Prominent Corner Trading Position
Close To Etihad Stadium
Projected Turnover YE 2022 - £400,000
Accounts Available Year End 31st May 2021
Annual Turnover £251,876
Gross Profit £50,282
Accounts Available After Viewing
Newly Fitted 2021
New Lease To Be Negotiated
Scope To Introduce Lottery
Potential For Alcohol Licence
EPC - G
REF 7840 – Leasehold Newly Fitted Newsagents & Convenience Store
Blacks Brokers are pleased to bring to the market this leasehold newly fitted newsagents & convenience store located in Openshaw, Manchester.
Charlie's Newsagents & Convenience Store was established by our client in this densely populated area of Manchester in 2012. In 2021 the business underwent a full refurbishment. The business offers a range of products including convenience produce and groceries. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a good amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation.
Charlie's Newsagents & Convenience Store occupies a prominent corner trading position close to many residential properties but just a short distance from the town centre. There are also a number of other amenities nearby including schools, parks and colleges. The area is well linked by the M60 and A57(M) with very strong public transport links and parking is available in the immediate area.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. A new lease will be fully negotiated with our client – this can be a five or ten year lease as required and this will run at a cost of £300 per week.
The business operates with our client in full time employment supported by one member of staff.
Charlie's Newsagents & Convenience Store has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st May 2021 show annual turnover of £251,876 and gross profit of £50,282. Full financial information is available upon request.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This well established business occupies an enviable trading position in a busy area of Openshaw. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new services such as The National Lottery and alcohol sales. 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.