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Well-Established Convenience Store In Droylsden, Greater Manchester For Sale

Droylsden, Greater Manchester

£69,950 +SAV

Ref: 2397

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Description

Hilton Smythe is delighted to welcome to the market this well-established and busy convenience store in the town of Droylsden, Greater Manchester. The business was established by our client in 2012 and is only now being offered to the market due to our client`s other business commitments. The business operates 7 days per week and generates a turnover in the region of £340,000 per annum, with a gross profit of approximately 20%.

Our client offers a wide range of convenience lines, newspapers, magazines, frozen foods, alcohol, confectionery and tobacco, together with an excellent selection of cold drinks and snacks. Our client also offers Lottery scratch cards, Paypoint services and gas/electricity top ups. The premises boast a spacious retail area, which is well equipped to suit the trade, as well as a rear storage area. The business has an excellent reputation within the area for the high quality goods and services offered, which has resulted in a loyal client base with a vast amount of repeat trade.

We feel the turnover could be increased by extending the opening hours, perhaps by opening until later in the evening. A new owner could also embark on a small marketing campaign to highlight the business and services offered. This is an excellent opportunity for a new owner to take this thriving and popular business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Tenure

Leasehold

We are advised Leasehold:

Original lease length: 13 years
Remaining lease length: 10 years
Review every: 3 years
Rent: £390 per calendar month

Hours

The business is open:

Monday – Saturday: 7.30am – 7.30pm
Sunday: 8.30am – 7.00pm

Staff

The business is owner run and managed with 5 x staff members.

Financial Profile

The business generates a turnover in the region of £340,000 per annum, with a gross profit of approximately 20%.

Location

JND Stores occupies ground floor premises, ideally located on the busy Market Street in Droylsden, Greater Manchester. The business is surrounded by a wealth of complimentary shops and businesses, as well as densely populated residential areas, from which the business derives much of its trade. The convenience store benefits from free parking facilities within the area. Being located on a busy road, the business further benefits from a high volume of footfall and passing trade.

Droylsden is a town in Greater Manchester and at the 2011 census, the town had a residential population of 22.689. Amenities within the local area include schools, public houses and a library. Construction of a marina began in 2007 to create two and three bedroom houses, apartments, waterside offices, restaurants and shops.

The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is Fairfield, which is approximately 1 mile south of the town centre, providing a service to Manchester Piccadilly and Rose Hill Marple. The area is also well served by the A-roads, with the business being located close to the A635, which connects to the vast A-road and motorway networks.

Premises

Ground floor, double fronted premises, in an ideal trading location, briefly comprising:

Main sales and display area with:

Racking and shelving to suit trade.
Double door drinks chiller unit.
Single door drinks chiller unit (Irn Bru branded).
3 x open fronted food chiller units.
ATM machine.
Newspaper/magazine display area.
Confectionery display.
Serve over counter with electronic cash register, Paypont facilities, credit/debit card terminal, Lottery scratch card display stand and tobacco gantry behind.

To the rear:

Staff room with kitchen.
Large storage area.
Rear door.

External:

CCTV.
Fully alarmed.
Manual roller security shutters.

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