3 bedroom convenience store for sale

Reeth, DL11

0 sq. ft. | £365,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

LONG ESTABLISHED GIFT SHOP/CONVENIENCE STORE WITH 3 BEDROOM OWNER ACCOMMODATION – NORTH YORKSHIRE
Long established and highly reputed business
Scope to rent out 3 bedroom accommodation
Situated in the desirable village of Reeth
Advised annual turnover of £260,000
Fantastic views surrounded
Genuine reason for sale
Walk in condition
FREEHOLD


Location
The gift shop is situated in the heart of the village of Reeth which is in Swaledale in the county of Richmond, North Yorkshire. Reeth is a historic village with a protected village green, a fantastic array of shops. Pubs, eateries, educational facilities and many more making it a thriving community. The village is only 8 miles to the market town of Leyburn and is less than 30 minutes from the A1 at Richmond. The business enjoys the prominent position of Reeth as its home to a range of quaint walks including; Wainwright’s Coast to Coast Walk, the Inn Way and many more.

Business History
Meridian Business Sales are delighted to offer this superb gift shop/convenience store to the market which our client has only put for sale due to personal reasons.

The business was established 100+ years ago and has been in our clients careful hands since 2010, and ever since has gained a fantastic reputation within the community. Our client has devoted her full dedication into the business allowing it to keep the regular custom. The premise has four floors and has stunning modern décor throughout along with having all of the required health and safety measures. The first and second floor consists of living accommodation, this is currently used for the owners’ living however scope to increase trade from renting the bedrooms to prospective tenants. The rooms are perfect for living due to the rooms being fully fitted with the essential fixtures and fittings along with having beautiful views of the surrounding village.

The excellent village shop sells a range of items perfect for the community including; newspapers, alcohol and various beverages, convenience goods, ice creams, freshly made sandwiches and many more.

Due to the exceptional stock and services provided, the business generates a respectable annual turnover of £260,000 with a gross profit margin of 24%.

There is massive scope to expand the business if desired even though the business generates a regular trade; it could expand by introducing more stock. The catering/food side of the business could be further developed by utilising the ice cream making equipment in the catering area, or using the first floor sitting room as dining area for customers.

This is a tremendous opportunity to purchase an established business which is a great base to build upon, and as such early viewing is strongly advised as this brilliant business is not to be missed.

Financial Profile
Turnover: £260,000pa
Gross Profit: 24%
Stock Approximately: £12,000 - £15,000

Tenure
We are advised freehold

Opening Hours
Monday: 7:30am – 5:30pm
Tuesday: 7:30am – 5:30pm
Wednesday: 7:30am – 5:30pm
Thursday: 7:30am – 5:30pm
Friday: 7:30am – 5:30pm
Saturday: 7:30am – 5:30pm
Sunday: 7:30am – 5:30pm

Accommodation
Well presented and well signed 3 storey property, briefly comprising:

LOWER GROUND FLOOR
Cool storage area

GROUND FLOOR
Secure entrance leading to:

Well laid out shop
Wooden counter unit
Various shelving
2x ice cream display freezers
Display fridge
Large display windows to the front with views over to the cobbles and village green
Fully fitted and equipped kitchenette area
Stainless steel sink

Steps leading to:
Excellent space for catering or storage
Double stainless steel sink
Range of fridges/freezers
Ice cream making equipments
Ample preparation space

FIRST FLOOR
Spacious lounge
Fireplace with electric fire
TV
Alcove with shelving
Bay window to the front
Brilliant views over Reeth village green and towards Fremington Edge and Lower Swaledale

Fully fitted large double bedroom
Bathroom with corner bath with jets and shower over, basin in vanity unit, radiator, heated towel rail
Dining kitchen
Range of wood wall and base units
Stainless steel 1 ½ bow; single drainer sink
Electric cooker
Electric hob
Washing machine and dishwasher
Space for fridge/freezer
Dining area

SECOND FLOOR
Fully fitted double bedroom
Window to the front with stunning views

Fully fitted double bedroom
Wash basin
Window to the front and rear with fantastic views

EXTERNAL
Front – cobbled area to the front, previously used to provide seating area for the shop
Side – archway to the side of the property leading to the side entrance for the property, bin storage and oil tank

Nearest station

  • Leyburn (7.5 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 station

  • Leyburn (7.5 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.

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