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Convenience Store In Washington For Sale

Washington, Tyne and Wear
Asking Price:
£109,000 Furniture / Fixtures included
Sales Revenue:
£500,000
Cash Flow:
Available on request

• Sales approx. £9,000+ per week plus commissions.
• Premises recently fully refurbished throughout.
• Retail Area 1,200 sq.ft (111.5 sq.m.) plus stores 500 sq.ft. (46 sq.m.).
• Located within densely populated residential area.
• Lotto, Paypoint and ATM commissions.
• Suitable for owner operation or management.
• LEASEHOLD £109,000 plus stock at valuation.

Property information

Property:

Leasehold

Lease Terms:

The premises are available by way of a lease expiring in 2021 at a passing rent of £12,000 per annum plus VAT. There is a service charge for the communal areas. Interested parties should seek legal confirmation of this.

Leasehold Rent:

£12,000 per annum

Location:

The business is situated within the densely populated suburb of Oxclose which lies on the north western outskirts of Washington. The surrounding area comprises predominantly residential housing and there are strong levels of captive trade with designated parking.

Premises Details:

The business forms part of the “village centre” which provides a community centre with a range of shops including a newsagents and hot food takeaway plus a pub / restaurant. A convenience store has operated from this location since the centre opened but the business has been placed on the market by the current owner as they are moving away from the region.

The shop is a traditional convenience store and off licence and in addition to the general trade the shop is also a Lotto and Paypoint outlet. The premises are in excellent order and were entirely refurbished in 2017 and included the installation of fitted wall chillers and freezers together with sales counters and a CCTV system. The shop has strong levels of captive trade being located within a densely populated residential suburb close to a school and there is also some passing trade from the pub nearby.

The business is currently operated by family members with one part time member of staff and would be most profitable in similar hands but it could be made part of a chain and profit margins would doubtless improve accordingly. There is a large storage and delivery area to the rear which allows our client to buy in bulk and maximise ma

Viewing is recommended to appreciate the fit and finish of the premises and to see extent of the unit.

Property

Comprises an extensive ground floor unit within a single storey purpose built retail parade. Accommodation;

Ground Floor

Sales Shop Extending to over 111 sq.m. (1,200 sq.ft.) sales counters, wine chillers, dairy chiller, beer fridge, freezers, Ice Cream freezer, card racks, shelving, Lotto cards display, cash registers and a CCTV system.
Stores extending to 48.4 sq.m. (520 sq.ft.).
Office
W.C.

Business Operation

Trading hours:

Monday to Saturday 9.00am - 8.00pm
Sunday 10.00am - 2.00pm

Contact Information

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