REF 5777

Convenience Store & Off Licence Low Rent

Belmont

Location

This business is situated within a local shopping centre at Chevely Park within the residential area of Belmont, just east of Durham city centre and the A1. This is an excellent business location with good local amenities and transport links available. The business is situated just off Broomside Lane and is a few hundred metres from High Street and within half a mile of three different schools, resulting in a high volume of footfall and passing trade.

Business

This leasehold business has seen a growth in weekly sales after Covid-19, we have been advised that this has increased by a £1,000 a week and has the potential to continue growing under the right management. The current owner is leasing the business due to his time being tied up with other businesses, therefore, this opportunity is ideal for passionate and dedicated individuals wanting to develop this business further.

The shop trading area is 327ft² with ancillary areas which include the stock room and staff toilets. The business comes with all fixtures and fittings, including 3.7m chiller, 2m chillers (x2), coffee machine, slush machine, chest freezer, ice cream freezer, epos tills with booker and an ADT CCTV system.

At present, the business is staff and owner run with current wage bill at approximately £750. This convenience store provides an excellent opportunity to provide more services and to increase commission through the introduction of an ATM, PayPoint and PayZone as it currently only provides lottery services. There is also a retro discount for the news supplier equating to approximately £800 per month.

Opportunity

This business has been priced accordingly for a quick sale and is an excellent business venture opportunity, particularly given the increase in sales and the scope to provide more services. We recommend early viewings on the business.

Shop Measurements

Shop Floor Trading Area – 30.4m² (327ft²)
Stock Room – 31m² (334ft²)

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

£79,950

Tenure

Leasehold

Gross Annual Income

£700,000

Annual Rent

£8,000

Rateable Value*

£6,700

* (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

Trading Hours
Monday to Sunday 6:00am - 9:00pm

Premises Licence
Monday to Saturday 8:00am - 10:00pm
Sunday 10:00am - 10:00pm

Staff Employed
3 part-time staff (not contracted)

Estimated Stock Value
£20,000

Shop Measurements
Shop Floor Trading Area - 30.4m² (327ft²)
Stock Room - 31m² (334ft²)

Leasehold Price
£79,950

Lease Details
Protected lease, renewable January 2022

Accounts
Three years accounts available

Newspaper Bill
£2,500 per week, including news vouchers

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