilities.

The business has built up an excellent reputation within the area for the high quality of the services offered, which has resulted in a very loyal client base, with a high amount of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover, as the business is currently run at a pace to suit our client due to unforeseen circumstances. A new owner could also embark on a modest marketing campaign to promote the business. There is also scope to expand and increase the stock sold.

This is an excellent opportunity for a new owner, with drive and enthusiasm, to take this already busy business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Location
Phoenix Services (Shaw) Ltd occupies ground floor premises, ideally located within the town of Shaw, near Oldham, Greater Manchester. The business is situated on the busy Milnrow Road and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from good car parking facilities within the area.

Shaw is a town and civil parish within the Metropolitan Borough of Oldham. It lies on the River Beale at the foothills of the South Pennines. According to the 2011 census, the town had a residential population of 21,065. Shaw and Crompton has communal areas and public facilities, including public parks, sporting establishments and playing fields.

The area of the business is well served by the public transport system with bus stops within easy walking distance of the property. The nearest tram station is less than 5 minutes’ walk away. The area is also well served by the a-roads, with the A663 within close proximity, which links to the national a-road and motorway networks. Oldham is approximately 4 miles away and Rochdale is also 4 miles away.
Premises
Ground floor premises, ideally located on a main road, briefly comprising:

Main sales and display area.

Serve over counter with cash register and credit/debit card terminal..

Perimeter shelving.

Work areas.

Work room to rear.

WC.

Kitchenette.

Equipment included:

Whitefield Wiley Finisher (on lease).

Press.

Decryptor for car keys.

Sole stitcher.

Cylinder key cutter.

Mortice key cutter.

Tibbe key cutter.

Patcher.

Laser cutter.

Shelving and display units.

External:

Good clear signage and A board.
Tenure
We are advised Leasehold.

New lease to be negotiated.

Rent: £120 per week.
Hours
The business is open:

Monday: 9.00am – 5.00pm

Tuesday: 9.00am – 4.00pm

Wednesday –Friday: 9.00am – 5.00pm

Saturday: 9.00am – 4.00pm

Sunday: Closed
staff
The business is owner run and managed.
Financial profile
The business generates a turnover in the region of £41,600 per annum, with a gross profit of approximately 90%.

What Zoopla users think of Shaw

Overall rating:

  • currently 4 stars
Very good - 80% (29 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Shaw:

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Rochdale (3.3 miles)
  • Castleton (Manchester) (3.6 miles)
  • Mills Hill (Manchester) (3.8 miles)
  • Manchester International Airport (17.2 miles)
  • Leeds Bradford International Airport (26.6 miles)
  • Liverpool John Lennon Airport (35.5 miles)
  • Liverpool Belfast Ferry Terminal Bootle (38.7 miles)
  • Liverpool Pier Head Ferry Terminal (39.0 miles)
  • Liverpool Isle of Man & Dublin Terminal (39.1 miles)

Nearby schools

View all schools in Oldham
  • East Crompton St James CofE Primary School (0.2 miles)
  • Farrowdale House School (0.2 miles)
  • Beal Vale Primary School (0.2 miles)
  • The Oldham College (2.7 miles)
  • Greater Manchester Sustainable Engineering UTC (2.7 miles)
  • Oldham Sixth Form College (2.9 miles)
  • The Crompton House Church of England Academy (0.6 miles)
  • Royton and Crompton School (0.8 miles)
  • Elland House School (1.6 miles)
Note: Distances are straight line measurements

Local info for Oldham

About the neighbours in OL2

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on 01204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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