Are you a Business Owner?
Set up your Private Seller Account and create your listing today
Get Started Here
Popular Woodley Precinct On Busy Main Road
Latest Accounts To 31st March 2018
Annual Turnover £346,411
Gross Profit £119,165Ran Under Management
Large Premises With Free Parking For 3 Vehicles
Ideal For Owner-Operator / Team
Scope For Change Of Use
7 Point CCTV, Alarm & Shutters Fitted
Alcohol Licence In Place
EPC - D
REF 6277 – Leasehold Discount Store
Blacks Brokers are pleased to bring to the market this leasehold discount store located in a busy and densely populated area of Stockport, Greater Manchester.
INTRODUCTION
Priceless Discounts has been trading on Wellington Road since 2016 and was established by our client. The business offers a wide range of discount products including cleaning products, food, drinks and much more. Our client has applied for an alcohol licence which has now been granted. Most custom is local and/or repeat business with additional passing trade due to the busy location and complementary business nearby.
LOCATION
The business is positioned on a busy main road with excellent access to the M60 and Stockport town centre. The area has a good combination of both residential and commercial properties, with Stockport College nearby and public transport links are good. There is parking available in the immediate area.
REASON FOR SALE
The business would be ideally suited to a hands-on owner-operator or team but is currently operating under management due to the demands of our client's other business interests being higher than anticipated. Therefore, the business 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 ten years with rent reviews every three. The current lease began in 2016 at a cost of £442 per week.
BUILDING LAYOUT AND DESIGN
Priceless Discounts operates from with ground floor of a large property with a number of flats on upper floors – the business lease is for the ground floor only. The business is very well branded with large signage and branding displayed above a fully glazed frontage. Inside, the main shop floor is very large and professionally fitted with wall shelving, central gondolas and display fridges and freezers. To the rear of the shop floor is a kitchen area, toilet facilities and two loading bays.
All areas are presented well with good quality fixtures, fittings and equipment in place.
STAFF
The business is currently operating with five members of full-time staff including one manager. Our client is not currently involved in the day to day running of the shop.
FINANCIAL DETAILS
Priceless Discounts has traded solidly since opening. The business generates an annual turnover of £346,411 with gross profits of £119,165. Full financial details are available upon viewing.
SUMMARY
This leasehold business is well positioned on a busy main road and has established a large base of repeat customers. There is plenty of scope to develop the business further with the introduction of alcohol sales, along with extended product lines and potentially a change to an off licence. The business hours could also be increased and as mentioned above, the influence of a hands-on owner-operator would benefit the business greatly. This proposition could also be of great interest to another similar business looking for instant expansion in this area of Manchester. Early viewings are strongly advised.