'Best One' Convenience Store + 3 Bed Flat In Bury

Busy Residential Trading Location
Projected Annual Turnover (2019/20) £478,400
Projected Gross Profit (2019/20) £105,248
Accounts Available Upon Viewing
Low Rent Only £110 Per Week
3 Bedroom Accommodation Included
Alcohol Licence In Place
Cash Machine Fitted
Scope To Introduce National Lottery
Operated By Family / No Staff
Free Parking
EPC - C
REF 6574 – Leasehold Best One Convenience Store & Three Bed Flat

Blacks Brokers are pleased to bring to the market this leasehold Best One convenience store and three bedroom flat located in a busy and densely populated area of Bury, Greater Manchester.

INTRODUCTION

This busy convenience store has been trading on Chesham Fold Road for over eighty years with our client in ownership since 2005. In 2011, the business was re-branded as a “Best One” shop. The business is very well known in this area and with such an impressive trading history, has a huge base of regular and loyal customers. Our client has modernised the business and introduced Paypoint and a cash machine.

LOCATION

Best One is located within a busy residential area close to Bury town centre. This is a popular area with two large schools close by and no immediate competition. The area is well linked by the M66 and M62 with superb transport links and free parking is available directly outside the shop.

REASON FOR SALE

The business would be ideally suited to a hands-on owner-operator but is currently operated by our client’s family members due to the demands of our client's other business interests being higher than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a rolling lease which began in 2005. This runs at a cost of only £110 per week and includes the three bedroom accommodation within the first floor.

STAFF

The business is currently operating with three members of staff in employment. All of whom are part of our client’s family. Our client is not involved in the day to day running of this business.

FINANCIAL DETAILS

Best One has traded solidly during the last eight decades. We are advised that the business currently has a Projected Annual Turnover (2019/20) £478,400, and a Projected Gross Profit (2019/20) £105,248. This includes £130,000 per annum generated by Paypoint and £2,700 per annum from cash machine commission. There are no royalty fees payable to Best One and the business is not in contracted to this name. Full financial details are available upon viewing.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business is long established and occupies a superb trading position within a very popular and densely populated residential area. The accommodation is very spacious and included in this very competitive rent. There is plenty of scope to develop the business further with the introduction of National Lottery (this has already been applied for and accepted) along with new product lines and a marketing drive with offers for locals. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Double open display drinks fridge

Display open fridge (beers/wine)

Slush machine

Newspaper racks

Display chest freezer x 2

Shelving