REF 5797

CTN Convenience Store & Off Licence with Full Refit

Middlesbrough

Location

A CTN convenience store & off licence in a good location within a row of other businesses in Acklam, Middlesbrough just off the A19. Located in the centre of a residential area with 2 primary schools, a medical centre and other amenities nearby.

Business

The trading area has been re-fitted to a very high standard by the current owners, it has a high gloss finished floor, suspended ceilings with led lights and 2 large 3.75m drinks chillers. The store stocks a good range of convenience goods, chilled soft drinks, alcohol, frozen foods, newspapers and magazines. The shop has been established for over 30 years with a good loyal customer base.

The business receives a monthly 2% retro discount from Premier 'Shop & Save' buying. Further revenue includes Lottery & Pay Point and home news delivery. The shop has an internal cash machine on-site. Reason for the sale is the owners looking to relocate.

External

To the rear external door there is access to the upstairs accommodation and 2 single garages available for storage.

Accommodation

A 2 bedroom upstairs accommodation with lounge, kitchen and bathroom. The current rent value at £5,000 annually. Please contact us for further information.

Shop Measurements

Trading Area 46.5m² (500 ft²)
Stockroom Area 12.8m² (138 ft²)

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

£85,000

Tenure

Leasehold

Gross Annual Income

£520,000

Annual Rent

£16,000

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

Commissions on Services
Lottery & paypoint approx £550 monthly

Lease Information
15 year lease commenced 9/3/2015

Rental Value
£4,800 annually

Employees
Owner run with 1 part time employee

Stock Value
£20,000 estimated

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

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