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CTN Convenience Store & Off Licence with Two Bedroom Accommodation & Full Refit in Middlesbrough

Middlesbrough, North Yorkshire
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CTN Convenience Store & Off Licence with Two Bedroom Accommodation & Full Refit in MiddlesbroughCTN Convenience Store & Off Licence with Two Bedroom Accommodation & Full Refit in MiddlesbroughCTN Convenience Store & Off Licence with Two Bedroom Accommodation & Full Refit in MiddlesbroughCTN Convenience Store & Off Licence with Two Bedroom Accommodation & Full Refit in Middlesbrough
  • Status

    FOR SALE

  • Date Submitted:

    21/06/21

  • Advert ID

    278516

  • Reference

    5797 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £85,000 (Stock at valuation)
  • Rent: £16,000
  • Turnover: £520,000 (£10,000 Per week)
  • Net Profit: On request

Key Features

  • Close to Local Amenities
  • Open Plan Trading Area
  • Fully Fitted
  • Established Business
  • Attractive Business
  • Accounts Available

Business Details

CTN Convenience Store & Off Licence with Two Bedroom Accommodation & Full Refit in Middlesbrough

A CTN convenience store & off licence in a good location within a row of other businesses in Acklam, Middlesbrough just off the A19. Located in the centre of a residential area with 2 primary schools, a medical centre and other amenities nearby.

The trading area has been re-fitted to a very high standard by the current owners, it has a high gloss finished floor, suspended ceilings with led lights and 2 large 3.75m drinks chillers. The store stocks a good range of convenience goods, chilled soft drinks, alcohol, frozen foods, newspapers and magazines. The shop has been established for over 30 years with a good loyal customer base.

The business receives a monthly 2% retro discount from Premier 'Shop & Save' buying. Further revenue includes Lottery & Pay Point and home news delivery. The shop has an internal cash machine on-site. Reason for the sale is the owners looking to relocate.

External
To the rear external door there is access to the upstairs accommodation and 2 single garages available for storage.

Accommodation
A 2 bedroom upstairs accommodation with lounge, kitchen and bathroom. The current rent value at £5,000 annually. Please contact us for further information.

Shop Measurements
Trading Area 46.5m² (500 ft²)
Stockroom Area 12.8m² (138 ft²)

Key Features

  • Weekly Sales circa. £8,000
  • 2 bed accommodation
  • Close to local amenities
  • Situated next to other businesses
  • Established for over 30 yrs

Gross Annual Income: £520,000

Annual Rent: £16,000

Rateable Value*: £9,600* (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

Commissions on Services
Lottery & paypoint approx £550 monthly

Lease Information
15 year lease commenced 9/3/2015

Rental Value
£4,800 annually

Employees
Owner run with 1 part time employee

Stock Value
£20,000 estimated

Trading Hours
Monday to Saturday 6:00 am - 9:00 pm
Sunday 6:00 am - 9:00 pm

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]

Read more

Contact Agent

Contact the seller for more details, or book a viewing

Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'CTN Convenience Store & Off Licence with Two Bedroom Accommodation & Full Refit in Middlesbrough - 5797 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.