W/T £10,000 over 5.5 days, GP 25%.
Scope to add Alcohol & News Sales
Est 1990, Located in Sports City
Selling due to relocation
EPC – D
This successful freehold business is located in Sports City which is part of the Manchester suburb of Beswick. This area has been transformed into a huge centre for sports in the UK and boasts worldwide attention. It continues to go through extensive development incorporating the Manchester City Football Stadium (Etihad), Manchester City Academy Stadium (capacity 7,000) plus the outstanding and world renowned MCFC Training Facilities. The East Manchester Leisure Centre was opened in November 2014 providing two swimming pools, a dance studio and a gymnasium for the local community and schools. Other educational facilities within the area include East Manchester Academy, St Brigid’s Primary School, St Barnabas Primary School, Resurrection Primary C of E school, Ashbury Meadows Primary School, Connell College, Openshaw Campus and many more. The area is also seeing new large housing developments. Planned refurbishment of Grey Mare Lane Police Station is for conversion into commercial office space adjacent to Sweet City.
The Sweet City business has been established since 2011 and is now in a prime trading location with roadside parking. Within that time, the business has built a strong rapport with the local community, providing a large and loyal customer base which is constantly swelled by huge crowds drawn to nearby stadia, sport meetings and games. The shop, which also includes one bedroom self-contained accommodation, sells a variety of convenience store goods including general items, confectionery, tobacco, soft drinks, crisps, hot drinks, pies, sandwiches, bread and milk. It also has Pay Zone, Pay Point, E Pay and a cash dispenser.
As the Etihad Stadium is within walking distance of the shop, on days of events such as concerts and football matches, thousands of people pass the shop. The vendor advises that an average of 500 to 700 people enter the shop in a matter of hours.
Sales on match days increase by 50-60% with a minimum of nineteen home games + cup tournaments + Champions League matches taking place. Work began in March 2014 to increase capacity of the stadium to 60,000 seats and is due for completion by the start of the 2015/16 Premier League football season. The football season lasts for over nine months from August to May and the remaining three months are the months of summer (June, July and August). In June and July there are a number of concerts at the Etihad Stadium, when the capacity is increased to allow over 70,000 people to come and see their favourite bands and providing a huge intake of extra revenue.
The MIHP is due to open in 2016 and will deliver programmes for the local community as well as for elite athletes. It will be supported and delivered by a team of highly skilled and specialized doctors, sports injury specialists, nurses, physiotherapists and healthcare researchers.
The MIHP is the next phase of the ambitious plans that will take East Manchester from being not only a world-renowned centre for sport and leisure, but also a world leader in sport and health science and research. Once established, MIHP will attract world-leading clinical and research groups to the city and, in return, bringing more people to the area.
Blacks Brokers consider that this business clearly represents a rare and exciting opportunity for prospective buyers and has massive potential because the vendors do not currently sell newspapers, magazines or alcohol. It is clearly in an area of significant growth and has only become available due to the owner wishing to move to London because of family commitments. Our helpful staff will be pleased to arrange viewings and to provide any additional information required.Fixtures:
Pay Point, Pay Zone, E-Pay, cash dispenser, tobacco gantry, hot drinks machine, soft drinks displays, confectionery display, frozen food cabinet, three Coca Cola drinks chillers (on loan), pie warmer, Health Lottery, general displays. Dairy fridge.
Monday to Friday 08:00 to 20:00
Saturday - 12:00 - 20:00
Retail area, storeroom/office, store and WC. Outside: Lay-by parking to front, garage space to rear. Self contained first floor accommadation: Kitchen Living room Bedroom Bathroom
Location Details: Manchester
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