Retail Property (high street) for sale

Linthorpe Road, Middlesbrough, Cleveland, TS5

109 sq. m. | £58,000

Property Description

Commercial information

  • Business for sale
  • 1,173 sq ft (109 sq m)
  • Use class orders: A1 Shops

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe is delighted to welcome to the market Village Wines. Our client first took over this successful store in 2010. This is a popular business that can be highly profitable. The owner is now looking to sell the business due to other business interests.

The business offers a range of alcohol from world wines, lager, ales, ciders, spirits and alcopops. They also sell some confectionary and soft drinks. The store serves a generous amount of repeat loyal trade and sees a high amount of custom from passing trade.

The business generates a healthy turnover of around 328,000 per annum with a gross profit of 16%. We feel the business could benefit from Lottery sales. The Lottery is always a great way of boosting turnover.

The new owner could look in to the option of offering deliveries. The store does have a 24 hour licence which could be utilised more to stand out from any competitors. This area has dense housing which the store could provide the deliveries to. Deliveries and opening later hours should maximise sales.

Our client has run the business to a high standard over the years. This store really is a turnkey opportunity; and would be perfect for any purchaser looking for this type of business in a busy main road location. The store comes fully equipped and also has a walk in safe.

The business requires a new owner with experience who can take this already thriving store to the next level.

Hilton Smythe highly advise early viewing to take in the full quality of this store.

LOCATION
Village Wines is located in Middlesbrough, North Yorkshire.

The business is situated on an arterial road through the Linthorpe village area of Middlesbrough. This is a popular location in the town due to the high amount of retail stores. On this road there is a convenience store, Greggs, pub, florist, hair salon, pharmacy, Co-op and much more. Directly outside the premise are parking bays for custom. To the side of the row of shops is further free on street parking.

The road on which the business is located runs directly from Middlesbrough to the A174. Middlesbrough centre is just a short 10 minute walk away making this a great location for heavy footfall. This area also benefits from public transport. There is a bus stop directly outside the business and a train station close by.

PREMISES
The business boasts a substantial sized double fronted premise that is located on a busy high street. The front of the store looks presentable with the black and silver sign. The large display windows allow for a bright retail space.

The main retail area is spacious and open plan. There is shelving around the perimeter of the store which are fully stocked. All stock has a place making this a tidy looking store. The counter is to the rear of the premise; from here is a clear view of all the shop.

Equipment includes-
7 Drinks chillers
1 Fridge unit
Ice cream freezer
EPOS till
Small safe
Walk in safe
Fixtures and fittings
Cigarette gantry
Racking and shelving

Through to the rear is a large stock room which is complete with shelving. There is also an office, walk in safe, kitchen, toilet and access to the yard at the back of the premise. In the yard is an outside storage unit/warehouse.

The premise is secured with remote access CCTV with 8 cameras, roller shutters and an alarm.

TENURE
We are advised the business is Leasehold.
Original lease length: 12 years
Left on the lease as of April 2016: 6 years
Rent: 19,000 per annum

HOURS
The business is open-

Monday - Saturday: 10am - 11pm
Sunday: 1pm - 11pm

STAFF
The business is run and managed by our client with the help of 3 members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of 390,000 per annum.
With a gross profit of around 20%

Nearest stations

  • Middlesbrough (1.3 mi)
  • Marton (2.2 mi)
  • Thornaby (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 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

  • Middlesbrough (1.3 mi)
  • Marton (2.2 mi)
  • Thornaby (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 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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