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Convenience Store & Off Licence

Hartlepool, County Durham

LEASEHOLD £15,000 (Ref 5751)

Description

Great opportunity to take over a popular Premier branded convenience and off licence business in an excellent location in Hartlepool.

Business

The business is located next to the college and just off the main road near the popular shopping area. It has got a lot of potential for the new owner to develop the business and make use of the good footfall and lack of competition nearby. There is car parking outside the shop. Services include National Lottery and Pay Point and a slush machine. 

The business is run by the owner and currently employs 2 non contracted staff. A more hands on approach from a new owner/operator could decrease the staff wage bill and increase profitability. Further development could be achieved by Introducing new services and increasing the stock level.

The shop floor is refitted to a good standard with 80 cm standing chiller 2x1m standing drinks chiller 2 m standing drinks chiller 2 m open chiller 1.2 m standing drinks chiller doors 1.2 standing drinks chiller, 1.5 m chest ice cream freezer , 2.4 m chest freezer electric shutters. Ancillary areas include stockroom, W.C .

Shop Dimensions

Trading Area 95.5 m² ( 1028 f²)
Stockroom Area 18 m² (194 f²)

Financial Information

Leasehold Price
£15,000

Weekly Sales
£4,000

Business Rent Annually
£10,200

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

Fixtures & Fittings Approximate Value
£5,000

Accounts Available
3 years

Annual Net Profit
£18,000

Gross Profit Margin
25 % 

* (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 Expiration

Employees
2 non contracted employees

Commissions on Services
Available on Request

Stock Value Estimated
£12,500

Trading Hours
Monday – Saturday 8:30 am -10:00pm
Sunday 9:30 am – 9:30 pm

Key Features

• Excellent location

• Good potential to develop the business

• Well established business

• Very busy area without direct competition

Location

The property is located in Hartlepool right next to the college just off the main road and close to the popular area of shops and eateries in the city. There is no direct competition.

Google Map Location

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Takeaway & 5 Bed Property

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Gross profit 45-50%

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Profitable Convenience Store

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Sales £16,000 PW

Annual Rent £14,000

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Business Sales Ref 5744