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High Street Newsagent & Card Shop

Chester-le-Street

LEASEHOLD £64,950 (Ref 5743)

Description

An opportunity to acquire this sizeable newsagent and card shop retail unit ideally positioned prominently on the high street of Chester-le-Street in County Durham. 

Business

A very well established newsagent and card shop with a loyal customer base on a central high street location in Chester-le-Street . The business has a large sized shop floor trading area of 1,200 sq/ft and lends itself to good potential to expand product range through the introduction of convenience and off licence goods. Lottery commissions are in excess of £2,000 a month and a loyal customer base. . The business is up for sale due to a change in the owners’ circumstances.

Open plan trading area with new fixtures and fittings. Recently a  new £7,000  five metre open dairy chiller cabinet, new EPOS till system, new shelving, CCTV system and security door have been fitted.

There is the opportunity for a new owner to further develop the business and capitalise on its location and lack of direct competition. 

Shop Dimensions

Shop Trading Area: 111.4 m² (1,200 ft²)
Stockroom Area:  23.2² ( 254ft²) 

Financial Information

Leasehold Price
£64,950

Weekly Sales
£11,500

Annual Business Rent
£21,750

Business Rates
Current rateable value £17,000
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£20,000

Accounts
Available on Request

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
No Premises Licence

Current Lease Term
Lease expiration 27/11/2027 (Renewable)

Employees
Currently 5 full time/part time employees

Commissions on Services
£2,000 per month

Stock Value Estimated
£20,000

Trading Hours
Monday – Saturday 7:30 pm – 5:30 pm
Sunday Closed

Key Features

• High Street Location

• Open Plan Trading Area

• Well Established Business

• Renewable Lease

• No Premises Licence

Location

The business is located on the high street in Chester-le-Street in County Durham. It is 7 miles south of Newcastle-upon-Tyne and 8 miles west of Sunderland.

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 5682