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Established Convenience Store Bury

Bury, Manchester
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Established Convenience Store - BuryEstablished Convenience Store - BuryEstablished Convenience Store - BuryEstablished Convenience Store - BuryEstablished Convenience Store - BuryEstablished Convenience Store - Bury
  • Leasehold: £140,000
  • Turnover: £904,152 £17,388 Per week
  • Net Profit: Not Applicable

Business Details

    Prominent Location

    Accounts Available Year End 30th June 2021

    Annual Turnover £904,152

    Gross Profit £110,148

    Accounts Available After Viewing

    Recently Refitted

    Lottery & Payzone In Place

    Run Under Management

    Free Parking

    EPC - D

Description:
Blacks Business Brokers are pleased to bring to the market this leasehold off licence located in the busy village of Walmersley in Bury, Lancashire.

INTRODUCTION
The Local - Walmersley previously operated for many years under the trading name of Bargain Booze and as such it is very well known. It is operated under management and has a fully trained workforce. The shop is extremely well known and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent main road trading position. Our client has ensured the business has an excellent reputation and offers a wide range of beers, wines, spirits and cider and are also a Hermes parcel agent.

LOCATION
The Local - Walmersley occupies a prominent trading position in this extremely well know parade of shops that includes high street names such as Co-op alongside takeaways and a Post Office. The area is densely populated residentially and commercially and with its free car park to the front, is extremely convenient for shoppers.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client's retirement plans, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a Full Repair and Insure lease (FRI) this is the most common form of commercial lease. The length of lease is 10 years at a cost of £10,500 per annum.

STAFF
The business operates under management with seven part time members of staff.

FINANCIAL DETAILS
The Local - Walmersley has traded strongly since changing across to the new branding and has also benefitted from a strong historical trade under the Bargain Booze name as our client has established a strong customer base. Turnover is currently £917,000 per annum at a margin of 14.5%. The alcohol retail sales are supported by vaping products along with National Lottery ticket sales generating and additional £2,200. The store also provides support for Hermes parcels and generates a further £135 per week.

BUSINESS RATES
The business has a rateable value of £9,400 per annum. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
The Local - Walmersley is a busy retail store that has a full complement of trained staff. The location is excellent on the outskirts of Bury Town Centre offering customers free off road parking. The retail unit itself is presented to an extremely high standard due to its £30,000 refit. This is a first class opportunity offering a new owner operator an excellent opportunity to push the business forward, it is rare that such a business becomes available on the open market and early viewings are advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
The Local - Walmersely operates from the ground floor only of this retail unit. The business has the usual ‘The Local” signage and branding displayed on this double fronted unit. Inside, the shop is well presented as it has recently undergone a refurbishment at a cost of £35,000 and is fully fitted throughout with fridges and freezers, display shelving and central gondolas. The business has large storage facilities on both the ground floor and the first floor. Each area of this business is finished to a high standard and has been carefully considered for optimum use of space.



Fixtures & Fittings:
Shelving
Fridges
2 Lane Epos System
Time Lock Safe
CCTV< br> Monitored Alarm


Opening Hours:
MON - SUN: 10:00 - 21:00


Weekly Rent:
£202 Per Week. Weekly Rent:
£202 Per Week.
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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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