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Profitable Off License & Convenience Store in Durham with High Yearly Turnover, Expansion Potential

Durham, County Durham
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Off License & Convenience For Sale in Durham Photo 1
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  • Freehold: £595,000
  • Turnover: £1,036,313 (£19,929 per week)
  • Net Profit: Not Applicable

Business Details

Off License & Convenience For Sale in Durham

FREEHOLD HIGH TURNOVER GENERAL STORE in Durham for Sale.

LOCATION - A pleasant and friendly village in County Durham, just five miles west of Durham city, in the semi-rural Deerness Valley.
THE OPPORTUNITY - Owned and operated by our client for the last 40 years and having only changed hands three times in the last 100 years, this general store is a one-stop shop for everything from a can of pop to small gardening implements and electrical goods. The shop does not currently sell alcohol which would obviously be an obvious opportunity for additional revenue. Over £1 million pounds in net sales (excluding VAT) are consistently achieved year on year, with tremendous adjusted net profits in excess of £95,000 per annum.
THE PROPERTY - Surprisingly spacious being two units and extending over two floors. The first floor has potential for living accommodation, but the majority of the bedrooms are currently utilised as stock rooms, office and rest area. There is a kitchenette and WC on this floor. The shop makes good use of every available space and is comprehensively stocked. Banks of upright drinks chillers, frozen food chest freezers and several aisles of convenience goods, plus a greeting cards and stationery stand and a news and magazine stand. Counter with tobacco gantry and Lotto. Rear loading / delivery area and staff WC. Access to the rear of the property through security roller shutter doors and secure steel gate. As well as goods storage, there is plenty of room for a large vehicle. EPC Band B.
Stock £45,000 to £50,000.
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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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