Newsagents for sale in Chester Le Street

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CLOSED SHOP High Street Opportunity in Chester-le-Street with reduced rent

Chester Le Street, Durham, England

  • Leasehold Price: £39,950  Price Reduced arrow_drop_down
  • Annual Turnover: £416,000
Seller Reference: 5743
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Business Description
 
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Seller Reference: 5743
Request Details
Business Description
OPEN TO OFFERS

An opportunity to acquire this sizeable retail unit ideally positioned prominently on the high street of Chester-le-Street in County Durham.

The business is temporarily closed due to Covid-19. Potential to reopen as convenience store, newsagent and card shop or for alternative use.

A very well established newsagent and card shop with a loyal customer base on a central high street location in Chester-le-Street . The business has a large sized shop floor trading area of 1,200 sq/ft and lends itself to good potential to expand product range through the introduction of convenience and off licence goods. Lottery commissions are between £1,500 - £2,000 a month and a loyal customer base. . The business is up for sale due to a change in the owners’ circumstances.

Open plan trading area with new fixtures and fittings. Recently a new £7,000 5m open dairy chiller cabinet, new EPOS till system, new shelving, CCTV system and security door have been fitted.

There is the opportunity for a new owner to further develop the business and capitalise on its location and lack of direct competition.

Shop Dimensions

Shop Trading Area: 111.4 m² (1,200 ft²)
Stockroom Area: 23.2² ( 254ft²)

Annual Business Rent
£12,000

Business Rates
Current rateable value £17,000
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£15,000

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
No Premises Licence

Commissions on Services
Approx £20,000 per year

Stock Value Estimated
£20,000

Key Features
• High Street Location

• Open Plan Trading Area

• Well Established Business

• Renewable Lease

• No Premises Licence
Trading hours:
Monday – Saturday 7:30 pm – 5:30 pm Sunday Closed
Number of employees:
4
Tenure:
Leasehold
Location Details:
The business is located on the high street in Chester-le-Street in County Durham. It is 7 miles south of Newcastle-upon-Tyne and 8 miles west of Sunderland.
Leasehold Term:
Lease expiration 27/11/2027 (Renewable)
Listed by:
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