Convenience Stores for sale in Denton

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Convenience Store - Greater Manchester

Denton, Greater Manchester, England

  • Leasehold Price: £59,995  Price Reduced arrow_drop_down
  • Annual Turnover: £277,098
  • Annual Gross Profit: £80,680
Seller Reference: 7307
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Business Description
 
 
 
 
 
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Seller Reference: 7307
Request Details
Business Description
Prominent Trading Position
Based Within A Post Office
Accounts Available Year End 30th November 2019
Annual Turnover £277,098
Gross Profit £80,680
Full Financial Information Available After Viewing
Strong Customer Base
Two Upper Floor Flats Available To Rent
Heavy Footfall Area
Highly Reputable Post Office
Scope To Expand Product Range
Potential For Delivery Service
Blacks Brokers are pleased to bring to the market this leasehold convenience store located in Denton, Manchester.

INTRODUCTION

Mace has been trading within Denton Post Office on Manchester Road since our client took ownership in 2017 previously there has been a post office and convenience store trading from these premises for many years. The business has an outstanding reputation and therefore attracts a large amount of trade as the business is at the heart of the local community.

LOCATION

Situated on Manchester Road the business benefits from a heavy footfall in this busy location. Located just off this busy main road.

REASON FOR SALE

This opportunity has become available due to our client wishing to concentrate on the post office side of the business.

LEASE

The building is available for rent on a FRI basis ( Full Repair and Insurance). This is the most common type of lease. The lease has a 10 year term and will commence upon completion. The current rent is £15,000 per annum.

BUILDING LAYOUT AND DESIGN

The lease covers the ground floor of the property. It has a smart corner entrance with striking signage. The shop is fully alarmed.

The shop is well laid out with the post office section to the rear of the building. Our client will continue to operate the post office side of the business.

STAFF

Our client operates the business with the assistance of two part time members of staff.

FINANCIAL DETAILS

Currently the business is trading strongly and can show turnover growth month on month. The accounts year end 30th November 2019 show that the business has an annual turnover of £194,131

BUSINESS RATES

The business rates are to be confirmed as the premises is shared.

SUMMARY

The business offers a solid trading platform for a new owner and this makes this proposition an exciting one as it shows steady growth over the years and recently has begun to struggle die to demands from the post office side of the business our client has been unable to dedicate enough time on the retail side.

This is an exceptional opportunity to acquire this busy store which is now ready to be pushed on to the next level. It is rare that an opportunity of this calibre is available on the open market and therefore early viewings are advised.
Tenure:
Leasehold
Location Details:
Denton
Leasehold Term:
£2588 Per Week
Listed by:
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