City Centre Convenience Store & Café In Manchester For Sale

Business description

Preferred Commercial is delighted to offer to the market this city centre convenience store and café, which has been in our clients hands since 2006 and is only now being placed on the market due to other business interests. The business generates a turnover in the region of £1,023,000 per annum achieving a gross profit of 21%. There is scope to increase this already impressive turnover further by adding more covers in the café, extending the menu and sourcing more competitive suppliers. The convenience store benfits from an ATM and Paypoint and we have been advised that the Lottery has been granted. We feel this offers a new owner an ideal base from which to take this business to the next level. Preferred Commercial highly recommends internal viewing as only by doing so can the true quality and potential of this business be appreciated.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 15 years
Remaining: 14 years
Review: every 5 years
Rent: £60,000 per annum

Leasehold rent:

£60,000 per annum

Location:

Costcutter City Centre Convenience is located in the heart of Manchester on Shudehill. The business is located on the edge of the Northern Quarter and opposite Shudehill bus station, giving an excellent level of footfall and much passing trade. Shudehill is close to Deansgate and the Printworks is approximately 100 yards away. There are many new build apartments in the vicinity. Manchester is a vibrant city both day and night and very desirable for city centre living.

Premises details:

Prominent multi-fronted city centre convenience store and café premises. Briefly comprising:

Ground Floor
• Main sales and display area fitted to suit trade with newspaper display, 3 tier magazine stand, 2 display chiller units, 3 station counter with crisps display, cigarette gantry, 5 spirit display shelves, 6-shelf chiller unit for dairy and cooked meats etc., double freezer cabinet, shelving for drinks and cerials, large central aisle for groceries, toiletries etc., ice cream display freezer, card display racks and double chest freezer
• Café area with 52 covers, long sales counter, chilled display units and display hot cupboard,
• Kitchen, open to café with 2 fryers, hot plate, griddle, 4-burner hob, grill, toastie maker, coffee machine, stainless steel preparation tables, extractor hood and sink unit, ample storage
• Storeroom, large area almost full length of store with floor to ceiling shelving to one wall, 3 chest freezers and 4 fridge/freezers
• WC and utility
• Office
• Rear exit

Other information

Trading hours:

Mon - Thurs: 7.00am - 11.00pm
Fri - Sat: 7.00am - 12.00am
Sun: 7.00am - 11.00pm