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Convenience Store and 3 Bedroom Accommodation

Macclesfield, Cheshire

LEASEHOLD £79,950 (Ref 5746)

Description

Excellent leasehold opportunity in Macclesfield, in an affluent area of Cheshire. An immediately unopposed, high turnover convenience store. The site includes a three bedroom apartment above, making the rental figure extremely attractive.

Business

The shop benefits from Lottery & Pay Point, Parcel delivery and an internal cash machine. We are advised that all trade fixtures and fittings are owned outright and are included as part of the sale.

The business currently trades as ‘Stop & Shop Express’ and is presented to a very good standard. It is heavily relied upon by the local community and is in a strong trading position with plenty of passing trade. The store runs as off licence, newsagent and offers the National Lottery, Health Lottery, Phone Top-ups and Pay Point. The spacious retail area is well maintained and in a good condition, measuring approximately 1,300 ft². There is also ample storage to the rear of the store. Energy Rating D.

The business is being offered for sale due to our client’s decision to relocate overseas. 
The lease has a remaining term of 4 years. There is ample parking available in the area and the store is conveniently located within close proximity to other businesses and residential dwellings.

The business is run by the owner, husband and staff. The business currently employs 3 part-time staff. A more hands on approach from a new owner/operator could significantly decrease the staff wages bill and increase profitability. The site has been approved for a post office. Potential for further development through increasing range of chilled products or branded goods.

Accommodation

There is a large, three bedroom apartment above the store which has a separate entrance. This is ideal for either owner’s family accommodation, or as a rental investment, within an affluent area.

Shop Dimensions

Shop Trading Area: 120.8 m² (1,300 ft²)
Stockroom Area: 18.6 m² (200 ft²)

Financial Information

Leasehold Price
£79,950

Weekly Sales
£9,000

Annual Business & Property Rent
£20,000

Business Rates
Current rateable value £12,500
Owner currently paying £681 annually

(Business rates relief is available on this business please see below *)

Accounts Available
1 year accounts

Annual Net Profit
Available on Request

Gross Profit Margin
22 %

* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) Click here for more information

Further Details

Premises Licence
The premises has a licence to sell alcohol

Current Lease Term
Renewable with current expiration October 2022

Employees
3 part time employees

Commissions on Services
Available on request

Stock Value Estimated
£15,000

Trading Hours
Monday – Saturday 7:30 am – 9:30 pm
Sunday 8:00 am – 9:00 pm

Key Features

• Extremely affluent area

• Newly fitted out convenience store

• Car parking outside the shop

• Well established within the local community

• Includes 3 bedroom accommodation

Location

The business is situated along the busy Chester Road in an affluent part of the town Macclesfield, a market town in Cheshire. 

Google Map Location

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Business Sales Ref 5746