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Polish Convenience Store In Wythenshawe For Sale

Wythenshawe, Greater Manchester
Asking Price:
£159,995 Furniture / Fixtures included
Sales Revenue:
£1,103,301
Cash Flow:
£82,300

Town Centre Trading Location
Close To Multiples KFC, McDonalds, Dominos
Latest Accounts To 31st May 2018
Annual Turnover £1,103,301(Audited)
Gross Profit £313,310(Audited)
Accounts Available Upon Viewing
New Lease Negotiable
Run Under Management
Very Nicely Presented
Prominent Corner Position
EPC - C

REF 6365 – Leasehold Licensed Convenience Store & Delicatessen

Blacks Brokers are pleased to bring to the market this leasehold licensed convenience store and delicatessen located in the busy town centre of Wythenshawe, Manchester.

INTRODUCTION

Tecza has been trading on Rowlandsway for around ten years, with our client establishing the business to meet local demand for Eastern European products. The business has a large base of regular customers and is positioned in a very busy area, bringing additional trade from passers by. Our client has secured an excellent reputation and there are a number of excellent online reviews noted on Google and Facebook.

LOCATION

The business occupies a prominent corner trading position in Wythenshawe – this is a busy area and Tecza is located on a busy main road close to many other local businesses and large multiples including Asda and Gala Bingo. The area is well linked by the M56 and M60, with good public transport links in place and parking is available in the immediate area.

REASON FOR SALE

The business would be ideally suited to a hands-on owner-operator but is currently operated by staff only due to the demands of our client's relocation. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

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. A new lease will be fully negotiated with sale of the business. It will run at a cost of £423 + VAT per week.

BUILDING LAYOUT AND DESIGN

Tecza operates from the ground floor of a large, purpose-built commercial property. The business has large signage displayed to both sides and has a fully glazed frontage. Inside, the shop is very well presented with wooden flooring throughout and modern shop fittings creating aisles and wall displays. There are display fridges and freezers in place along with a refrigerated meat counter and fresh fruit and vegetable stands. To the rear of the main shop is a store room and staff toilet. CCTV is fitted throughout. At the back of the property is a large outdoor loading bay which is shared with other units within this parade.

STAFF

The business is currently operating with eight experienced members of staff in employment. Our client is not involved in the day to day running of this business.

FINANCIAL DETAILS

Tecza has traded solidly during since opening. We are advised that the business currently has annual turnover of £1,103,301 with gross profit of £313,310 and a net profit of £82,300. Full financial details are available upon viewing.

BUSINESS RATES

The rateable value is £9,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business is well established and has a large, repeat customer base. There is plenty of scope to develop the business further with the introduction of longer opening hours, an online presence and strong marketing drive. The premises could suit a variety of uses if other product lines were to be introduced. 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.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon- Fri - 9am - 6pm
Sat - 9am - 5pm
Sun - 10am - 4pm

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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