Hilton Smythe is delighted to welcome to the market this busy convenience store/sandwich shop business, which is ideally located within Bacup, Lancashire.
The business was established by our client in 2011 and is only now, reluctantly, being offered to the market, due to our client's other business interests. The business operates 7 days per week and generates a turnover in the region of £50,000 per annum, with a gross profit of approximately 46%, as per the 2016 accounts.
Our client offers a variety of goods including general grocery items, confectionery, snacks, frozen goods, soft drinks, alcohol and tobacco products, to name a few. To the rear of the convenience store is the takeaway side of the business, which offers full English breakfasts, which has proved to be very popular in the area, as well as hot and cold sandwiches. The property boasts 60 sq. metres of floor space, is very well maintained, decorated to a high standard and fitted out to suit the trade.
The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the goods and service offered. The business would further benefit from utilising social media, such as Facebook and Twitter, as this is an excellent and free way to advertise.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: 10 years
Remaining lease length: 4 years, as of 2017
Rent: £600 per calendar month
HOURSThe business is open:
Monday - Friday: 8.00am - 8.00pm
Saturday: 9.00am - 8.00pm
Sunday: 10.00am - 8.00pm
STAFFThe business is owner run and managed.
FINANCIAL PROFILEThe business generates a turnover in the region of £50,000 per annum, with a gross profit of approximately 46%, as per the 2016 accounts.
Gran Ma Joans occupies substantial ground floor premises, ideally located on the very busy Rochdale Road within Bacup in Lancashire. The property is set within a small parade of complimentary shops and businesses, therefore benefiting from a high volume of footfall and repeat trade, as well as on street parking facilities to the front of the shop. The business is surrounded by densely populated residential areas, from which the business derives much trade.
Bacup is a town in Lancashire, within the Forest of Rossendale and the upper Irwell Valley. According to the 2011 census, the town had a residential population of 13,323. Bacup's historic character, culture and festivities have encouraged the town's suburbanisation and redevelopment as a more cosmopolitan commuter town for Manchester and the other North West towns and cities.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Walsden, which is approximately 6½ miles away. The area also boasts excellent road connections, with the A681, A671 and A6066 all being within easy driving distance, which link to the national A-road and motorway networks. Rochdale is approximately 7½ miles away and Burnley is 8½ miles away.
Substantial ground floor premises, in an ideal trading location, briefly comprising:
Main shop with:
Wooden shelving to perimeter walls.
Central free standing wooden shelving.
Double door drinks chiller unit.
2 x single door upright freezer units.
Single door drink chiller unit, Pepsi branded.
Serve over counter.
Electronic cash register.
Table and four chairs.
Serve over chiller display unit.
Rear kitchen with:
Stainless steel preparation tables.
6 x burner cooker
Stainless steel sink unit.