REF 5819

Convenience & Off Licence with Freehold Property

Thornley

Location

Located in the idyllic village of Thornley, situated about 6 miles to the east of Durham and 5 miles west of Peterlee. This business resides along the high street within close proximity to a multitude of amenities, these include a local pub, fish & chip shop and the popular village centre. With this prime location it ensures a large amount of footfall from repeat loyal customers and an ideal position to further appeal to a wide market.

Business

This business established for 100 years is a staple of the community with a loyal customer base and an impressive reputation. This is further shown through its excellent Google reviews.

This is a three storey detached property with the ground floor being the retail unit and the first and second floor containing the accommodation. Within the business you will find it to be in a good state of repair with an impressive layout and effective use of space. F&F's include 3m and 3.7m chillers, 1.3m and 0.6m freezers and an ice cream freezer. To the right is the internal storage area leading into the Staff W/C. Outside the front of the business you have an ideal parking space for customers that offers easy and effective access into the store, this draws in an increased amount of passing trade.

The current owners have operated this business for nearly 10 years fitting it with an up to date trading area and creating a well established relationship with the community, this ensures an easy transition for the purchaser through a trusting and loyal customer base. This is a semi retirement sale where the owners are wanting to focus on other business commitments and wish to pass this business on for someone to continue to grow.

Upstairs / Accommodation

To the rear of the store is a stairway leading directly to the kitchen area, shower room, dining room and separate living room. This stairway can also be accessed externally to the side of the property. From there you can proceed to the second floor which contains one bedroom.

The upstairs area is currently rented out by a business paying £3,120 in rent annually. This can either be continued by the purchaser or used by themselves if interested in a more hands on approach.

On-Site Services

Lottery & Paypoint
EPOS
Amazon Hub
No cash machine

Staff Employed

Two contracted staff members, one full time 40hrs and one part time 16hrs. TUPE rules apply.

Trading Hours

Monday to Saturday 5:30am-8:30pm
Sunday 5:30am-5:00pm

Premises Licence

Monday to Saturday 8:00am-11:00pm
Sunday 10:00am – 11:00pm

Property Type

A1/A2 Retail and Financial/Professional services

Tenure

Freehold

Retail Measurements

Ground Floor
Retail zone 46.7m² (502ft²)
Internal storage 4.4m² (47ft²)
Staff W/C 5.6m² (60ft²)

Total 56.6m² (610ft²)

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.

Commissions on Services
Annual Lottery Commissions circa. £11,700
Annual Paypoint & Amazon Commissions circa. £1,040

Gross Annual Income
£556,400

Accommodation Rent Income
Annual Accommodation Income is £3,120

Stock Estimated
£15,000

Rateable Value
£2,659

* (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

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