Convenience Stores for sale in Rowlands Gill

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Established Convenience Store with 4 Bed Accommodation

Rowlands Gill, Tyne and Wear, England

  • Freehold Price: £320,000
  • Turnover: £388,000
Seller Reference: B05410
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: B05410
Request Details
Business Description
Business
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a freehold  basis) an exceptionally well run and performing, “turn key “convenience store with Post Office services along with a spacious 4 bedroom owners accommodation, that has built up an excellent reputation along with a strong and consistent brand.

The business has only now come to the open market as it’s our clients desire to take well-earned retirement after many successful years of trading.

The business has been under the careful and meticulous ownership of our client for the last 25 years and who have grown the business year on year to an impressive level of turnover.

Highfield Store & Post Office offers a wide variety of goods & services to the local community, with its convenience store that sells a range of everyday items along with newspapers, magazines, lottery, paypoint services and benefits from offering full post office services within the shop.

There is scope to increase turnover with additional stock/services as the current owner only operates from half of the store, leaving massive scope to extend the current business along with extended opening hours and expanding some of the retail lines currently stocked

This is an outstanding turn-key business which offers a new owner the opportunity to take this already thriving business to the next level. Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointmen.

Location
The business is ideally situated on Smailes Lane within the popular village of Rowlands Gill.

The business is located on the busy B6315, which is one of the main roads running through the village, therefore generating a lot of footfall and passing trade. The convenience store/Post Office is surrounded by mainly residential properties, from which the business derives much of its trade.

Rowlands Gill is located between Winlanton Mill and Hamsterley Mill, on the north bank of the River Derwent. Amenities within the town include a four doctor GP surgery, a bank and a library. Rowlands Gill also has a primary school, which was rebuilt in 2007 after the amalgamation of the previously separate infant and junior schools & further benefits from good public transport  with the area being well served by the A-roads, with the A694 being within easy driving distance of the business, which links to the extensive A-road and motorway networks. Gateshead is approximately 10 miles away and Sunderland is 20 miles away.


Premises
Convenience Store
The business occupies a newly refurbished retail premises and benefits from premium branding to the exterior.


The main store is fitted to a very modern standard and is bright, clean and benefits from large centre display units running almost the full length of the shop, to compliment the perimeter shelving and racking display units, and a good selection of fully fitted refrigeration units.

To the rear of the premises there is an office / staff rest room / store area.

Post Office
The Post Office operating is located within the store to the right hand side at the rear with the counter / office area having a separate, secure entrance, with customers being served via a traditional counter set up.


The premises also benefit from CCTV and a security and alarm system.

The business is well signed and easily visible.

The current owner is only using half of the retail space within the premises, leaving huge scope to increase the current business or the possible introduction of a new business to complement the existing operation.

Owners Private 4 Bedroom Accommodation
The owner’s accommodation has undergone an extensive programme of refurbishment in recent years & can be found in great condition.


Accessed via private courtyard located to the rear of the building, and comprising:


  • Bright & Spacious lounge

  • Modern Fitted Kitchen

  • Family Bathroom

  • 4 Good Sized Bedrooms on the upper floor

  • Ample Storage

  • Gas Central Heating

  • Double Glazing

  • Garden Area to Rear

  • Possible Off-Street Parking


 

 

 

 

 

Tenure
We are advised Tenure is offered on a Freehold basis

Hours
Monday – Saturday 0730 – 2100
Sunday - 0730 - 1300


Post Office Hours
Monday – Friday 0900 – 1730
Saturday – 0900 - 1300


Staff
The business is run & managed by the current owner & 3 staff members.

Financial Profile
The business reported a turnover of £364,000 not including Post Office commission @ £36,000 for the last financial year, no accounts were seen at the time of booking
Accounts will be made available to interested parties along with an inventory of assets


Tenure:
Freehold
Listed by:
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