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2 bedroom convenience store for sale

74 Wear Road, Stanley, County Durham, DH9

Leasehold 164 sq. m. | £150,000

Property Description

Commercial information

  • Business for sale
  • 1,765 sq ft (164 sq m)

Key features

  • REF: 2556
  • Freehold 440,000+SAV

Full description

Tenure: Leasehold

Macs Off Licence is located in the former colliery town of Stanley in County Durham.

The business occupies a prominent corner position within a densely populated residential area from which the business derives much of its trade. The business benefits from free parking to the front and is unopposed being situated just outside the town centre.

Stanley is easily accessible from the A693 which connects to the A1 and motorway network beyond, with regular bus services running throughout the day. Conveniently there is a bus stop directly opposite the business.

Hilton Smythe welcomes to the market Macs Off Licence (Premiere). This popular business started trading in the 1980's with our client successfully running and managing the business since 2009.

The business reports a healthy turnover of 936,000 per annum with a good gross profit. Macs Off Licence is well stocked with a diverse range of products including a good selection of alcohol, soft drinks, confectionary, chilled foods, frozen foods, newspapers and magazines, grocery items and everyday essentials. The business also has lottery and Paypoint terminals.

To the rear of the store are several storage areas which could be converted into additional retail space if required to introduce further product lines. A new owner could also introduce newspaper delivery rounds or extend opening hours to further trade.

In addition there is a generous 3 bedroom owner's living accommodation, ideal as either other accommodation or let out to generate further income.

This is a long established unopposed business opportunity and early viewing comes highly recommended.

Prominent corner position with vibrant signage (Premier branded), briefly comprising:-

Substantial retail area with wall shelving and centre displays, till area with cigarette display, lottery machine, cash machine, 4 chillers, 2 freezers display racks, tea and coffee machine and EPOS till.

To the rear of shop are several large storage areas

Owners accommodation briefly comprising:-
Living room and kitchen

First floor
3 x double bedrooms

Well signed and presented, 16 CCTV cameras throughout, front and side shutters, monitored alarm

Our client owns the freehold, and is offering the business on a leasehold arrangement with a new lease to be negotiated.

The business opens:-
Monday to Saturday 7.00am - 9.00pm
Sunday 8.00am - 8.00pm

The business is owner run and managed with the assistance of 2 part time members of staff.

The business reports a healthy turnover of 936,000 per annum with a good gross profit.

Map & Street View

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