Convenience Stores for sale in Washington

View the "Convenience Store & Off Licence in Donwell Village Centre, Washington" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Convenience Store & Off Licence in Donwell Village Centre, Washington

Washington, Tyne and Wear, England

  • Leasehold Price: £19,995  Price Reduced arrow_drop_down
  • Annual Turnover: £260,000
  • Annual Net Profit: £20,000
Seller Reference: 5738
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Business Description
 
 
 
 
 
 
 
 
 
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Seller Reference: 5738
Request Details
Business Description
We offer for sale a convenience store & off licence business within a popular shopping centre in Washington, Tyne & Wear situated close to local amenities with no direct competition nearby.

Business

The business is located in Washington Village Centre and is situated just off the main road next to a local pub within a dense residential and with ample parking to the rear of the shop. Located close to local amenities there is a local pub, school, park and Inn within walking distance.

The shop has a sizeable open plan trading area with modern fixtures and fittings throughout including a 2 x 3.75 m chillers, 2 x 2 m chest freezers. Typical features include lottery, Paypoint, CCTV and rear delivery access. Increasing product lines and dedicating more hours to the shop could generate an increase in weekly sales. There is sufficient trading area that could accommodate more versatility offering potential to further developed the business. Ancillary areas comprise of two similar sized stockrooms and comes with a washing area that could be used as a kitchen complete with two W.C. units

Lease currently has 1 year remaining and is renewable with a 10 year term.

Shop Dimensions

Trading Area: 84 m² (904 ft²)
Stockroom Area: 21.3 m² (229 ft²)

Weekly Sales
£5,000

Business Annual Rent
£11,000

Business Rates
Current rateable value £6,500
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£15,000

Accounts Available
2 years

Annual Net Profit
£20,000

Gross Profit Margin
20 %

* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) Click here for more information

Premises Licence
The premises has a licence to sell alcohol

Lease Terms
Renewable

Employees
1 non contracted member of staff

Commissions on Services
Available on Request

Stock Value Estimated
£10,000

Key Features
• No direct competition

• Located in a popular residential area

• Fully fitted business

• Car parking to the rear of the shop

• Opportunity to develop business
Trading hours:
Monday – Thursday 7:00 am – 10:00 pm Friday – Saturday 7:00 am – 11:00 pm Sunday 8:00 am – 9:00 pm
Number of employees:
1
Tenure:
Leasehold
Location Details:
The business is located in Donwell Village Centre in Washington just off the main road and close to local amenities and local pub with car parking outside. The shop benefits from being central to the surrounding popular residential area.
Leasehold Term:
Expiration 01/10/2020 renewable with a 10 year term
Listed by:
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