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Convenience Store In Darlington For Sale

Darlington, County Durham
Freehold Price:
On request Furniture / Fixtures included
Lease Asking Price:
£3,000 Furniture / Fixtures included
Sales Revenue:
£182,000
Cash Flow:
Available on request

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.

Leasehold Price
£3,000

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 %

Premises Licence
The premises has an alcohol licence

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

Property information

Property:

Available as freehold and leasehold

Lease Terms:

Renewable lease with 4 years remaining

Leasehold Rent:

£9,600 per annum

Living Accommodation:

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.

Location:

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

Business Operation

Reasons for selling:

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.

Trading hours:

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

Employees:
2 Non-contracted
Years established:
Well established

Other Information

Furniture / Fixtures value:
£10,000 - included in the asking price
Inventory / Stock value:
£17,500
Leasehold asking price:
£3,000 - Furniture / Fixtures included

Contact Information

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