Newly Fitted Convenience Store anf Off Licence in Cleveland For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, Durham.

Turnover £ 11,000
Price £219,000

Features

Newly Fitted Convenience Store with Off Licence

NEWLY FITTED 2025

DOUBLE FRONTED CORNER PREMISES in the region of 1,450 ft² WITH ELECTRIC SHUTTERS, industrial non-slip floor, LED Lights, sales counter, EPOS till, cigarette draw, 4 x drinks display fridge (glass fronted upright triple-door), modern adjustable shelving, CCTV system (16 cameras, 1 monitor).

Stock room.

Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £11,000 p.w. with a Gross profit of 30% approx.

Staff

The business is at present operated by the vendor with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 6am - Midnight

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 21 years in 2025 with reviews every 3 years (next review 2028) at a current rent of £19,000 p.a.

Business Rates from April 2025 £5,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £219,000 plus STOCK AT VALUATION (£80,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 109,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote