WT £16 ,500, PP £5,000, Lotto £3,500
Impressive Trading Location
Run With Staff
EPC Rating - E
This outstanding Bargain Booze Plus is situated on the main road running through the town of Consett. Consett is a town in the northwest of County Durham, England, about 14 miles (23 km) southwest of Newcastle upon Tyne. It is home to a sizeable population, 27,394 people according to the 2001 census.
Consett sits high on the edge of the Pennines. The town is perched on the steep eastern bank of the River Derwent and owes its origins to industrial development arising from lead mining in the area together with the development of the steel industry in the Derwent Valley. It is said to have been initiated by immigrant German cutlers and sword-makers from Solingen, who settled in the village of Shotley Bridge during the seventeenth century.
The immediate area therefore, is predominantly commercial offering banks, clothes shops, eateries and other retail outlets.
This shop operates with the Bargain Booze Plus banner, the “Plus” denoting that the shop operates as a convenience store rather than the normal association with Bargain Booze of Off Licence only sales.
Sales are a robust £16,000+ achieved with a healthy gross profit of approx 19%. Pay point and lottery sales are over and above this; as the shop operates from a relatively small area for the turn over, this demonstrates the efficiency of the shop. There is also news bill of £600 at cost. Fixtures and fittings follow a corporate design and allow for easy operation of the store.
Currently the store is run under management so for a corporate purchaser, this ensures that the infrastructure is there to ensure a smooth transition in ownership. For an owner/operator, the reduction in staffing their acquisition would bring, ensures that already healthy profits would rise further still.Fixtures:
The shops retail areas are extremely well presented with an off licence section accounting for approx one third of the retail area with the convenience items stacked on wall mounted shelves and in chiller units. A 2 point sales counter faces the entrance door ensuring easy operation of the business.
Tenure: Freehold, Leasehold
Above the retail area is an office suite, currently used by the owners as an administration office and staff area. To the rear of the shop are separate store rooms.
Location Details: Consett
Leasehold Term: Rent: £245 pw
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