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Convenience Store & Off Licence

Easington, County Durham

£9,950 Leasehold (Ref 5713)

Business Description

Opportunity to purchase a well established wine store & tobacconist with low monthly rent. Located on a main road into Easington village this business has a good position within the local community. The shop comes with a wine display chiller cabinet, beer fridge, air conditioning unit and CCTV. It has potential for expansion into the front window and could benefit from extending business hours and introducing more lines. Stockroom is well sized to accommodate back up stock. Sale is due to the owners retirement after 12 years running the business.

Financial Information

Leasehold Price
£9,950

Weekly Sales
£3,000

Annual Sales
£175,000

Monthly Business Rent 
£500

Annual Business Rent
£6,000

Council Rates
Current rateable value £2,700
(Business rates relief available please see below *)

Fixtures & Fittings Estimated Value
£5,000

Annual Net Profit
Available on Request

Gross Profit Margin
19%

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
2 part time employees

Employee Information
Non contracted employees

Commissions on Services
Not applicable

Stock Value Estimated
Approx £7,000

Trading Hours
Monday – Sunday 12pm – 10pm

Ground Floor
Retail Area 21 m² (226 ft²)
Storeroom Total 21,6 m² (232 ft²)

Key Features

•  Low rent of £500 per month

•  Current 8 year lease extendable

•  Business well established

•  Family run/owned business

Location

Situated prominently on the main road into Easington village near Peterlee, County Durham. 

Location on Map

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Convenience Off Licence 5713