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Convenience Store & Off Licence with Optional 2 Bed Accommodation

Seaham, County Durham

LEASEHOLD £24,950 (Ref 5750)

Description

A very well established small convenience & off licence within a prime location in a well populated residential area. The business has a regular customer base and it is situated close to a main road with schools, community and recreational centres nearby and has no direct competition.

Business

The business is well refitted throughout and has Premier branding with F&Fs which include 2 chillers (3.75 m) 1 chiller (1.5 m ) and a 2 m freezer, also CCTV, electric shutters and a modern shelving system.

There is good car parking availability outside the shop and rear delivery access. The business has Lottery & Pay Point and more services could be introduced on the premises to increase profitability.

There is much passing trade with free car parking outside the shop and a school within close proximity. The shop is owner run. The profitability of the business could be further improved through introducing more services and increasing the stock level.

New terms will be available on a leasehold purchase.

Accommodation

There is an option to rent the upstairs 2 bedroom accommodation. Please contact us for more information .

Shop Dimensions

Trading Area:  47 m² ( 506 ft²)
Stockroom Area:  16.1 m² ( 173 ft²) 

Financial Information

Leasehold Price
£24,950

Weekly Sales
£5,250

Business Annual Rent
£10,080

Accommodation Annual Rent
£4,320

Business Rates
Current rateable value £3,000
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£10,000

Accounts Available
Available on request

Annual Net Profit
Available on request

Gross Profit Margin
22 %

* (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
No employees

Commissions on Services
Available on Request

Stock Value Estimated
£15,000

Trading Hours
Monday – Saturday 7:00 am – 10:00 pm
Sunday 8:00 am – 10:00 pm

Key Features

• Optional 2 bedroom accommodation

• Well established business

• Close to local recreational centres and primary schools

• Located within a residential area

Location

The business has a prime location in a well populated residential area with a regular customer base and it is situated close to a main road with schools, community and recreational centres nearby and has no direct competition.

Google Map Location

Convenience Store

Palmersville (Ref 5748)

Sales £7,000 PW

Rent £14,400

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Convenience Store & Post Office

Gateshead (Ref 5747)

Sales £10,000 PW

Rent £9,750

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Takeaway & 5 Bed Property

Durham (Ref 5745) 

Sales £4,500 PW

Gross profit 45-50%

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Profitable Convenience Store

Newcastle (Ref 5710)

Sales £16,000 PW

Annual Rent £14,000

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Business Sales Ref 5750