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Convenience Store & Off Licence with 4 Bedroom Flat

Gilesgate, County Durham

Offers over £50,000 Leasehold

Business Description

Excellent opportunity to purchase a Premier convenience & off licence shop with good sales located in a prime location near Durham city centre. The new owner will have the option for a 4 bedroom accommodation. This very well established business is re-fitted to a high standard with modern shelving, 3 large chiller cabinets, counter with 2 registers, ceramic tiled floor and suspended ceiling. The large open plan shop floor area offers an excellent range of products typical of a mini-supermarket. Ancillary area includes back stock area with an external room for additional storage along with office and staff toilet.

We are advised this a profitable business, with a strong regular customer base and good commission structure. Well situated on a busy road within the student catchment zone and car parking to the front of the shop. The business is currently owner run with 4 staff members.

Viewing is recommended to fully appreciate this opportunity.

Financial Information

Leasehold Price
Offers over £50,000

Weekly Sales
£9,000

Annual Business Rent
£15,000

Business Council Rates
Current rateable value £7,700
(Business rates relief available please see below *)

Fixtures & Fittings Value
£25,000

Accounts Available
5 Years

Annual Net Profit
£30,000

Gross Profit Margin
16%

* (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
4 employees

Employee Information
Available on Request

Annual Commissions on Services
£10,296

Stock Value Estimated
£25,000

Trading Hours
Monday – Sunday 7:00 am – 10:00 pm

Ground Floor
Retail Area 94.2 m² (1,014 ft²)
Storerooms Total 53.4 m² (575 ft²) with side access

Key Features

•  Excellent location near Durham city centre

•  Option for a 4 bedroom accommodation

•  Good turnover profitable business

•  Large trading area over 1,000 ft² 

•  Re-fitted to a high standard

Location

Well positioned in Gilesgate to the east of Durham on a busy road linking directly into the city centre.

Location on Map

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Please call us on 01904 867175 for more information on this or any other business or alternatively fill in our enquiry form below.

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Convenience Store & Off Licence Ref 5715