• Annual turnover in excess of £1 million
• Busy main road location
• Long established business
Highly profitable Spar freehold convenience store in prime location in a busy main road position. Turnover for year in excess of £1 million including Lotto Sales and Paypoint. Long Established, family run business. Ref:43584
We are pleased to introduce to the market this Spar on Front Street in Durham, which has been under the very caring ownership of our client since 1990 and has been owned by the family for over 45 years. The business is located on a busy main road which runs through the village of Langley Park.
The business trades with a high turnover of over £1 million which is derived from a selection of general grocery and convenience items including confectionary, food, juice, crisps and bread etc as well as cigarettes and alcohol sales. Additional revenue is generated through Lotto ticket sales and scratch cards and the business benefits from Paypoint. Spar also offers a selection of hot and cold snacks/lunches from the deli counter which are made to order.
Spar is well supported locally and relied upon by local residents but also benefits from passing trade due to its prime main road location. This is an excellent opportunity to purchase an easily managed business with exceptionally high turnover.
Summary. Excellent opportunity to purchase a hugely successful business with high turnover which trades with a great reputation and reliable customer base. Potential to increase turnover by introducing new retail lines or utilise living space above premises.
We are advised that the property is freehold.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
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