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Convenience Store & Off Licence

Washington, Tyne & Wear

LEASEHOLD £40,000 (Ref 5738)

Description

We offer for sale a convenience store & off licence business within a popular shopping centre in Washington, Tyne & Wear situated close to local amenities with no direct competition nearby.

Business

The business is located in Washington Village Centre and is situated just off the main road next to a local pub within a dense residential and with ample parking to the rear of the shop. Located close to local amenities there is a local pub, school, park and Inn within walking distance.

The shop has a sizeable open plan trading area with modern fixtures and fittings throughout including a 2 x 3.75 m chillers, 2 x 2 m chest freezers. Typical features include lottery, Paypoint, CCTV and rear delivery access. Increasing product lines and dedicating more hours to the shop could generate an increase in weekly sales. There is sufficient trading area that could accommodate more versatility offering potential to further developed the business. Ancillary areas comprise of two similar sized stockrooms and comes with a washing area that could be used as a kitchen complete with two W.C. units

Lease currently has 1 year remaining and is renewable with a 10 year term.

Shop Dimensions

Trading Area: 84 m² (904 ft²)
Stockroom Area: 21.3 m² (229 ft²) 

Financial Information

Leasehold Price
£40,000

Weekly Sales
£5,000

Business Annual Rent
£11,000

Business Rates
Current rateable value £6,500
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£15,000

Accounts Available
2 years

Annual Net Profit
£20,000

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
Expiration 01/10/2020 renewable with  a 10 year term

Employees
1 non contracted member of staff  

Commissions on Services
Available on Request

Stock Value Estimated
£10,000

Trading Hours
Monday – Thursday 7:00 am – 10:00 pm
Friday – Saturday 7:00 am – 11:00 pm
Sunday 8:00 am – 9:00 pm

Key Features

• No direct competition

• Located in a popular residential area

• Fully fitted business

• Car parking to the rear of the shop

• Opportunity to develop business

Location

The business is located in Donwell Village Centre in Washington just off the main road and close to local amenities and local pub with car parking outside. The shop benefits from being central to the surrounding popular residential area.

Google Map Location

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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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Business Sales Ref 5733