Shop for sale

Greenwell Road,Newton Aycliffe,DL5

£100,000

Property Description

Full description

Tenure: Leasehold

Well known DIY store - Newton Aycliffe
Huge stock and service ranges
Advised turnover 265,000pa
Established for 36 years
Genuine retirement sale
Superb trading location
Early viewing advised
Thriving business
Monopoly trade
Low Overheads
LEASEHOLD


Location

The business enjoys a prominent and highly visible position on a main road in the town centre of Newton Ayecliffe and is surrounded by a complementary selection of shops and business as well as residential properties. Having a private car park for approximately 6 vehicles as well as the convenience of a nearby communal car park and free roadside parking, this busy shop is always easily accessible to customers. Newton Ayecliffe is a popular town in County Durham accessed via the A167 Durham to Newcastle Road. It is within easy distance of the main A1(M) North to South road and the A689 which gives access to Bishop Auckland in the west and Hartlepool and Teesside in the east. There is also a train station within 2 miles.


Business History

Meridian Business Sales are delighted to offer to the market this exceptional and long retail business which prides itself on being an Aladdin's Cave for services and stock items relating to home improvements catering for everyone from first time DIY'ers to experienced builders. The business was established some 36 years ago and has been under our clients careful stewardship for the past 17 years. Our clients is now offering the business for sale due to his pending, well earned retirement. We are advised the business has an annual turnover of 265,000 with a gross profit margin of 45-50% derived from the sale of DIY products and materials such as tools, timber, decorating supplies, plumbing supplies, electrical supplies, key cutting and seasonal products to name but a few. Our client trades with the ethos 'If it's not here, you probably don't need it!' and the current stock levels of circa 130,000 show the diversity and sheer number of the product ranges stocked. The business enjoys a tremendous local reputation for customer service and variety of stock and has over 30 account with local businesses which is testament to its solid reputation. In addition, our client estimates that 60-70% of trade is from regular/repeat customers. The business is a credit to its current owner and offers tremendous scope and opportunity to a new owner and as such early viewing is highly recommended.


Financial Profile

Turnover: 265,000pa
Gross profit: 132,500pa


Tenure

Leasehold
Original length: 10 years
Rent: 7,500pa


Opening Hours

Monday: 7:00am - 5:30pm
Tuesday: 7:00am - 5:30pm
Wednesday: 7:00am - 5:30pm
Thursday: 7:00am - 5:30pm
Friday: 7:00am - 5:30pm
Saturday: 7:00am - 5:00pm
Sunday: 8:00am - 12:00pm


Accommodation

Our client describes the premises as a Tardis. The premises provide ample retail/storage areas in addition to workshop space.

Detached, single storey commercial unit with 6 parking spaces
Well signed and highly visible
Fitted throughout with shelving and display racking to suit trade
Multiple, secure out-buildings for products and storage
Secure open shed (Propane store)
5 x secure sheds for timber and building products storage
CCTV

Key cutting area
Till / serving counter
Wood cutting equipment
Further storage and shelving
Yard area

Nearest stations

  • Newton Aycliffe (0.9 mi)
  • Heighington (1.7 mi)
  • Shildon (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 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

  • Newton Aycliffe (0.9 mi)
  • Heighington (1.7 mi)
  • Shildon (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 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 3605. 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 Meridian Business Sales Ltd, Bolton. 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.

Map data OpenStreetMap contributors.