6225 / Rightbiz
- Retirement Sale
- Accounts to 31st January 2018
- Annual Turnover £140,429
- Gross Profit £54,276
- 2018 Accounts Forecast To Increase A/T £164,000 and GP £80,000
- Full Accounts Available Upon Viewing
- Closed Sundays
- New Lease Available
- Free Parking To Side of Building
- Close to McDonald's and Asda
- All Organic Custom/No Advertising
- EPC - D
REF 6225 – Leasehold Car Accessories Shop
Blacks Business Brokers are pleased to bring to the market this leasehold car accessories shop located in a busy and popular area of Higher Broughton, Salford.
Steve’s Super Spares Ltd has been trading on Great Cheetham Street East for almost fifty years, with our client in ownership since opening. The business supplies a range of motor accessories and parts to both domestic customers and other businesses such as local garages. Steve’s Super Spares Ltd has established strong relationships with suppliers and has contracts in place securing rebate based on the amount of stock purchased.
The business is positioned on a busy main road close to the Broughton and Higher Broughton areas of Manchester city centre, other local businesses and shops are positioned nearby along with multiples such as McDonalds and Asda. Free parking is available to the side of the shop and public transport links are excellent with a bus stop directly outside. This area is well linked by the M60 and M602.
REASON FOR SALE
Our client offers this business for sale due to retirement.
Our client will offer a new, ten-year lease with the full terms and cost to be negotiated with this business sale. The lease will be a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease.
BUILDING LAYOUT AND DESIGN
Steve’s Super Spares Ltd is trading from a large, end-terraced property. This was originally two properties that have been converted into one to accommodate expansion. The business is very well branded with bold signage displayed above a fully glazed frontage – this also advertises products and services available. Inside, the main shop floor is well stocked with products ranging from car mats to oil and ad-blue along with more specialist accessories. To the rear are two storage rooms and a staff toilet. On the first floor are a further three stock rooms and an office. Additionally, there is a large cellar also used for storage at present. All areas are well presented with good quality fixtures and fittings in place including key cutting machine and twelve-point CCTV.
The business is currently operating our client and his wife working on a full-time basis, supported by one, part-time member of staff.
Steve’s Super Spares Ltd has traded solidly during an impressive trading history. The accounts for year ending 31 January 2018 show the business generated an annual turnover of £140,729 with a gross profit of £54,726 which equates to 39%. Full financial details are available upon viewing.
This leasehold business has a long trading history in place and a large customer base. Our client has been in ownership since opening and offers a new, ten-year lease. There is much scope for expansion with the introduction of longer opening hours and Sunday opening – this was successful in the past but opening hours have been limited in recent years to suit our client’s lifestyle. The business would also benefit from an online presence, delivery service and strong marketing drive – there has been no advertisement in the history of this shop. This proposition would suit another owner-operator with plenty of time to dedicate to this busy shop. Early viewings are strongly advised.
Fixtures & Fittings:
5 Key Cutting Machines
2 Glass Fronted Display Cabinets
Full Glass Display
Split Shelving For Spray Can
MON - FRI: 09:00 - 17:30SAT: 09:00 - 17:00SUN: CLOSED
To Be Negotiated. Weekly Rent:
To Be Negotiated.
Leasehold Price: £25,000
Location: Salford, Manchester
Sector: Motor Businesses
Annual Turnover: £140,429
Energy Performance Certificate (EPC)