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Skinnergate Newsagents, Skinnergate, Darlington, England, DL3 7NJ

£59,950

Property Description

Commercial information

  • Business for sale

Key features

  • Turnover y/e 31.3.16 284,841 + comm
  • Excellent Lottery and commissions c. 20k pa
  • Two vacant floors above, zero rates 2017
  • Only 6 day trading - scope for longer hours
  • Ideal husband and wife business
  • EPC Exempt

Full description

Tenure: Leasehold

Description

A mid-terraced, three-floor property, with the ground floor used for retail and storage, and two further floors above.

Location

Skinnergate News is on Skinnergate in the centre of Darlington, where there is a high volume of footfall. The area a good mix of commercial property including The Keys restaurant, bar and nightclub.

Internal Details

Sales counter with tobacco gantry, Lottery and cash register, a central display stand, one open chilled cabinet for fresh products and one triple door chilled drinks cabinet, confectionery display, newspaper and magazine displays and two greeting cards stands. A new CCTV system was installed in December 2014 and there is also air conditioning, as well as a stockroom and office and parking to the rear. Low energy LED lighting and a Coca Cola LED lit upright fridge were installed to save costs in 2016.

Owner's Accommodation

Both the second and third floors are vacant and with the addition of a bathroom suite and kitchen units would provide very spacious accommodation for sub-letting, subject to the terms of the lease. These floors could also be used for other business use, subject to planning consent.

The Opportunity

A busy, traditional newsagents for sale, which has been run by our clients for about 10 years who are selling as they wish to retire. We feel there is an opportunity for a new operator to increase profitability by increasing evening opening hours or opening on Sundays. There is National Lottery but no off licence.

There is a 360 degree virtual tour available to view, please ask for further details and we will send you a link.

Staff

This business is run by family and one part time staff member, contracted to 15 hours per week.

Trading Information

Turnover for the year ending 31/3/2016: £281,841 plus VAT and £20,983 commissions, producing an adjusted net profit of £24,460. Full accounts and a breakdown of income will be provided to interested parties after a formal viewing.

Trading Hours

7am-5.30pm Monday-Saturday

Business Rates

From April 2017 the rates payable will reduce from £7,000 per year to zero, therefore increasing the net profit considerably.


More information from this agent

Nearest stations

  • Darlington (0.5 mi)
  • North Road (0.8 mi)
  • Dinsdale (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Darlington (0.5 mi)
  • North Road (0.8 mi)
  • Dinsdale (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 6410838-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co , Newcastle Upon Tyne. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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