An excellent opportunity to purchase a large 2 bedroom freehold property and convenience store & off-licence. The building comprises of a convenience store business on the ground floor with stockroom and separate access to the property at the rear of the building.
A very well established small convenience & off licence within a prime location in a well populated residential area. A regular customer base and a popular choice with local customers,the shop is currently closed but generated a £6-7,500 per week before closure. The shop is situated close to a main road and local amenities with no direct competition.
The business benefits from National Lottery, paypoint, parcel delivery and an internal cash machine. A modern refit including high standard shelving units, 2 x 3.76m chillers and a 1.5m freezer along with EPOS till system and CCTV. There are currently no contracted employees.
There is much passing trade with free car parking outside the shop and a school within close proximity. The shop is owner run with three part time staff members employed. The profitability of the business could be further improved through increasing the shop floor size and introducing longer opening hours.
The property comprises of ground floor with front entrance to the side of the shop leading through to the living room, kitchen & bathroom downstairs. A stairway to the right leads up to the first floor and through to the master bedroom at the front of the house and the second bedroom to the rear of the house. The downstairs kitchen leads through to a driveway and a garage unit with gate leading to the large back garden area. The property is finished to a good standard with brand new full central heating fitted December 2018, double glazing and carpeted floors throughout. The roof was newly refitted and tiled 3 years ago.
Trading Area 51.4m² (553.06f²)
Stockroom 16m² (64.6f²) with rear access
Living Room 37m² (64.56f²)
Kitchen 11.5m² (123.74f²)
Bathroom 6m² (64.6f²)
1st Bedroom 30 m² (322.8f²)
2nd Bedroom 18m² (193.68f²)
Business Council Rates
Current rateable value £1,375 *
(Business rates relief available please see below *)
* (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: https://www.gov.uk/apply-for-business-rate-relief
Business Rent Annual
Fixtures & Fittings Estimated Value
Annual Net Profit
Available on Request
Gross Profit Margin
Available on Request
The premises has a licence to sell alcohol
Current lease will be surrendered on completion of sale
Stock Value Estimated
Monday – Friday 5:30 am – 8:00 pmSaturday 5:30am – 8:00pmSunday 5:30am – 8:00pm
Number of employees:
3 part time non contracted staff
Is accommodation included?:
No Direct Competition
Situated in a densely populated area in the heart of a residential area within a suburb of Hartlepool. The location benefits from nearby schools and ample parking directly outside of the shop.