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Convenience Store & Off Licence with 3 Bed Property in Darlington

Darlington, County Durham
Freehold Price:
Price on Application
Leasehold Price:
£17,495
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
236114
Reference
5725 / Rightbiz

Details

We offer this well re-fitted Convenience Store & Off Licence business with 3 bedroom accommodation. The shop floor is well merchandised with 2×3 m chiller, 2.5 m freezer & 2×1 m freezer. Currently operating on sales of around £3,500 per week. There is potential to increase sales through new owners dedicating more time to the business and extending opening times as there is an alcohol licence until 11pm. Introducing incentives such as a cash machine could increase sales.

The upstairs living space comprises of a lounge, kitchen, bathroom and 3 bedrooms. Two of which are situated on the ground floor and one in the converted loft space above. The house has a modern interior with triple glazed windows, carpets, curtains and blinds, along with a new central heating system. Further pictures of the property are available on request. 

The business is currently staff run and managed. The owner has 2 businesses and does not have the time needed to spend on this business.

There is a Freehold option to purchase this property as well as the business.

 

Financial Information

Leasehold Price
£17,495

Weekly Sales
£3,500

Annual Business Rent
£9,600

Annual Accommodation Rent
£4,800

Business Council Rates
Zero Rateable

Fixtures & Fittings Value
£10,000

Annual Net Profit
Available on Request

Gross Profit Margin
18 %

Further Details

Lease Terms
Renewable lease with 4 years remaining

Premises Licence
The premises has an alcohol licence

Employees
2 Non-contracted

Commissions on Services
Available on Request

Stock Value Estimated
£17,500

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

Ground Floor
Retail Area 55 m² (592 ft²)
Storeroom 25 m² (269 ft²) with rear access

Key Features

• 3 bedroom accommodation above the business

• 2×3 m chiller, 2.5 m freezer & 2×1 m freezer

• Renewable lease

•  Large stockroom area

•  Freehold option available

•  Lottery & Pay Point

Location

The business is located in Darlington, County Durham on a busy road with good public transport links.

Listing Details
Freehold Price: Price on Application
Leasehold Price: £17,495
Tenure: Freehold
Tenure: Leasehold
Sector: Convenience Stores, Off Licences, Investment Properties
Financials
Annual Turnover: £182,000
Annual Net Profit: Available upon request
Key Features
  • Accounts Available
  • With Accommodation
  • Prime Location
  • Fully Fitted
  • Established Business
  • Attractive Business
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