Ref 6277 – Leasehold Discount Store
Blacks Brokers are pleased to bring to the market this leasehold discount store located in a busy and densely populated area of Stockport, Greater Manchester.
Priceless Discounts has been trading on Wellington Road since 2016 and was established by our client. The business offers a wide range of discount products including cleaning products, food, drinks and much more. Our client has applied for an alcohol licence which has now been granted. Most custom is local and/or repeat business with additional passing trade due to the busy location and complementary business nearby.
The business is positioned on a busy main road with excellent access to the M60 and Stockport town centre. The area has a good combination of both residential and commercial properties, with Stockport College nearby and public transport links are good. There is parking available in the immediate area.
The business would be ideally suited to a hands-on owner-operator or team but is currently operating under management due to the demands of our client's other business interests being higher than anticipated. Therefore, the business offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is ten years with rent reviews every three. The current lease began in 2016 at a cost of £442 per week.
Priceless Discounts operates from with ground floor of a large property with a number of flats on upper floors – the business lease is for the ground floor only. The business is very well branded with large signage and branding displayed above a fully glazed frontage. Inside, the main shop floor is very large and professionally fitted with wall shelving, central gondolas and display fridges and freezers. To the rear of the shop floor is a kitchen area, toilet facilities and two loading bays. All areas are presented well with good quality fixtures, fittings and equipment in place.
The business is currently operating with five members of full-time staff including one manager. Our client is not currently involved in the day to day running of the shop.
Priceless Discounts has traded solidly since opening. The business generates an annual turnover of £346,411 with gross profits of £119,165. Full financial details are available upon viewing.
This leasehold business is well positioned on a busy main road and has established a large base of repeat customers. There is plenty of scope to develop the business further with the introduction of alcohol sales, along with extended product lines and potentially a change to an off licence. The business hours could also be increased and as mentioned above, the influence of a hands-on owner-operator would benefit the business greatly. This proposition could also be of great interest to another similar business looking for instant expansion in this area of Manchester. Early viewings are strongly advised. Business: £69,995.
Please quote ref: 6277