Stockport discount supermarket put up for sale

An independent discount supermarket in Stockport has been put up for sale by its founder.

Patrizio Renoso has instructed Bury-headquartered Blacks Business Brokers to find a new owner for Priceless Discounts with a guide price of £99,995 for the lease, plus a weekly rent of £442.

Priceless Discounts has traded on Wellington Road in Stockport since 2016, selling a range of cleaning products, food, soft drinks and other items.

The business has recently been granted a licence to sell alcohol, which it has not yet taken advantage of.

The business has been run by three full-time staff since being established two years ago.

Mr Renoso, who is not involved in the day-to-day operation of the supermarket, has taken the decision to sell in order to focus on other business interests.

The business operates from the ground floor of a large property, the upper floors of which house a number of flats.

It is located close to Stockport College and a variety of local businesses and residential premises, with parking available in the immediate vicinity.

The large shop floor is fully fitted with wall shelving, central gondolas and display fridges and freezers. To the rear of the retail shop are a kitchen, toilets and two loading bays.

In its most recent financial year Priceless Discounts turned over £338,000, generating a gross profit of £130,000.

Eve Pawsey, marketing facilitator at Blacks Business Brokers, said, “Priceless Discounts is a solid business that could really fly if it was taken over by a hands-on owner.

“It could also be a great bolt-on acquisition for a similar business that is looking to expand.

“The shop has a large footprint that could comfortably accommodate additional product lines if a new owner wished to introduce them.

“Taking advantage of its new licence and introducing alcohol sales would be one obvious way to further boost revenues, as would the introduction of evening opening.”

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