• Post Office Income circa £18,000 per annum and rising.
• Shop Turnover circa £500,000 per annum.
• Additional income from commissions.
• Floor area extends to 1,600 sq.ft. (150 sq.m.).
• Fully fitted and equipped for the trade.
• Pleasant residential area with expanding local population.
• Leasehold £115,000 plus stock at valuation.
- Asking Price:
- £115,000 Furniture / Fixtures included
- Sales Revenue:
- £500,000
- Cash Flow:
- Available on request
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
The premises are held on a 10 year lease from 2015. The current rent is £10,000 per annum.
- Leasehold Rent:
-
£10,000 per annum
- Location:
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The business is situated on the main road running through the village centre. Burnopfield is a pleasant and expanding village located approximately 7 miles from Newcastle and 15 miles from Durham. Car and public transport access into either City centre is straightforward via the A692 or A691. The premises form part of a parade of shops and other occupiers include a bakery, takeaway, dental surgery and a hair salon. There is ample free on street parking directly outside the units.
- Premises Details:
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This business has been in the same ownership since 2015 but has now been placed on the market as the owner is looking to reduce their commercial commitments.
The business trades as a traditional CTN, convenience store with off licence and Post Office. The premises are fully fitted and equipped for the trade and are in good order with little for any new owner to attend to on acquisition. Over the last few years the owners have invested in new chiller units and LED lighting and CCTV has been installed to the retail element.
There is scope to extend the lines sold and the sales shop could be increased by reconfiguring the storage areas to the rear. The current owner has looked into incorporating a range of homeware and essential hardware items as they believe that this would be a popular addition to the business. There is little doubt that there are more people shopping locally and these essential day to day items should be a good seller in any convenience store.
Property:
Comprises a single storey lock up retail unit forming part of a larger building and parade.
Ground Floor; Total floor area 165 sq.m. (1,775 sq.ft.).
Retail Area
Store 1
Store 2
Staff W.C.
- Energy Performance Rating:
- B View EPC Graph for this property
Business Operation
- Trading hours:
-
Monday - Sunday 8.00am – 10.00pm
- Employees:
- Currently operated by the owner with the help of 3 members of staff.
Other Information
- Post office salary:
- £18,000 per annum
