REF 5776

Convenience Store & 3 Bedroom Accommodation

Chester le Street

Location

The business is situated in a small village in County Durham located on the outskirts of Chester-le-Street and north of Durham city centre.

Business

Established over 50 years ago, this Convenience and Off Licence business offers the opportunity to purchase either the leasehold or freehold option. The business comes with a three bedroom property and has been operating with the current owners family for over 35 years. This shop has a regular footfall and provides a friendly service to the local community.

The shop has a good weekly turnover, regular passing trade and currently benefits from 100% business rates reduction. The large shop trading area stands at nearly 1,500ft² with ancillary areas incorporating three stockrooms, office, kitchen and W.C. The shop is refitted to a good standard with F&Fs including a new 4m open standing chiller, 2 x 2.5m chest freezers, a newly fitted suspended ceiling and an internal/external CCTV camera system. Commissions from services provide income from the internal ATM, lottery & PayPoint.

The nearest convenience store is 0.7 miles away in the neighbouring village and the nearest supermarket is 3 miles away towards Chester-le-Street. There is currently a new housing development underway within 1/4 mile of the shop.

This is a unique property and family run business operating seven days a week within the local community with sale due to retirement. Viewings highly recommended.

Opportunity

The business offers excellent scope for future growth and improvement and would therefore ideally suit an ambitious and energetic couple or family that have the opportunity to extend the opening hours from 8pm and add to the stock already on offer.

Accommodation

Located to the side of the building is the front door access to the stairway leading to a well presented three double bedroom property with lounge, kitchen and bathroom on the first floor, with space providing an opportunity to develop a 4th bedroom. Please contact us for more information about the accommodation.

Shop Measurements

Shop Trading Area: 135m² (1,452ft²)
Stockroom 3 Areas: 44m² (473ft²)
Yard: 17m² (183ft²)

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

£129,000

Tenure

Leasehold

Gross Annual Income

£884,000

Annual Rent

£18,000

Premises Licence
Licensed to sell alcohol 8am-11pm

Lease Terms
New lease available

Commissions on Services
Lottery, Paypoint and ATM £16,000 per year

Staff Employed
Family run and 3 part-time members of staff

Stock Value
£35,000 - £40,000

Trading Hours
Monday to Saturday 8:00am - 8:00pm

Sunday 8:00am - 8:00pm

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