Convenience Store for sale

Convenience Store, Woodhorn Road, Ashington, Northumberland, NE63 9EN

Under Offer £85,000

Property Description

Commercial information

  • Business for sale

Key features

  • Average weekly sales of circa 18,500
  • Turnover Y/E 31.3.16 946,755 + VAT & Lottery
  • No group tie-supplied by Booker/ Best Way
  • High street position with free car park
  • Ideal for owner operator or investor
  • Freehold and leasehold options. Energy Rating C

Full description

Tenure: Leasehold

Description

A large, town centre independent, unbranded convenience store supplied by Booker and Bestway. The business benefits from high turnover of c.£18,000 per week plus Lottery and PayPoint.

Location

The property is situated on a secondary high street location in Ashington, Northumberland, with high levels of footfall, passing traffic and good public transport links. There are two free to use, busy car parks behind the property, one of which is specifically for the use of this business.

Internal Details

The trading area consists of specific areas for non food items, off licence section, range of chillers, grocery department with three gondola aisles and end display shelving, promotional areas space. Along one wall are a number of upright freezers, large multi deck open chillers for soft drinks and dairy products. Spacious serving area with three Epos positions, Lottery terminal, PayPoint terminal, tobacco gantry, wall shelving for spirits, modern suspended ceiling and multi camera CCTV system.

Ancillary areas include: spacious storerooms to the rear, staff toilets, staff room and managers office on the first floor.

Tenure Details

Freehold option is available at £1,500,000 for the whole building.

External Details

The store has two entrances, with ramp access from the car park at the rear. There is a covered trolley park area.

Please note that the car park is not included within the asking price, however our client would be open to negotiations with regards to selling the car park at an additional cost.

Other Property

This large property also consists of seven individual units, two currently tenanted, second floor units generating £12,000 rental income and the convenience store generating £20,000 rental income, producing a total rental income of £37,000.

The Opportunity

Our client has carried out major refurbishment works on the property, which included the convenience store in 2011. The freehold is for sale, to include the whole property, including the goodwill of the business. If required a new lease can be created for the sale of the convenience store business alone, at an annual rental of £20,000 with an allowance for the customers of the store to use the car park at the rear. The business could be staff run overseen by a manager, or would suit an owner operator to make cost savings.

Staff

Our client works in the business on a full time basis in a managerial role, with the assistance of three full time and seven part time staff.

Trading Information

Turnover to year end 31 March 2016 was £946,755 plus VAT, producing a gross profit of £169,915 plus Lottery commissions of £7,273, PayPoint commissions of £1,561 and cash machine commissions of £605. Total gross profit was £179,354. The news bill on average is £400 per week.

Current trading information:
We have been advised by our client that weekly sales are £18,000 plus PayPoint of £10,000 per week and Lottery of £3,000 per week.

Trading Hours

The business currently opens:
Monday to Saturday 8am to 10pm
Sunday 10am to 4pm

Opening hours could be extended, especially on Sunday.

Regulatory

Premises licence.

No direct approach is to be made as the staff are unaware of the sale. All contact and viewing requests to be made through Christie & Co.


More information from this agent

Nearest stations

  • Pegswood (3.4 mi)
  • Widdrington (4.5 mi)
  • Morpeth (5.1 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.

Floorplans


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

  • Pegswood (3.4 mi)
  • Widdrington (4.5 mi)
  • Morpeth (5.1 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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