Busy South Manchester Convenience Store with more potential. Great business in affluent area.

South Manchester Nisa

Confidential Sale

Leasehold: Asking Price £439,950 Rent £32,000 per annum.

Weekly sales circa £30,000

Parking to the front of the store

Relied upon by the local community

Higher than average profit. GP is 30%

Energy Rating C

A leasehold convenience store located upon a busy main road in an affluent area of South Manchester. This business is fitted to a high standard and has all the extras you would expect from a top end convenience store including Costa Coffee machine, Shakes and Smoothie machines, hot food and meal deals. A rare opportunity to acquire a longstanding and established newspaper shop, off licence and convenience store.

This site has a large space for storage in the basement as well as a strong room for excess alcohol, spirits, cigarettes, tobacco and vapes, a nice kitchen, staff room and a manager’s office.  The site is staffed full time therefore it has huge potential to increase sales with onsite management.

This would be ideal as a family run store, or it would suit a hand’s on multi store operator.

Location This property is on a busy main road in South Manchester and a VERY SHORT WALK to the tram station. The site benefits from being surrounded by a huge residential area and other businesses that complement each other.

Internal Details The store is equipped with all required chillers, freezers, shelving and gondolas. The business sells a full range of products as would be expected for a convenience store, including, alcohol, tobacco, confectionery, and general items of convenience. This business has PayPoint and lottery.

External Details The business benefits from having parking to the front and side of the store for customer use.

Fixtures & Fittings We are advised that all trade fixtures and fittings are owned outright and are included as part of the sale.

The Opportunity

This local convenience store is relied upon by the local community. This business is fitted to an extremely high standard and is being offered on a leasehold basis.

• Yearly Rent: £32,500 (Thirty-Two Thousand Five Hundred Pounds) per annum exclusive of rates, and any other outgoings to which the property is or may become liable. VAT will be payable (if applicable).
• Lease term: A new 15-year lease from legal completion, subject to 5 yearly rent reviews and tenant break options in years 5 and 10.
• Rent Review: The rent will be subject to review on the 5th and 10th anniversary of the term commencement date in line with the provisions outlined within the expiry lease.
• Break Clause: On the 5th and 10th anniversary of the term commencement date, subject to 12 months' written notice to the Landlord.

Trading Information

Trading information shows average weekly sale of circa £30,000 per week.

Trading Hours

Monday to Sunday 06:00 – 22:00

Regulatory

Premises Licensed

Business Rates

The current owner has advised that the store benefits from some relief from small business rates. Purchasers however should make their own enquiries with the relevant local authority.