Shop for sale

Milbank News, 37 Pierremont Crescent, Darlington, England, DL3 9PB

£325,000

Property Description

Commercial information

  • Business for sale

Key features

  • Adjusted net profit c. 66,500
  • Four bedroom house, sought after area
  • Average weekly news bill c. 3,000
  • Excellent husband and wife business
  • Owners take regular holidays, staff cover
  • Off licence with Lottery. Energy Rating D

Full description

Tenure: Freehold

Description

Our husband and wife vendors have run the business for a number of years and are now looking to retire. They run the business to suit their lifestyle and take over 20 days holiday a year each. Experienced staff cover the business in their absence. This is a traditional newsagents offering home deliveries of newspapers. A new owner may wish to extend the opening hours to build the business further into the convenience and off licence route.

Location

Milbank news is situated on Pierremont Crescent, in a sought after part of Darlington located to the north east of the town centre.

Internal Details

The retail area includes; • chillers for soft drinks and alcohol • National Lottery stand • newspaper and magazine display • online Lottery terminal, Payzone terminal • sales counter with two cash registers • free to use internal ATM • greeting cards and stationery section • bake off oven with glazed serve over counter. There is a store room and secure office.

External Details

There is a low maintenance garden area and double garage.

Owner's Accommodation

The owner’s accommodation can be accessed through the shop or a private entrance. There is a hallway with stairs leading to the first floor accommodation which comprises;
• a living room • a spacious, modern dining kitchen • a rear hall with utility room and separate toilet. The first floor owner’s accommodation comprises; • two double bedrooms • a family bathroom The second floor / attic level owner’s accommodation comprises; • two double bedrooms, one with en-suite facilities • storage cupboard

The Opportunity

Our client has run the business for a number of years and is now looking to retire. This is a traditional newsagents offering home deliveries of newspapers. A new owner may wish to extend the opening hours to build the business further.

Trading Information

Average weekly sales including VAT and newspaper vouchers circa £9,500. Turnover to year ending 31 March 2017 excluding VAT vouchers £383,935. Excellent gross profits for this family run business of £153,442..

Trading Hours

5am to 6pm Monday to Saturday
5am to 1pm Sunday

Business Rates

The Rateable Value is £4,200 for the year commencing April 2010.


More information from this agent

Nearest stations

  • North Road (0.9 mi)
  • Darlington (1.2 mi)
  • Dinsdale (4.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 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

  • North Road (0.9 mi)
  • Darlington (1.2 mi)
  • Dinsdale (4.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 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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