REF 5826

High Street Discount Store in Bedlington

Northumberland

Location

This business is situated along the high street of Bedlington in South East Northumberland, about 14 miles north of Newcastle upon Tyne. It is close to many other local amenities and businesses including pubs and a community centre.

Business

This discount store incorporates a well stocked trading area with items including groceries, confectionery and domestic goods. The premises has carpeted flooring and LED lights. Currently, it is an owner-run business with the assistance of a member of staff.

The owner has been running the store for the past three years and is now looking to spend more time with his family, hence the reason for sale. This provides a unique opportunity for the purchaser to extend the current trading hours, meaning the sales could be increased beyond their current scope.

We've also been advised that there is no direct competition and due to the high street location it has created less opportunity for competitors to move into the area.

Fixtures & Fittings

Incorporate all fitted shelving and manual till system

Staff Employed

No staff to be transferred under TUPE regulations

Trading Hours

Monday to Friday 9am-4pm
Saturday 9am-2pm
Sunday Closed

Premises Licence

N/A

Property Type

A1 Retail

Lease Terms

New lease available

Tenure

Leasehold

Retail Measurements

Ground Floor
Retail zone 125.9m² (1,355ft²)
Internal storage 31.2m² (336ft²)

Total 157.1m² (1,691ft²)

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.

Annual Business Rent
£10,000

Estimated Stock Value
£20,000

Gross Annual Income
£234,000

Rateable Value
£9,300

* (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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