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.
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.
This is a double fronted corner position property, which is well-signed with the Cost Saver branding.
Door leading to open plan shop, with counter to the left.
Large array of shelving to the central isles and to the walls.
There is CCTV and expos system and roller shutter doors.
Large counter serving sweets chocolates and crisps. To the rear of the counter is the cigarette kiosk and shelving for wines and spirits. The till comes with a card machine and expos system.
There is also a cash machine and Payzone point.
Magazine and newspaper racks well stocked - no deliveries.
Central isles with food groceries and toiletries, animal foods and accessories, cakes bread baps and biscuits, tinned foods.
Large chillers to the side and rear of the shop, with wines, beers and cans of alcohol drinks. There is also a large chiller, well stocked with a variety of soft drinks
Ice cream and ice lolly freezer
To the rear is a store room and door leading to WC with hand wash sink.
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
The business opening hours-
Monday - Saturday: 6:30am – 8pm
Sunday: 7am – 1pm
The business is run and managed by our clients, with the help of three members of staff.
The business generates a turnover in the region of £615,000 as per 2015 accounts.
Gross profit 18%