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Long Established Car Accessories Shop in Salford

Salford, Manchester
Leasehold Price:
£25,000
Status
FOR SALE
Advert ID
217284
Reference
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

Description:
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.

INTRODUCTION
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.

LOCATION
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.

LEASE
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.

STAFF
The business is currently operating our client and his wife working on a full-time basis, supported by one, part-time member of staff.

FINANCIAL DETAILS
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.

SUMMARY
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
EPOS Till
Shelving
Racks
2 Glass Fronted Display Cabinets
Full Glass Display
Split Shelving For Spray Can
CCTV
3 Screens
2 Printers
Key Rack


Opening Hours:
MON - FRI: 09:00 - 17:30SAT: 09:00 - 17:00SUN: CLOSED


Weekly Rent:
To Be Negotiated. Weekly Rent:
To Be Negotiated.
Listing Details
Leasehold Price: £25,000
Tenure: Leasehold
Location: Salford, Manchester
Sector: Motor Businesses
Financials
Annual Turnover: £140,429
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6225 / Rightbiz
Energy Performance Certificate (EPC)
Listing Statistics
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