CALL 01904 867175

Convenience Store & Off Licence with 3 Bed Property

Darlington, County Durham

FREEHOLD £149,950 | LEASEHOLD £3,000 (Ref 5725)

Business Description

We offer this well re-fitted Convenience Store & Off Licence business with 3 bedroom accommodation. The shop floor is well merchandised with 2×3 m chiller, 2.5 m freezer & 2×1 m freezer. Currently operating on sales of around £3,500 per week. There is potential to increase sales through new owners dedicating more time to the business and extending opening times as there is an alcohol licence until 11pm. Introducing incentives such as a cash machine could increase sales.

The upstairs living space comprises of a lounge, kitchen, bathroom and 3 bedrooms. Two of which are situated on the ground floor and one in the converted loft space above. The house has a modern interior with triple glazed windows, carpets, curtains and blinds, along with a new central heating system. Further pictures of the property are available on request. 

The business is currently staff run and managed. The owner has 2 businesses and does not have the time needed to spend on this business.

There is a freehold option to purchase this property as well as the business.

Financial Information

Freehold Price
£149,950

Leasehold Price
£3,000

Weekly Sales
£3,500 – £4,000

Business & Accommodation Rent
£9,600 Annual
£800 Per Month

Business Council Rates
Current rateable value £4,100
(Business rates relief available please see below *)

Fixtures & Fittings Value
£10,000

Annual Net Profit
Available on Request

Gross Profit Margin
18 %

* (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

Lease Terms
Renewable lease with 3 years remaining

Premises Licence
The premises has an alcohol licence

Employees
2 Non-Contracted

Commissions on Services
Available on Request

Stock Value Estimated
£17,500

Trading Hours
Monday – Saturday 7am – 10pm
Sunday 8am – 10pm

Ground Floor
Retail Area 55 m² (592 ft²)
Storeroom 25 m² (269 ft²) with rear access

Key Features

• 3 bedroom accommodation above the business

• 2×3 m chiller, 2.5 m freezer & 2×1 m freezer

• Renewable lease

•  Large stockroom area

•  Freehold option available

•  Lottery & Pay Point

Location

The business is located in Darlington, County Durham on a busy road with good public transport links.

Location on Map

Similar Businesses for Sale

Please call us on 01904 867175 for more information on these or any other businesses

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
Please enter your details below and we will contact you with more information or to arrange a viewing

Convenience Store & Off Licence Ref 5725