Convenience Stores for sale in Manchester

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 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (Mar 2017)
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Leasehold Price: £240,000 Annual Turnover: £990,000 Gross Profit: £215,000 Annual Net Profit: £84,000
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Business Description
Busy Parade Shop Location
Annual Turnover £990,000
Gross Profit £215,000
Parking Available
Retirement Sale
EPC -C
REF 6118 – Leasehold Convenience Store & Off Licence

Blacks Brokers are proud to bring to the market this leasehold convenience store and off licence located in a busy and densely populated area of Wythenshawe, Manchester.

INTRODUCTION

Rick & Pete’s Go Local has been trading since 2006 when our client’s took ownership. The shop was previously a Spar. The Go Local contract began in 2016 and has 3 years remaining (correct as of February 2018). The business has become an integral part of this local community with a large base of regular customers in addition to a superb trading location bringing additional passing trade.

LOCATION

Go Local occupies a large corner plot within a busy parade of shops and other local businesses. This area is densely populated with superb public transport links and free parking available directly outside.

REASON FOR SALE

Go Local is only being offered for sale due to our client’s retirement.

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 15 years and runs at a cost of £163 per week. Full lease details are to be confirmed.

BUILDING LAYOUT AND DESIGN

Go Local is housed within the ground floor of a large, corner retail unit. The business is well branded with large, striking signage displayed to the front of the unit above the entrance and partially glazed frontage.
Inside, the main retail area is very-well presented and well stocked, with goods displayed on wall shelving, central gondolas and within display fridges and freezers as required.
To the rear of the space is a large stock room, private office area and toilet facilities.
All areas are finished to a high standard, with good quality fixtures, fittings and equipment in place.

STAFF

Go Local is currently operating with three, full-time members of staff in employment.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Go Local has traded solidly over its trading history. The business generates an annual turnover of £990,000 with gross profits of £215,000. News papers bring in £33,800 per annum, Lotto sales commission is £15,600 per annum with sales around £104,000 per annum. Paypoint brings in £520,000 per annum and payzone brings in £52,000 per annum.

SUMMARY

This leasehold business is long-established and very well-known in this area. It has a large base of regular customers and delivers impressive annual turnover year-on-year. There is some scope to develop the business further with an expansion of the shop utilising some of the space to the rear of the unit. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. It may also be of great interest to a similar business looking for instant expansion in this area. Early viewings are strongly advised. Fixtures:
CCTV

Expos stock system
Trading Hours:
MON: 06:30 - 22:00
TUE: 06:30 - 22:00
WED: 06:30 - 22:00
THU: 06:30 - 22:00
FRI: 06:30 - 22:00
SAT:06:30 - 22:00
SUN: 06:30 - 22:00

Tenure: Leasehold

Location Details: Manchester

Leasehold Term: Rent: £163 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6118
Seller Reference:
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