Convenience Stores for sale in Durham

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Mr & Mrs Campbell (Jan 2015)
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Leasehold Price: £119,950 Annual Turnover: £520,000 Annual Net Profit: £15
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Business Description

Intelligent Business Transfer are delighted to bring this efficient and well visited convenience and off licence business in County Durham to the market and expect a tangible amount of interest. The business is very well stocked overall for an off licence and offers a full range of produce that is favoured on by its surrounding population, which has a large build-up of commuting residents.

The business holds a monopoly position within its local market place and sits on a wide road on the edge of a large and popular estate of terraced houses. The business has been standing in its current position for over a decade and is very well known and relied upon locally.

There is huge potential for development in the services area for the business. The large lock up unit is large enough to facilitate a greater stock holding as well as complimenting services for retail. Areas for immediate growth could be increased newspaper sales, Paypoint and Lotto. This would increase turnover further.

The business is in a profitable position and has average weekly takings of £12,000. This produces a tangible net profit and a strong standard of living with the benefit of a seven bedroom flat that is to be negotiated as an addition. This rare opportunity is being brought to the market due the family owners’ plans for retirement from a successful period in the industry.
Tenure: Leasehold

Listed by: Intelligent Business Transfer
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