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Convenience Store & Off Licence with 2 Bedroom Flat

Darlington, County Durham

£174,950 Freehold (Ref 5684)

Business Description

A good opportunity for first time buyer/business owner with this freehold convenience and off license business with 2 bedroom property. The flat is well presented with a new kitchen and central heating system along with fully rewiring of the property. The premises are adjacent to a brand new housing development of over 300 residential homes with hotel and office space, this should see a steady increase in sales as the development progresses.

Financial Information

Freehold Price
£175,000

Weekly Sales
£8,000

Annual Sales
£416,000

Weekly Business Rent 
Available on Request

Annual Business Rent
Available on Request

Council Rates
Current rateable value £4,800
(Business rates relief available please see below *)

Fixtures & Fittings Estimated Value
Available on Request

Annual Net Profit
Available on Request

Gross Profit Margin
20%

Accounts Available
3 Years

* (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 

Employees
Available on Request

Commissions on Services
Available on Request

Stock Value Estimated
Available on Request

Trading Hours
Monday – Friday 6:30am – 10 pm
Saturday 7:00am – 10 pm
Sunday 7:30am – 9:30 pm

Ground Floor
Retail Area 50 m² (533 ft²)
Storeroom 33,7 m² (363 ft²)

Upper Floor
Available on Request

Key Features

•  No direct competition

Adjacent to New Housing Development

Sales increase by 20% due to newly aquired customers

•  Lottery & Paypoint

•  EPOS till system & CCTV

Location

Situated in a residential area next to a new development with 300 residential, hotel & office space with no direct competition nearby.

Location on Map

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Convenience Off Licence & 2 Bed Flat 5684