Polish shop for sale in Northenden Manchester with strong customer base and growth potential
Northenden, Manchester
- Status
FOR SALE
- Advert ID
647468
- Asking Price: £18,000
- Rent: £7,200 (£600 per month)
- Turnover: £171,600 (£3,300 per week)
- Profit: On request
Business Details
Polish shop for sale in Northenden Manchester
Well-established convenience store in the vibrant area of Northenden, Manchester. This shop benefits from a prime location that attracts a significant amount of foot traffic, ensuring maximum visibility and accessibility for customers. With a diverse and fully stocked inventory, this store meets a broad range of consumer needs, offering everything from groceries to everyday essentials.
The business boasts an established customer base that contributes to strong repeat business, making it a reliable income source for its owner. The shop is equipped with modern fixtures and equipment, all in good condition, which allows for a seamless transition for the new owner. This readiness for immediate operation means that you can step in and continue serving the community without delay.
There is also potential for growth, as the business can benefit from extended operating hours and the introduction of expanded product offerings, which could further boost revenue streams. The store has been successfully running for ten years, with the current owner managing it for the past five years, demonstrating stability and commitment.
Financial Highlights
The leasehold for this convenience store is priced at £24,000, making it an attractive investment for those looking to enter the retail sector. The store currently generates a turnover of £171,600, offering solid financial returns. Additionally, the annual rent is set at £7,200, which is favourable in comparison to the potential earnings of the business.
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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.
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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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