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Tuesday 17th of Jan 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£59,995

Spennymoor Convenience Store

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Reference5361 / RightBiz
Status
FOR SALE
Advert ID185730
LocationSpennymoor, County Durham
SectorConvenience Stores
TenureLeasehold
Leasehold Price£59,995
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Tremendous Scope To Increase Sales
Weekly Takings £5,000
Excellent Village Location
Strong Gross Profits of 25%
2 Self Contained Flats
EPC - C

Description:

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

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. nn

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. nn

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. nn

The business owner operates the business fulltime 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. nn

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. nn

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.nn

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
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The data showed regarding this advert 'Spennymoor Convenience Store - 5361 / RightBiz' comprises as a business advertisement. RightBiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall RightBiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.