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Retail premises for sale

£30,000

281-283 Lever Street, Bolton BL3

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Property description

Business
Hilton Smythe welcomes to the market Cost Saver. This business was originally established in 1990 and was taken over by our clients in 2004. The owners are now looking to sell the store due to the desire to take a well-deserved retirement.

The store offers a generous amount of stock such as animal food, confectionery, alcohol, magazines, newspapers, cigarettes, toiletries and much more. They further offer services such as the Lottery, Payzone, and scratch cards. The vendor also has a good return of business for the My Hermes collection service.

This is an excellent business that generates a great turnover of £615,000 as per 2015 accounts, with a gross profit of 18%. This is a very popular store within its location. Our clients see a generous amount of repeat loyal trade, from the locals who live in the area. This main road location also allows for a huge amount of custom from passing trade.

This is the go to convenience store in the area, as there is little competition close by. The store stocks an excellent amount of products in its large double fronted premise, allowing for maximum trade.

The new owner should look into expanding opening hours, in order to take advantage of the heavy trade. Rush hour and dinner times are currently the main focus of this store, however, evening could also see a high amount of trade due to the other businesses on this parade.

This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Location
Cost Saver is located in Great Lever, Bolton, Greater Manchester.

This is a large ground floor premise that is situated within walking distance from the town centre of Bolton. The business is ideally located within a large residential community, set on a parade of shops, with excellent car parking to the front, side and rear. This is an ideal location for a busy convenience business. There are also local schools and parks close by, great for business in the summer months.

This area receives a generous amount of trade due to its great location. There are some great road connections in the area such as the A666 and the A579. The A666 runs from Blackburn and connects to the M61 near Manchester.

Premises
Cost Saver is located in Great Lever, Bolton, Greater Manchester.

This is a large ground floor premise that is situated within walking distance from the town centre of Bolton. The business is ideally located within a large residential community, set on a parade of shops, with excellent car parking to the front, side and rear. This is an ideal location for a busy convenience business. There are also local schools and parks close by, great for business in the summer months.

This area receives a generous amount of trade due to its great location. There are some great road connections in the area such as the A666 and the A579. The A666 runs from Blackburn and connects to the M61 near Manchester.

Tenure
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 21 years
Remaining lease length: 11 years as of 2016.
Rent: £13,000 per annum

Hours
The business opening hours-

Monday - Saturday: 6:30am – 8pm
Sunday: 7am – 1pm

Staff
The business is run and managed by our clients, with the help of three members of staff.

Financial Profile
The business generates a turnover in the region of £615,000 as per 2015 accounts.
Gross profit 18%

What Zoopla users think of Bolton

Overall rating:

  • currently 3.5 stars
Good - 71% (343 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3 stars
Entertainment & nightlife
  • currently 3.5 stars
Parks & recreation
  • currently 3.5 stars
Restaurants & shopping
  • currently 3.5 stars
Schools & public services
  • currently 4 stars
Transport & travel

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Community & safety
  • currently 0 stars
  • 4
  • 1
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  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
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  • 3
  • 2
  • 5

Nearby transport

  • Bolton (0.6 miles)
  • Moses Gate (1.5 miles)
  • Farnworth (2.1 miles)
  • Manchester International Airport (16.1 miles)
  • Liverpool John Lennon Airport (23.6 miles)
  • Blackpool International Airport (28.3 miles)
  • Liverpool Belfast Ferry Terminal Bootle (25.1 miles)
  • Liverpool Pier Head Ferry Terminal (25.8 miles)
  • Liverpool Isle of Man & Dublin Terminal (25.8 miles)

Nearby schools

View all schools in Bolton
  • Bishop Bridgeman CofE Primary School (0.1 miles)
  • Clarendon Primary School (0.1 miles)
  • St Peter and St Paul RC Primary School (0.3 miles)
  • The Young Mums Unit (0.3 miles)
  • Youth Challenge Pru (2.5 miles)
  • Abbey College Manchester (9.7 miles)
  • Bolton Muslim Girls School (0.4 miles)
  • Mount St Joseph (0.9 miles)
  • Essa Academy (0.9 miles)
Note: Distances are straight line measurements

Local info for Bolton

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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