Sovereign are pleased to bring to the market this high turnover and profitable leasehold convenience store, located 3 miles from Manchester city centre. This is a rare opportunity to acquire a first-class business which occupies an enviable trading position.
The shop is very well known within the area and is heavily relied upon amongst the local community. The business has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade throughout the day and night, due to its excellent trading position. Our client has ensured the business has an excellent reputation, having operated a convenience store in the area since 1982. The business offers a wide range of beers, wines, spirits, cider, confectionary, food (chilled and frozen) and other sundries.
The convenience store occupies a substantial ground floor premises on a busy parade of independent shops. There is also ample unrestricted layby parking to the front of the premises. The business is currently operating as a Bargain Booze Franchise and has the usual red Bargain Booze signage.
Inside, the fit out has been carefully thought out to ensure that maximum stock can be displayed. The shop is fully fitted with fridges and freezers, display shelving and central gondolas. All fittings are three years old. The counter is fitted with two electronic EPOS tills and a National Lottery terminal. There are large storage rooms, one of which is fitted with kitchenette and toilet, the other with an office and an additional EPOS till for management use. Each area of this business is finished to a high standard and has been carefully considered for optimum use and flexibility.
In summary, this well placed business shows impressive takings on a consistent basis and has shown continuous growth throughout the pandemic. There is plenty of scope to develop the business further with the implementation of an ecommerce website with ordering capabilities and expansion of other existing offerings. There is also potential to extend the current opening hours from 6am until 11pm in line with the licence already granted. 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.
Business ID: 2812
Annual Turnover Circa £1,532,144 Gross Profit 17%
Vast Scope To Introduce An Online Sales Platform and Expand Existing Digital Offerings
Prime Sought After Location
Genuine Retirement Sale