Hilton Smythe is delighted to welcome to the market this well-established and popular convenience store/off licence business in Withington, Manchester. The business was established by our client in 2002 and is only now being offered to the market due to our client`s desire to re-locate.
The business operates 7 days per week and generates a turnover in the region of £520,000 per annum, with a gross profit of approximately 25%. Our client offers a wide range of convenience lines, frozen foods, alcohol, confectionery and tobacco, together with an excellent selection of cold drinks and snacks. The business benefits from an ATM machine and offers Paypoint facilities, which are located within the store, as well as the sale of Lotto scratch cards. We are advised that the business now also offers the Lottery and Payzone facilities.
The business has built up an excellent reputation within the area for the high quality of the goods available, which has resulted in a very loyal client base, with a vast amount of repeat trade. We feel there is scope to increase the turnover by extending the range of convenience lines offered.
This is an excellent opportunity for a new owner to take this thriving business to the next level, as we believe this business still has huge scope for further development and expansion; therefore early viewing must come highly recommended to avoid disappointment.
Withington Off Licence occupies substantial ground floor premises, ideally located within a parade of complimentary shops and businesses in Withington, Manchester. The business is located on the busy Mauldeth Road and benefits from a vast amount of footfall and passing trade. The property is surrounded by densely populated residential areas, from which the business derives much of its trade. Withington is a suburban area of Manchester and lies four miles south of Manchester city centre, with a population of just over 14,000 residents.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is less than half a mile away. The area is also well served by the A-roads with the A34 being just a short drive away, which links to the vast A-road and motorway networks. Stockport is approximately 3½ miles away and Oldham is 10 miles away.
Double fronted, ground floor lock up retail premises, briefly comprising:
Main sales and display area with:
Racking and shelving to perimeter walls.
Central display aisle.
3 x chiller cabinets.
2 x ice cream freezers.
Scratch card display.
Serve over counter with electronic cash register.
Large rear storage area.
Small kitchen area with sink unit.
Electric shutter doors.
The business is fully alarmed and benefits from CCTV with 16 cameras.
We are advised Leasehold:
Original lease length: 10 years
Remaining lease length: 10 years
Review every: 3 years
Rent: £1,200 per month
The business is open:
Monday – Sunday: 7.00am – 11.00pm
The business is owner run and managed with 3 x staff members
The business generates a turnover in the region of £225,000 per annum, with a gross profit of approximately 20%.
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