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Convenience & Off Licence with Freehold Opportunity in a residential area of Sunderland

Sunderland, Tyne and Wear
Status
FOR SALE
Advert ID
268006
Reference
5782 / Rightbiz
Freehold Price: £164,950
Leasehold Price: £74,950
Annual Rent: £10,000
Annual Turnover: £520,000
Annual Net Profit: Available upon request

Fulwell News is a convenience store and off licence situated prominently on the corner on a main road running through the area of Fulwell in Sunderland in the North East of England. Fulwell is an affluent area and former civil parish in the City of Sunderland, it is located 2.5miles north of Sunderland city centre and is only 0.5 mile from the coastal area of Whitburn Bay near Seaburn.

Premises
The available property consists of a semi-detached building, being brick built under a pitched tile roof. The retail unit, stockroom kitchen area and W.C. occupy the ground floor, with a 228ft² loft space with front window available on the first floor and accessible via stairs from the shop trading area. There is a private rear courtyard which can be accessed internally from the back storeroom or externally from the gate to the rear of the building. The property has the potential to extend the building into the courtyard area and thus extending the size of the shop or stockroom areas.

Internal Details
The shop floor trading area has an open plan sales area of 450ft² and fully equipped for the sale of convenience goods, frozen and chilled products, a full range of off licence goods, newspapers, magazines, cigarettes, confectionery and cards. The business is also a National Lottery and PayZone Agent. The trading area is re-fitted to very good standard with F&Fs to include a 3.7m built in closed door fridge unit and a 1.5m standing freezer. To the rear there is a stockroom, kitchen and staff restroom. The business benefits from full CCTV and alarm systems.

Trading Information
We are advised by our client that the weekly sales are circa £10,000 based on the data provided, with an average gross profit of 20%. We are able to provide sales reports for recent trading history along with the last 2 years of accounts, all of which can be made available to interested parties following a formal viewing of the business

Staff
The business is run entirely by the 2 owners with the assistance of a family member therefore no staff are required to be taken on.

Opportunity
This is a rare opportunity to purchase a freehold lock up shop within a desirable area. The rear yard has provides the option of an opportunity to develop the property and further extend the shop floor trading area or stockroom.

Key Features

  • Weekly Sales circa. £10,000
  • Owner run business
  • Prominent position in residential area
  • Option for Freehold purchase
  • North East coastal location

Tenure
Freehold and Leasehold available

Annual Rent
£10,000

Rateable Value*
£9,200

* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) 

Trading Hours
Monday to Saturday 5:30am-9:00pm

Premises Licence
Licensed to sell alcohol 6:00am to 11:00pm

Shop Measurements
Shop Trading Area: 41.7m² (449ft²)
Stockroom Area: 8.3m² (89ft²)
Kitchen Area: 3.7m² (40ft²)
Loft Area: 21.2m² (228ft²)

Staff Employed
2 Owners and 1 family member, no additional staff

Estimated Stock Value
£25,000 at Wholesale Value

Lease Terms
No current lease in place. Available 10-20 year option.

Accounts
2 years of accounts area available following viewings

Notice
All information provided is subject to the standard terms and conditions of A1 Businesses Ltd. (trading as A1 Businesses for Sale). See our disclaimer page for more details.

Viewings
Any viewings for the business and/or property are to be made strictly by appointment only through A1 Businesses for Sale. No approach should be made directly to the owner or any of their employees.

Interested in this Business?

Call us 44 1904 867175
Email us [email protected]

Listing Details
Location: Sunderland, Tyne and Wear
Sector: Commercial Properties, Retail, Convenience Stores
Key Features
  • Attractive Business
  • Fully Fitted
  • Prime Location
  • With Car Park
  • Established Business
  • Accounts Available
  • New Lease
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 5782 / Rightbiz

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