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UNDER OFFER - Convenience Store & Off Licence with Accommodation

Middlesbrough

£55,000 Leasehold or £170,000 Freehold
(REF: 5708)

Financial Information

Freehold Price
£170,000

Leasehold Price
£55,000

Weekly Sales Turnover (Excluding Services)
£6,000 – £7,000

Annual Turnover
£338,000

Annual Business & Property Rent 
£13,200

Business Council Rates
Zero Rateable

Fixtures & Fittings Estimated Value
£15,000

Accounts
3 Year Trading Accounts Available

Annual Net Profit
£20,000

Gross Profit Margin
25%

Business Description

Family run convenience store situated on a main road in Middlesbrough. The shop is run as Premier and has good local trade with no direct competition. This is a very well established business with current owner since 2009 and providing good net profit. The shop benefits from internal cash machine, lottery, paypoint and parcel delivery. The shop is well fitted out including 2 x 2.5m chest freezers and 2 x 3.75 m chillers. Additional income can be gained from the separate one bedroom accommodation above the shop. The reason for sale is retirement. Viewing highly recommended. 

Further Details

Premises Licence
The premises has a licence to sell alcohol 

Staff
1 non contracted staff

Commissions on Services
Approx £400 per month

Stock Value Estimated
£15,000

Trading Hours
Monday – Saturday 8:00 am – 9:00 pm
Sunday 12:00 am – 9:00 pm

Ground Floor
Retail Area 48 m² (517 ft²)
Storerooms Total 17 m² (183 ft²) with rear access

Key Features

•  Family owned for 10 years

•  £20,000 Net Profit

•  Internal cash machine

•  1 Bedroom Accommodation

•  Separate income £450 for Flat

•  EPOS till system & CCTV

Accommodation

1 Bedroom Flat
Kitchen (7.6 m²)
Bedroom (13.2 m²)
Lounge (13.5 m²)
Bathroom (2.96 m²)

Location

Located on a main road in a residential housing area in Middlesbrough in the North East of England

Location on Map

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Convenience Store & 1 Bedroom Property Ref 5708