REF 5765

Washington Village Convenience & Off Licence

Washington

Location

This convenience and off licence business is situated in Oxclose Village a suburb of Washington, Tyne & Wear and located just 2 miles from the centre. There are large residential areas surrounding the business with good footfall and sufficient parking spaces to the rear of the building.

Business

A very well presented, refitted and merchandised shop with a large 1,200 sq/ft trading area . The shop is well equipped and offers internal cash machine and coffee making facilities. The shop operates National Lottery, Paypoint & Switch2, the only site currently in the area to offer all services. The business generates consistent income with higher sales over seasonal times the shop has seen weekly takings exceeding £10,000. The majority of sales are alcohol and drinks with an 18-20% GP.

The site operates an epos till system and is entirely owner operated with no extra staff. F&F's with the purchase include two 3.7m open alcohol chiller, a 3.7m closed chiller, a 2m frozen food chiller , modern shelving system and new fully fitted counter unit. There is a multi camera CCTV system. Ancillary areas include stockroom and W.C. to the rear.

Opportunity

The business was re-fitted in 2018 by the current owner & son and has been continuously developed since, increasing sales by over 50% since the original purchase. Due to personal reasons the clients are reluctantly selling the business.

The shop currently only trades from 9am, there is the option to open earlier and catch the morning trade.

Shop Dimensions

Trading Area 110m² (1,184f²)
Stockroom Area 59m² (636f²)

Notice

All information provided is subject to the standard terms and conditions of A1 Businesses Ltd. (trading as A1 Businesses for Sale). See our disclaimer page for more details.

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

£70,000

Annual Rent

£12,000

Rateable Value*

£9,600

* (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

Premises Licence
Monday - Saturday 8am to 11pm
Sunday 10am to 10:30pm

Commissions on Services
Lottery £100 per month

Staff Employed
2 part time

Lease Terms
Expiry date 6/12/2021

Stock Value
Approx. £40,000

Trading Hours
Monday - Saturday 9am to 8pm
Sunday 10am to 2pm

EPC
Energy Rating B

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