HIGHLY DESIRABLE VOLUME C.T.N WITH SUB POST OFFICE - CO DURHAM COASTAL TOWN

Price:

Freehold - £299,500

Turnover:

Seller Ref:

S30206NE

Location:

Durham

Business Type:

Retail businesses

See Other:

Post offices for sale in Durham
Newsagents for sale in Durham
Confectioners for sale in Durham
Retail businesses for sale in Durham

Description:

THE BUSINESS:

First sale for several years. Superbly presented business with £12.000 per week turnover. 2010 annual turnover net of VAT £490.000 plus. Net Profit around £70.000 after allowing for wage bill of £60.000. Business shows consistent performance and enjoys strong newsbill of £3.500 per week. Strong delivered business. Post Office Salary £45.000 per annum plus. Will increase when Lottery is introduced in Spring 2012.

Smart well fitted shop in district shopping centre serving very substantial catchment area. Sales area 638 sq. ft. with scope to extend out to rear of shop.

Quality equipment and well laid out. Scope for other product areas. Business is well known as a destination newsagent for large catchment area.

Self contained flat above with 3 double bedrooms. Pleasant lounge and modern kitchen. Shopping centre has good parking and is close to popular and pleasant housing.

THIS IS A TOP QUALITY BUSINESS IDEAL FOR A MULTIPLE OR PRIVATE OWNER. Finance can be arranged. Freehold Price offers around £299.500 + S.A.V.

Trading Hours:

Monday to Saturday 5 am to 5.30 pm. Sunday 5 am to 1 pm.

Accommodation:

Yes