Polish grocery store in Manchester available for sale due to owner's retirement
Undisclosed, Manchester
- Status
UNDER OFFER
- Advert ID
648073
- Reference
Cool Country Polski Sklep / Rightbiz
- Call Agent:
- Leasehold: £399,950 (Stock at valuation)
- Rent: £36,000 (£3,000 per month)
- Turnover: £1,216,523 (£23,395 per week)
- Profit: £444,610 (37% Profit margin)
Key Features
- Strong financial performance
- Proven turnover and financial potential
- Quick service for customers
- Ready for immediate operation
Business Details
A long established and hugely profitable business for sale with huge GP. Retirement forces sale.
BUSINESS FOR SALE
Cool Country Polski Sklep
45-49 Ayres Road, Old Trafford, Stretford, Greater Manchester, M16 9NH
Business: £399,000
EPC rating: C / Business rates: SBRR
Annual Turnover: £1,216,523
Gross Profit: £444,610
High GP 45% minimum
Polish Grocery & Convenience Store - Old Trafford
We are pleased to bring to the market this Polish and Eastern European Grocery and convenience store located in Old Trafford, Manchester. Having built this business on specialized food and drinks from around the world. Having established solid revenues over the years, there is still room to expand opening hours and take the business to the next level.
Polish-European Convenience Store
Manchester Established in 1982
Annual Accounts 31 March 2024
Annual Turnover £1,216,523 Gross Profit £444,610
Fully Equipped & Well Presented
Potential For Online Sales / Click & Collect
Potential to Extend Opening Hours Beyond 10am-8pm, lots of sales came from rush hour!
Hungarian/Romanian/Polish and Bulgarian Stock
About
Cool Country Polski Sklep was established by our client’s family in this densely populated area of Old Trafford in 1982. The business offers a wide range of European groceries, particularly focussing on Polish produce. It has become very well known in this area 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 trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google.
The business is ideally suited to a hands-on owner-operator but sadly due to our client’s health issues, 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.
Huge potential to introduce new lines to increase sales.
Cool Country Polski Sklep occupies a main road trading position within a parade of shops. The area is densely populated both residentially and commercially with neighbouring businesses being mainly independent retailers. There are also a number of schools, sports centres, parks and other amenities nearby. The area is well linked by the M60 with very strong public transport links and parking is available in the immediate area.
Premises Details
Cool Country Polski Sklep operates from the ground floor of three converted mid terraced properties totalling over 1,200 square feet in size. The business has large branding and signage on display above a fully glazed frontage which is fitted with ramp entrance. Inside, the shop is very well presented and fitted with a range of refrigeration and freezer units, wall shelving and central gondolas. There is ample storage and stock areas to the rear with a large triple shop cellar, there is also a goods in area to the rear meaning no disturbance from deliveries. All areas are well equipped and presented nicely.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
Financial Information
Cool Country Polski Sklep has traded solidly since opening over four decades ago and our client has established a strong repeat customer base. Annual Accounts to 31 March 2024, Annual Turnover £1,216,523 and Gross Profit £444,610. The business operates with eight members of staff in employment.
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. A new lease will be fully negotiated with our client. Full financial information is available upon request.
Fixtures & Fittings
Multiple Refrigeration Units Freezer Units
Shelving
Till System With Epos
Opening Hours
MON - SUN: 10:00 - 20:30
Potential to extend opening hours as the alcohol license is up to 23:00
Summary
This long-established business occupies an enviable trading position in a busy residential area of Manchester. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines, online sales, expansion of opening times and a strong marketing drive. A new owner may also look for delivery services or a click and collect service. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
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Listing Statistics
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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.
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Contact seller
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.
Be safe, use a Rightbiz Solicitor
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