Previously a CO-OP for 50+ Years
Projected Annual Turnover £728,000 Based On Current Weekly Takings
CO-OP Trading Figures £1m+
Further Financial Info Available After Viewing
Prominent Main Road Location
Scope To Introduce Additional Services
CCTV Fitted Throughout
EPC - C
Blacks Brokers are pleased to bring to the market this leasehold convenience store located in Blackburn, Lancashire. INTRODUCTION
Nisa Local has been trading on Whalley New Road since April 2020 previously the business traded as a co-op for over fifty years and therefore attracts an outstanding amount of trade as the business is at the heart of the local community. LOCATION
Situated on Whalley New Road the business benefits from a heavy footfall in this busy location. Located just off a major roundabout on this busy main road about a mile from the nearest railway station and four miles from the M6. REASON FOR SALE
This opportunity has become available due to our client wishing to relocate and therefore the business has been placed on the open market at this appealing price point. 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 that started in April 2020. The current rent is £17,000 per annum for the first three years and thereafter £20,000 per annum which represents excellent value for such a prime location property. STAFF
The owner is supported by one full time member of staff and four part time employees. All staff have contracts of employment. FINANCIAL DETAILS
Currently the business is trading strongly and can show turnover growth month on month. We are informed by our client that the business has a projected annual turnover of £728,000 based on the current weekly takings, this excludes any additional services such as lottery and newspaper sales. It is to be advised that before our client rebranded the business as a Nisa Local it was trading as a co-op with an annual turnover of £1,041,196 and should s new client come in and be able to dedicate their full time to the business and reintroduce the lottery and newspaper sales then the shop would be trading at a similar turnover to this.BUSINESS RATES
The business currently benefits from Small Business Rates Relief. SUMMARY
This newly re-branded ex-Co-Op store is trading strongly since April 2020.
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. The business would benefit from a strong advertising campaign to build the customer base along with the introduction of hot food due to customer demand.
This is an exceptional opportunity to acquire a newly rebranded 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. Fixtures:
Chiller Display Cabinets
CCTV With 16 Cameras
Epos Till x 2
MON - SUN: 07:00 - 22:00
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
The lease covers the ground floor of the property. It has a smart double fronted exterior with striking signage. The shop is fully alarmed.
The main electronic sliding doors lead into the large retail area with the serving counter to the left hand side. There are three gondola aisles running along the store which is approximately an impressive five hundred square metres in size. To the rear there is a stock room and storage area together with a managers office.
The store is protected by a full colour sixteen camera CCTV system.
£327 Per Week For First 3 Years