Convenience Store, Newsagent & Tobacconist
A well established Newsagent & Off Licence located in the town centre of Spennymoor in County Durham. The business is situated centrally surrounded by a number of other businesses.
Strong weekly sales excluding services. Additional sales income generated from lottery/paypoint & parcel commissions on services circ. £12,000. Additional revenue from weekly newspaper delivery charge of £38,870. There is scope for a new owner to self run and develop the business and reduce the weekly wage bill.
The shop floor has an extensive magazine selection along with standard confectionery lines, off licence and a large greetings card display. The shop is well fitted to a high standard with a large counter/tobacco area, modern shelving throughout with two large central gondolas and two large chillers.
Ancillary areas include a stockroom to the back of the shop with rear access. Rear stairs lead to a large upstairs floor area with stockroom, tobacco cupboard, 2 office areas, a kitchen and W.C. The shop offers a newspaper delivery service to the local town and has a large 18 round news bill.
This business is currently run by the branch manager and staff. The reason for sale is the owner’s change of personal circumstances meaning he no longer has the capacity to manage the business.
Finance option is available to purchase the lease.
Retail Area 69 m² (742 ft²)
Storerooms Total 41.5 m² (447 ft²)
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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.
£18,000 plus VAT
20 year lease expiring 2036
2 full time staff and 5 part time staff
(TUPE regulations applicable for staff transferred)
Monday – Thursday 5am-6pm
Commissions on Services
Delivery Income £38,870
Lottery circa. £7,540
Parcel Delivery circa. £1,600
Paypoint circa. £2,860
* (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