REF 5788

Post Office, Convenience Store & Off Licence & 4 Bedroom Property

Ryhope

The Location

Ryhope is a coastal village along the southern boundary of the City of Sunderland, in Tyne and Wear, North East England, situated within 2 miles of Ryhope Beach and 2.9 miles to the south of Sunderland town centre.

The Business

This is a very well established Post Office, Newsagent & Convenience Store which benefits from passing footfall and attractive Post Office commissions. The shop has a steady income from shop sales with an additional income from Post Office commissions and from the external cash machine of £7,200 yearly. Post office income for the current year ending 31/03/21 is £39,500.

The owner has operated the business since 2011 and have heavily invested in extending the property, re-fitting the shop floor out entirely and modernising the accommodation. Both the commercial premises and the owners accommodation are immaculately presented throughout with no additional work needed.

The business has a premises licence to sell alcohol from 6am to 11pm seven days a week. The business is run by the owner with her son and an additional 2 part time members of staff. There is a genuine reason for sale.

Accommodation

The property has external access to the accommodation from the front door with additional access from within the Post Office counter area. The ground floor accommodation comprises of bathroom, utility room, front facing lounge, rear kitchen and dining area with sliding doors leading to the rear garden area. The first floor accommodation includes an open plan landing area leading into four separate double rooms, one with an ensuite, a separate w/c and bathroom with shower. Planning permission has been approved for a loft area with further permission granted for a further residential extension.

Opportunity

The owner only trades 6 days per week choosing to close on a Sunday and closes at 6.00pm for Monday to Friday. There is opportunity for a new owner to extend the opening hours to capitalise on additional trade income and the later licensing hours granted to the business.

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 - £359,950

Tenure

Freehold and Leasehold available

Gross Annual Income

£364,000

Annual Rent

£19,800

Rateable Value*

£11,000

* (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 Saturday 8.00am to 6.00pm
Sunday - Closed

Premises Licence
Licensed to sell alcohol 6:00am to 11:00pm

Staff Employed
Owner and 1 family member with 2 part time staff

Stock Value
£25,000 approximately at wholesale value

Audited Accounts
3 years of accounts will be available following viewings

Shop Measurements
Shop Trading Area: 87.1m² (937²)
Stockroom Area: 15.1m² (162ft²)

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