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Popular Convenience Store On Busy Main Road For Sale

Manchester, Greater Manchester
Asking Price:
£60,000 Furniture / Fixtures included
Turnover:
£160,759
Net Profit:
£14,398

Established Since 2013
Annual Turnover £160,759
Gross Profit £53,000
Situated on a Busy Parade of Shops
Busy Main Road Location

REF 5906 – Leasehold Convenience Store

Blacks Brokers are proud to bring to the market this leasehold convenience store located in a popular and busy area of Blackley, Manchester.

INTRODUCTION

A-Z Convenience Store has been trading on Old Market South since 2013 when our client opened the business and over that time it has firmly established itself within the local community, gaining a large customer base. The business offers a huge selection of convenience products at competitive prices.

LOCATION

A-Z Convenience Store is positioned close to a large residential area and two popular primary schools. Old Market South is a very busy main road which leads to the nearby town of Harpurhey. North Manchester General Hospital is also close by.

REASON FOR SALE

A-Z Convenience Store is only being offered for sale due to our client’s other business commitments.

LEASE

The building is available on a competitive rent on an Internal Repair Only lease (IRO lease). The current lease is a rolling annual lease and this began in 2013 at a cost of £11,500 per annum.

BUILDING LAYOUT AND DESIGN

A-Z Convenience Store is housed within a well-presented, single fronted retail unit within a small parade of shops. The business is well branded with clear signage on display and offers advertised on the fully glazed frontage.
Inside the modern shop fittings are well stocked and organised with counter positioned to the side and wall units, central gondolas and display fridges and freezers where required. To the rear of the retail area is a very large stock room.
All areas are finished to a good standard with good quality fixtures and fittings in place.

STAFF

A-Z Convenience Store is currently operating with two, full-time members of staff in place.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and A-Z Convenience Store has traded solidly over its trading history. The business generates an annual turnover of £160,759 with gross profit of £53,000.

SUMMARY

This leasehold business is well-established with a large, repeat customer base and a good reputation. There is plenty of scope to develop the business further and there are even more income opportunities through the addition of an alcohol licence. 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.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Sat: 08:00 - 22:00
Sun: 09:00 - 22:00

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