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2 Bedroom Property with Convenience Store & Off Licence

Hartlepool

FREEHOLD £150,000 (Reduced) (Ref 5717)

Description

An excellent opportunity to purchase a large 2 bedroom freehold property with  a now closed convenience & off-licence store. The building comprises of a convenience store business on the ground floor with stockroom and separate access to the property at the rear of the building.

Business

This business is currently closed. Please find the following description of the business when it was operating.

A very well established small convenience & off licence  within a prime location in a well populated residential area. A regular customer base and a popular choice with local customers. The shop is situated close to a main road and local amenities with no direct competition.

The business benefits from National Lottery, Paypoint, parcel delivery and an internal cash machine. A modern refit including high standard shelving units, 2 x 3.76m  chillers and a 1.5m freezer along with EPOS till system and CCTV. There are currently no contracted employees.

There is much passing trade with free car parking outside the shop and a school within close proximity. The shop is owner run with three part time staff members employed. The profitability of the business could be further improved through increasing the shop floor size and introducing longer opening hours.

Property

The property comprises of ground floor with front entrance to the side of the shop leading through to the living room, kitchen & bathroom downstairs. A stairway to the right leads up to the first floor and through to the master bedroom at the front of the house and the second bedroom to the rear of the house. The downstairs kitchen leads through to a driveway and a garage unit with gate leading to the large back garden area. The property is finished to a good standard with brand new full central heating fitted December 2018, double glazing and carpeted floors throughout. The roof was newly refitted and tiled 3 years ago.

Shop Dimensions

Trading Area 51.4m² (553.0 f²)
Stockroom Area 16m² (64.6 f²) with rear access

Accommodation Dimensions

First Floor
Living Room 37m² (64.56 f²)
Kitchen 11.5m² (123.74 f²)
Bathroom 6m² (64.6 f²)

Second Floor
1st Bedroom 30 m² (322.8 f²)
2nd Bedroom 18m² (193.68 f²)

Financial Information

Freehold Price
£150,000 (Reduced)

Weekly Sales
Closed as of 1/10/19. Was £6-7,000

Business Rates
Current rateable value £1,375 *
(Business rates relief available please see below *)

Fixtures & Fittings
Available prior to exchange of contracts

Accounts Available
3 Years

Annual Net Profit
Available on Request

Gross Profit Margin
20%

* ( 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 

Lease Terms
Current lease will be surrendered on completion of sale

Employees
3 part time non contracted staff

Commissions on Services
Available on Request

Stock Value Estimated
£10,000

Trading Hours
Monday – Friday 5:30 am – 8:00 pm
Saturday 5:30am – 8:00pm
Sunday 5:30am – 8:00pm

Location

Situated in a densely populated area in the heart of a residential area within a suburb of Hartlepool. The location benefits from nearby schools and ample parking directly outside of the shop.

Google Map Location

Convenience Store

Palmersville (Ref 5748)

Sales £7,000 PW

Rent £14,400

Click Here For Details »

Convenience Store & Post Office

Gateshead (Ref 5747)

Sales £10,000 PW

Rent £9,750

Click Here For Details »

Takeaway & 5 Bed Property

Durham (Ref 5745) 

Sales £4,500 PW

Gross profit 45-50%

Click Here For Details »

Profitable Convenience Store

Newcastle (Ref 5710)

Sales £16,000 PW

Annual Rent £14,000

Click Here For Details »

Arrange a viewing or contact us for more information

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

Business Enquiry Form

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Business Sales Ref 5717