Ref 6104 – Leasehold Convenience Store & Off Licence Blacks Brokers are proud to bring to the market this leasehold convenience store and off licence located in a busy and much sought-after area of Stockport, Greater Manchester. Introduction
Top Convenience Store has been trading on Compstall Road since 2008 with our client in ownership since 2016 and over that time it has firmly established itself within the local community, gaining a good base of local customers in addition to much passing trade. Location
Situated on a busy main road in Stockport, the business occupies a superb trading position among many complimentary businesses, with parking available immediately outside and excellent public transport links in place. Reason for sale
The business is only being offered for sale due to our client’s other business interests. 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. The current lease is 7 years with rent reviews every 3. The current lease began in 2017 at a cost of £277 per week. Building layout and design
The business is housed within the ground floor of a large, detached property with impressive double frontage. Large signage and branding is displayed above the entrance and glazed areas. Inside, the main shop area is well presented with tiled flooring and modern lighting throughout. Goods are displayed on wall shelving, central gondolas and within display fridges and freezers as required. There is also a cellar, stock room, kitchen and toilet facilities in place. All areas are finished to a good standard, with excellent quality fixtures and fittings in place including a 24 hour CCTV system. A full inventory is available on request. Staff
The business is operating with two full-time members of staff in employment who deal with the majority of the day to day running of the business, our client has little involvement. Financial details
Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates an annual turnover of £416,000 with gross profits to be confirmed. Summary
This leasehold business is well-established and well-known in this area and it delivers impressive weekly takings from multiple income streams including Payzone and ups delivery service and has the added benefit of free cash withdrawals. 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. Business: £44,995.
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