Convenience Store In Excellent Village Location

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Status
FOR SALE
Advert ID
185730
Reference
5361 / RightBiz

Details

    Tremendous Scope To Increase Sales

    Annual Turnover £286,000

    Excellent Village Location

    Strong Gross Profits of 25%

    2 Self Contained Flats with Rental income of £750pcm

    EPC - C

Description:
Blacks Business Brokers are delighted to bring to the market this leasehold convenience store located in Spennymoor, County Durham.

Lifestyle Express has been trading at Attwood Terrace for many years, originally being a post office with the current owner purchasing the business in 2014 and it has successfully been trading as a fully licenced convenience store since that time. Spennymoor is a town in County Durham that is approximately 3 miles south of Durham. The business is only being offered for sale due to the current owner’s plans to relocate and therefore this has created an exceptional opportunity for a new owner to enjoy the business and build upon the turnover and add to the overall profitability.

Externally the business delivers superb kerb appeal with its strong Lifestyle Express signage. The business is effectively triple fronted and has large display windows which help attract customers from passing traffic on Attwood Terrace.

Once inside the building the layout and design of the shop can be fully appreciated. The business benefits from a large sales floor which is presented to a high standard. To the rear of the building is a stock room. To the first floor is living accommodation that has been converted into two flats, 1 x one bedroom and 1 x 3 bedroomed. The flats generate a lucrative secondary income stream that adds to the saleability of the business as a whole and makes this business an exciting opportunity.

The business owner operates the business full time and is supported by 2 additional staff members.
Financially the retail business produces a steady turnover with healthy gross profit margins. The business supports its retail trade with paypoint, payzone, national lottery and a cash machine.

Whilst the business delivers strong trading figures there are a number of ways that a new owner could push the business forward and certainly an introduction of a bake-off area would add a new dimension to the trade. The business would ideally suit a hands-on owner operator who could reintroduce more lines and push the business forward to build on the turnover.

Lifestyle Express is a first class proposition that delivers tremendous scope to increase sales operating within this delightful village location. This proposition also includes a lucrative second income stream with rental yield being produced from the 2 flats above the shop. Blacks Business Brokers advise early viewings as a speedy completion is anticipated.

Accomodation:
Domestic kitchen

Bathroom & stockroom


£400pm from the 3 bed flat

£300pm from the 1 bed flat


Fixtures & Fittings:
Epos Till

Tobacco Cabinet

Gondola Shelving Units

3 Chiller Units

2 Chest Freezers

Shelving Units

CCTV


Opening Hours:
MON - SAT: 07:00 - 21:00
SUN: 08:00 - 21:00


Weekly Rent:
£265 Per Week.
Listing Details
Leasehold Price: £44,950
Tenure: Leasehold
Sector: Convenience Stores
Financials
Annual Turnover: £286,000
Energy Performance Certificate (EPC)
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