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Superb Off Licence for sale in Manchester & Surrounding

Manchester & Surrounding, Greater Manchester

Asking Price £65,000
Turnover £468,000

Business overview

Off license / convenience store for sale - leasehold

Denton convenience Store.

LOCATION

The business is located on a busy High Street location benefiting from both repeat and passing

Business details

  • Property type
  • Net profit
  • Accomodation
  • Staff
  • Rent per annum

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Business description

Off license / convenience store for sale - leasehold

Denton convenience Store.

LOCATION

The business is located on a busy High Street location benefiting from both repeat and passing trade. There is parking around the shop and in the side street, The premises is located adjacent to a very busy pub. The bus stop is also nearby.

DESCRIPTION

The shop is double fronted and with external shutters. The interior is well presented with a laminate effect vinyl flooring, suspended ceiling, modern shelving and numerous display fridges. There are 2 stock rooms to the rear, a WC, providing more storage space. The upstairs has a 3 bedroom flat with a separate entrance which is currently on let.

THE BUSINESS

Our client started the business in 2015 and we are reliably informed that the turnover has been steadily increasing since branding and now is at approximately £9,000 per week, hence offering the opportunity to increase further by the purchaser.
The shop offers for sale a variety of goods including: newspapers, tobacco, confectionary and soft drinks, greeting cards, coffee machine, mobile phone accessories, e-cigarette products and a other items. Paypoint and Payzone Lottery and lottery scratchcard services are also available. The E-cigarette sales in particular have seen substantial growth with very little competition, thus offering a great potential to increase sales further in this category.

BUSINESS OPERATION

Trading hours –

Mon –Fri 7.00AM-10.30.00PM
Sat 7.00AM-11.00PM
Sun 7.00AM-11.00PM

Employees – the business is currently run by the 2 workers and owner.

LEASE

A 20 year lease, which started in 2015 is in place. There are rent reviews every 5 years, the next one being in 2022. There are also tenant break clause options at each rent review.

REASON FOR SALE

The owner is looking to sell as he has other family commitments.


PRICE

£65,000 ONO for the goodwill, fixtures and fittings and the leasehold

Business location

DENTON - MANCHESTER

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