2 bedroom convenience store for saleVictoria Place, Sunderland, Tyne And Wear, SR4
55 sq. ft.
- Business for sale
- 55 sq ft (5 sq m)
- REF: 12649 A
- LEASEHOLD OPTION AVAILABLE £29,950 + SAV
Leasehold option available £29,950 + SAV.
Hilton Smythe is delighted to welcome to the market this well-established and very busy newsagent and convenience store business, which is ideally located in Sunderland, Tyne and Wear.
The business was originally established in the 1980s and has been in our client's careful ownership since 2009. Only now is the business being offered to the market due to our client's other interests overseas. The business currently operates 7 days per week and generates a turnover in the region of £270,000 per annum, with a gross profit of approximately 22%.
Our client offers a wide variety of goods including newspapers and magazines, general convenience items, dairy products, greeting cards, confectionery, snacks, alcohol and tobacco products, to name a few. The property boasts 55 sq. metres of floor space, is very well maintained and fitted out to suit the trade.
The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by offering newspaper delivery rounds within the area. A new owner could also embark on a modest marketing campaign to promote the goods and services offered.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
Newsline occupies substantial two storey premises, ideally located within the city of Sunderland in Tyne and Wear. The business is situated on St Mark's Road, just off the very busy Chester Road, therefore benefiting from a very high volume of footfall and passing trade. The property is surrounded by densely populated residential properties, from which the business derives much of its trade. The business further benefits from good on street parking facilities to the front of the premises.
Sunderland is a bustling city set on the coast and at the mouth of the River Wear. It boasts sandy beaches and acres of green spaces. The city offers outstanding sporting attractions and family friendly events and festivals. Since the mid-1980s, Sunderland has undergone massive regeneration, particularly around the central business district and the river corridor.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Sunderland railway station is approximately 1½ miles away. The area is also well served by the A-roads, with the A690, A1231 and A183 all being within easy driving distance, which link to the national A-road and motorway networks. South Shields is approximately 9 miles away and Newcastle is 14 miles away.
Substantial two storey premises in an ideal trading location, briefly comprising:
Main entrance from street.
Open plan retail area.
Serve over counter with electronic cash register, confectionery displays, rear tobacco gantry and shelving for spirits.
Drink chiller units.
Ice cream freezer.
Greeting card display units.
Newspaper and magazine display.
Display aisles throughout the shop.
2 x rear stock rooms.
Access to rear yard with roller shutter doors.
Long living room.
The owner's accommodation can be accessed from a separate door from the street.
The property is fully alarmed and has CCTV.
We are advised Freehold.
A leasehold option is available at £29,950 + SAV.
10 Year lease available.
Rent: £800 per month.
The business is open:
Monday - Sunday: 8.00am - 10.00pm
The business is family run.
The business generates a turnover in the region of £270,000 per annum, with a gross profit of approximately 22%.
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