Hilton Smythe is delighted to welcome to the market this well-established convenience store and Post Office business in the village of High Spen, near Rowlands Gill, Tyne & Wear. The business was established by our client in 1992 and is only now being offered to the market due to our clients desire for a well-deserved retirement. The business operates 7 days per week and generates a turnover in the region of £425,000, with a gross profit of approximately 22% as per 2015 accounts.
Our client offers a wide variety of goods including general convenience items, newspapers and magazines, Post Office services, alcohol and Paypoint facilities. The business also benefits from a lottery terminal, which boosts the turnover, as well as an internal ATM machine. The shop is fitted out to a very high standard and is well maintained throughout.
The property benefits from a one bedroom flat to the first floor, which could be used for owner’s accommodation or let out to generate further income. The business has built up an excellent reputation within the area for the friendly service and high quality of the goods offered, which has resulted in a loyal client base with a high volume of repeat trade and word of mouth referrals.
We feel there is scope to increase the turnover by introducing newspaper delivery rounds within the area. A new owner could also hold a small marketing campaign to promote the business and goods offered.
This is an excellent opportunity for a new owner to take this already profitable business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
Sunlea Stores occupies large two storey premises, ideally located within the village of High Spen, near Rowlands Gill, Tyne & Wear. The business is located on the busy B6315 Hookergate Lane, which is one of the main roads running through the village, therefore generating a lot of footfall and passing trade. The convenience store/Post Office is surrounded by mainly residential properties, from which the business derives much of its trade.
Rowlands Gill is located between Winlanton Mill and Hamsterley Mill, on the north bank of the River Derwent. Amenities within the town include a four doctor GP surgery, a bank and a library. Rowlands Gill also has a primary school, which was rebuilt in 2007 after the amalgamation of the previously separate infant and junior schools.
The area is served by the public transport system, with bus stops within walking distance of the property. The nearest railway station is approximately 5½ miles away in Blaydon. The area is also well served by the A-roads, with the A694 being within easy driving distance of the property, which links to the extensive A-road and motorway networks. Gateshead is approximately 10 miles away and Sunderland is 20 miles away.
Two storey premises in a prime trading location, briefly comprising:
Ground floor with:
Main sales and display area with:
Post Office counter.
Newspaper/magazine display area.
Greeting card display.
Central display shelving.
Alcohol display area.
Serve over counter with electronic cash register, scratch card display, credit/debit card facilities, Lottery terminal and PayPoint faclilties.
3 x large refrigerators.
4 x freezers.
2 x drinks refrigerators.
Fixtures and fittings.
To the rear:
Several store rooms
First floor with:
Bathroom with a gas shower.
Laminate flooring throughout.
Car park with disabled parking.
Garage with shutters to rear.
We are advised Freehold.
The business is open:
Monday - Sunday: 6.30am - 9.30pm
The business is owner run and managed with 4 x staff members.
The business generates a turnover in the region of £425,000, with a gross profit of approximately 22% as per 2015 accounts.
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