Off Licences for sale in Manchester

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Convenience Store, Off Licence & Accomm - Eccles

Manchester, Greater Manchester, England

  • Leasehold Price: £30,000
  • Annual Turnover: £169,856
  • Annual Gross Profit: £7,009
Seller Reference: 6595
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Business Description
 
 
 
 
 
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Seller Reference: 6595
Request Details
Business Description
Main Road Trading Location
Annual Turnover £169,856
Accounts Available Upon Viewing
4 Bedroom Accommodation
Multiple Income Streams
Rental Income £920 Per Month (Sublet)
Refurbished In March 2017
Within Busy Parade Of Shops
Close To Large Multiples & City Centre
Excellent Local Transport Links
Scope To Develop/Expand Business
Operated By Staff
EPC - C
REF 6595 – Leasehold Convenience Store & Off Licence With Accommodation

Blacks Brokers are pleased to bring to the market this leasehold convenience store, off licence and accommodation located in a very busy area of Eccles, close to Manchester city centre.

INTRODUCTION

Eccles Convenience Store & Off Licence has been trading on Church Street in Eccles since April 2017. There has been a convenience store positioned here for many years, however our client completed a full refurbishment in early 2017. The business is very well known with a large base of regular customers and an excellent reputation. The first floor of this property is currently sublet on a multiple occupancy basis and this generates £920 per month.

LOCATION

Church Street is a busy main road within a ten minute drive from the city centre. The area is well linked by the M602 with excellent public transport links close by including Eccles Interchange. Other businesses in the area include independent retailers in addition to large multiples such as Aldi, Wilko, Morrisons and many more. Parking is available in the surrounding areas.

REASON FOR SALE

The business would be ideally suited to a hands-on owner-operator but is currently operated by staff only 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 18 years with rent reviews every 3. The current lease began in 2017 at a cost of £300 per week. This includes the accommodation within the first floor which is currently sublet.

STAFF

The business is currently operating with two members of full time staff in employment. Our client is not involved in the day to day running of this business.

FINANCIAL DETAILS

Eccles Convenience Store & Off Licence is operating well and we are advised that the business generates annual turnover £169,856. This includes £300 per week from National Lottery and around 30% of takings are cigarette sales. Full financial details are available upon viewing.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a superb trading position within a busy parade of shops. Our client invested heavily in the refurbishment in 2017 and has created a modern shop with a good range of products available. There is plenty of scope to develop the business further with the introduction of more product lines – our client advises us that the development of world foods would be beneficial in this area of Manchester. A new owner operating team would also be beneficial for consistency of service and would reduce staffing costs significantly. 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:
Shelving

Racking

CCTV

Ice Cream Fridge

Counter

Till

Display Chillers

Upright Display Fridge
Trading hours:
Mon - Sat - 8am - 10pm Sun 8am - 9pm
Tenure:
Leasehold
Is accommodation included?:
Eccles Convenience Store & Off Licence operates from the ground floor of a large mid terraced building that was once two properties. The business has large “Best One” signage displayed above a fully glazed frontage which is fitted with cash machine and metal security shutters. Inside, the main shop is well presented with a wide range of convenience and off licence products. The shop was newly fitted in 2017 and is equipped well. To the rear is a storage area and staff toilet. Eccles Convenience Store & Off Licence operates from the ground floor of a large mid terraced building that was once two properties. The business has large “Best One” signage displayed above a fully glazed frontage which is fitted with cash machine and metal security shutters. Inside, the main shop is well presented with a wide range of convenience and off licence products. The shop was newly fitted in 2017 and is equipped well. To the rear is a storage area and staff toilet.
Location Details:
Eccles
Leasehold Term:
£300 Per Week
Listed by:
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