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Tuesday 24th of Oct 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£39,000

Convenience Store Off Licence – County Durham Premium Advert

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Further Details
Reference4382a / RightBiz
Status
FOR SALE
Advert ID194897
LocationFerryhill, County Durham
SectorRetail, Convenience Stores
Leasehold Price£39,000
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Key Features
  • Price Reduced
CONVENIENCE STORE/OFF LICENCE – COUNTY DURHAM
Situated in the market town of Ferryhill
Scope to further develop the business
Ideal partnership opportunity
Superb business location
Low overheads
LEASEHOLD

Business history

Meridian Business Sales are pleased to offer to the market this well established off licence/convenience store which was established by our client in 1989. Our client is reluctantly offering the business to the market due to a desire to take well deserved retirement. Since the business was established our client has invested time and money in the business and has maintained a solid trading history. Our client informs us that they currently generate a respectable annual turnover which is derived from the sale of confectionery, tobacco, beers, wines and spirits and soft drinks as well as hot beverages. Additionally the business offers the lottery, battery replacement and has built up a strong reputation within the local community and as such has a high level of regular and repeat trade. Above the retail shop are 2 floors currently used for storage. There is scope to add a kitchenette to the 2nd floor and create living accommodation, (STPP), which may create additional income or owners’ accomodadion. This business would ideally suit a partnership and could afford a good standard of living. This is a superb opportunity to purchase a well established business, which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.


Tenure
We are advised Leasehold
Lease to be negociated
Rent: £400pcm
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