Convenience Store for sale

Front Street, DH7

Guide Price £515,000

Property Description

Commercial information

  • Business for sale

Key features

  • Highly profitable convenience Store
  • Annual turnover in excess of 1 million
  • Busy main road location
  • Long established business

Full description

Tenure: Freehold

DESCRIPTION
We are pleased to introduce to the market this Spar on Front Street in Durham, which has been under the very caring ownership of our client since 1990 and has been owned by the family for over 45 years. The business is located on a busy main road which runs through the village of Langley Park.

The business trades with a high turnover of over 1 million which is derived from a selection of general grocery and convenience items including confectionary, food, juice, crisps and bread etc as well as cigarettes and alcohol sales. Additional revenue is generated through Lotto ticket sales and scratch cards and the business benefits from Paypoint. Spar also offers a selection of hot and cold snacks/lunches from the deli counter which are made to order.

Spar is well supported locally and relied upon by local residents but also benefits from passing trade due to its prime main road location. This is an excellent opportunity to purchase an easily managed business with exceptionally high turnover.

WEEKLY SALES
Currently shop sales average 23-25k approximately.

LOTTO
Weekly lottery sales approximate to 2,500.

OTHER
PayPoint - 5,000 per week on average.

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday - Sunday 06:00 - 22:00

STAFF
Managed by the owner with part time staff.

PROPERTY
The business premises occupy a traditional end terraced building of stone appearance and the property benefits from almost full length bright display windows which offer ample advertising/display opportunity.

TRADING AREAS
Fitted and presented to a high standard, the shop floor occupies the entire ground floor of the property. Arranged with a functional service counter located at the front of the shop floor with alcohol displayed behind it and the lotto station / scratch cards on display.

Free standing and fixed shelving units have been arranged along with waist high freezer units to create 4 shopping aisles and stock a large range of goods.

Towards the very rear of the shop is a deli counter offering a selection of cooked meats and hot and cold food and snacks made to order. Also towards the rear are staff WC facilities and storage space.

The upper floor of the premises offers excellent space for storage and an office. It should be noted that the upper floor of the property could easily be converted into letting/residential accommodation with minimal work.

RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners/management available at present, but the property has potential with a little renovation.

SUMMARY
Excellent opportunity to purchase a hugely successful business with high turnover which trades with a great reputation and reliable customer base. Potential to increase turnover by introducing new retail lines or utilise living space above premises.

More information from this agent

Nearest stations

  • Durham (3.8 mi)
  • Chester-le-Street (5.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 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

  • Durham (3.8 mi)
  • Chester-le-Street (5.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 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 43584. 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 ALTIUS GROUP LIMITED, Kings. 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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