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BUSINESS REFERENCE : 7295 / RightBiz LEASEHOLD SELF SERVICE DVD RETAIL STORE FOR SALE IN MANCHESTER CITY CENTRE | | | | | | Self-Service DVD Rental Manchester T/O: £105,000 approx Well established business. Enviable trading locations within the city centre. Monopoly for central Manchester. Scope to open additional kiosks. | | | BUSINESS LOCATION: | Undisclosed Manchester UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Music & Record Shops | | SALE: | Agent Sale | LEASEHOLD: | £59,950 + SAV | ANNUAL RENT: | £7500 | | | | | | | | | | | BUSINESS DETAILS: | 24 Self Video is an exclusive business offering 24 hour DVD rental. The business has a trading monopoly on the city centre postcodes of M1, M2, M3 and M4 . Shop 1 is located on Deansgate in Manchester and shop 2 is on Ancotes Street, surrounded by city centre flats, both are lock-up premises and have contemporary shop fittings, and consist of fully automated film dispensers allowing a DVD to be borrowed or returned at anytime. The shops run on a smart card system. To obtain membership, credit needs to be put onto the card initially by credit/debit card thereafter it is a pay as you go system. Members can top up credit over the counter when the shops are staffed, or by cash (notes only) via the machines 24 hours.
Bag A Business is delighted to offer this unique opportunity to acquire the 24 Self Video trading rights of the Manchester city centre postcodes. The concept was introduced to the city centre in November 2004 and now has membership in excess of 4000. 2006 annual turnover was in the region of £105,000. The business has been left to run itself for the past 12 months, as the owner has followed other business interests, and is subsequently now just ticking over. It is because of these other business commitments that this business is for sale. The potential for expansion is therefore massive from a sound base. Running costs are extremely low, with rents, rates power and telecoms amounting to approx £1,300 per shop per month. At present the shops are staffed 4 hours per day 5 days a week (for new memberships and explaining how the shops operate). A film cannot be rented unless a member has sufficient credit on their card. The website allows online viewing of stock. There is massive potential to diversify as 99.9% of turnover is on DVD rentals. The business currently has a DVD stock of approximately 2,000 and there are no other DVD rental shops in the city centre.
FINANCIAL PROFILE
W/T £2,019 approx
OPENING HOURS
Open 24 hours for self-service DVD rental
Stores open for new membership:
Deansgate 1.00pm - 7.00pm
Great Ancoats St 3.00pm - 7.00pm
PROPERTY DETAILS
Two ground floor, lock-up retail premises in prime locations within Manchester city centre, briefly comprising:
GROUND FLOOR
Both sites have unique Self Video shopfitting which can be dismantled and relocated if required.
Secure automatic door entry system
Tiled flooring
Contemporary decor and steel clad walls
4 ordering/dispensing terminals
Separate counter with shutters
TENURE
Leasehold - Deansgate store
Original length 10 years
Remaining length 8 years
Review every 5 years
Rent £7,000 per annum
Leasehold Great Ancoats Store:
Original length 10 years
Remaining length 9 years
Review every 5 years
Rent £7,500 per annum | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 7295 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
