CONVENIENCE STORE OFF LICENCE COUNTY DURHAM

Ferryhill, County Durham
Leasehold Price:
£39,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
204124
Reference
4382a / Rightbiz

Details

Location

This prominent off licence/convenience store is located on the corner of a small shopping parade, in a main road position, in the market town of Ferryhill. The business enjoys a wonderful trading position providing ample opportunities for passing trade. The area is primarily made up residential properties, with a number of different services and facilities close by, which is ideal for a business of this nature. Ferryhill is a town in south-central County Durham bordering Tyne and Wear to the north/north east, Northumberland to the north, Cumbria to the west and North Yorkshire to the south. The business is accessible via the A167 and the A1 which gives further access both to the North and the South.


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 he achieves a healthy 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' accommodation. 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.

Accommodation
Well signed corner property briefly comprising:
GROUND FLOOR retail unit
Display windows to 2 corners
Alarmed with sensors
Internal CCTV system
Well equipped to suit business
2 x confectionery displays
Wooden shelving to 2 sides
3 x branded fridges, Carlsberg, Coca Cola and Irn Bru
Coffee machine
Cigarette cupboard behind till area

Stairs to the rear leading to FIRST FLOOR - currently used for storage

Stairs to SECOND FLOOR comprising:
Bathroom
Storeroom

EXTERNAL
Communal parking

Listing Details
Leasehold Price: £39,000
Tenure: Leasehold
Sector: Convenience Stores, Off Licences
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Listing Statistics
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