Busy Supermarket in County Durham For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, Co. Durham.

Turnover £ 20,000
Price £250,000

Features

Well Presented Convenience Stores with off Licence

DOUBLE FRONTED PREMISES in the region of 4,000 ft² WITH ELECTRIC SHUTTERS, wood strip floor, suspended ceiling with LED lights, Air conditioning with hot air, sales counter, EPOS till, open cool display units, drinks display fridges (glass fronted upright double-door), ice cream freezer, CCTV system (10 cameras, 1 monitor).

Stock room.
Cold Storage.
Kitchen.
Office.
Pantry.


First Floor in the region of 1,200 ft²

Toilet with w.c. and wash hand basin.

4-5 Rooms in our opinion with potential to convert in to accommodation, subject to planning

Turnover

WE ARE INFORMED by the owner the turnover currently averages £20,000 p.w. with a Gross profit of 30% approx. Wholesale newsbill £700 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY / SCRATCH CARDS £150 per week approx.

Staff

The business is at present operated by 5 full time & 3 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 7am - 11pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE under lease from the Co-op granted for 16 years in 2011 with reviews every 4 years (next review 2027) at a current rent of £23,400 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS OFFERS OVER £250,000 plus STOCK AT VALUATION (£80,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote