REF 5759

Convenience & Off Licence Store

Sunderland

Location

This well established business is situated in the popular Silksworth area of Sunderland. It is on a busy road, close to schools, churches, local parks and a cricket club.

Business

This is a Londis branded convenience store. It has been trading since 1984, during which time it has built a large, loyal customer base. The property has parking for up to 4 cars at the front, fully alarmed and has CCTV.

The business generates additional income from Lottery & Pay Point. It currently employs 3 part time members of staff. Fixtures include 3 open chillers, 4 standing freezers and the property is fully refitted to a high standard. To the rear of the property there is a large stockroom, a kitchen and a toilet.

The business has steady weekly sales and could be further developed by introducing longer opening hours under the new management. The owner's reason for sale is retirement.

Shop Dimensions

Trading Area 65m² (700f²)
Stockroom Area 36.6m² (394f²)

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Viewings

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.

Price

£99,950

Tenure

Leasehold

Gross Annual Income

£572,000

Annual Rent

£15,600

Rateable Value*

£5,300

* (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

Commission on Services
Approximately £150 a week

Staff
4 part time contracted member of staff

Stock Value
£25,000 approx

Lease Information
New lease 10-20 year available

Trading Hours
Mon - Sat 6:30am - 8:30pm
Sunday 8:00am - 8:30pm

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