Hilton Smythe welcomes to the market Ali`s Mini Market. The business was originally established over 50 years ago. This is a well-established shop with a great reputation for its range of products and customer service. The owner is now looking to sell the business after 6 years due to the desire to focus on other business interests.
The shop runs as a traditional convenience store selling a range of products such as alcohol, cigarettes, confectionary, household products, and convenience products. They also offer a coping service. The owner was considering selling homemade takeaway food. This would be great for customers who are traveling to or from work.
The business generates a healthy turnover of around £468,000 per annum with a gross profit of 20%. This is a healthy turnover that could be increased in several ways. The store currently has varied opening hours. By having set hours the store should see more custom. Also opening later on into the evening would be a great way of boosting income.
Above the store is a two bedroomed flat which is currently used by our client. However, the purchaser could choose to rent the flat out for an extra monthly income. Due to the location this could be a generous amount.
The owner could also look to introduce a Payzone and a Lottery terminal. This is a great way of generating an extra turnover. This is a convenience store that is set within a heavily populated location. The owner sees a generous amount of repeat loyal trade.
This is a fantastic opportunity for a purchaser looking to take over a well-established convenience store with owner’s accommodation. Hilton Smythe highly advise early viewing, to avoid disappointment.
Ali`s Mini Market is located in Greater Manchester.
The business is situated approximately 4 miles away from the centre on Manchester. This is a fantastic location as the shop is a corner premise on a main road. The road on which the business is located runs directly into Stretford. This is a great area as there is heavy footfall due to the easy commute to surrounding towns and cities.
Although the shop is on a main road location this is a densely populated location. There is part of the Manchester University directly facing, from which the business receives much of its trade.
The area has great public transport with bus stops within a 1 minute walk away. These have regular daily routes into the centre of Manchester and the closest train station is also just a short 3 minute drive away.
The business boasts a corner premise on a main road. The premise is well-signed, this is clear to passing trade.
On entrance is the open plan trading area. There is perimeter shelving and two isles running through the centre of the shop. The counter is located to the right on entrance, behind the counter is shelving for alcohol and a cigarette gantry. To the rear of the shop is a large fridge freezer for food and drink.
There is an exit that leads through to a kitchen and toilet. There is also a staff lounge with TV and separate kitchen. An additional stock room is located through another door at the back with roller shutters and commercials bins.
First Floor Flat
2 x double bedrooms
1 x bathroom with shower
1 x modern kitchen
All rooms upstairs could do with a little TLC but are definitely liveable. The flat is a great size and has potential to be let out.
Equipment included in the sale is as follows-
ATM cash machine
Fridge freezers on lease at £130 a month
There are roller shutters fitted on windows and doors.
We are advised the business is being sold as a leasehold opportunity.
Original lease length: 10 years
Remaining lease length: 4 years as of 2016.
Rent: £1,600 per month
The business is opening hours-
The opening hours vary every week but range between 6am & 11pm.
The business is run and managed by our client with the help of other staff.
The business generates a turnover in the region of £468,000 per annum.
Gross profit 20%
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