Hilton Smythe welcomes to the market Colburn New Store. Our client has run the business for the last 28 years and has maintained a high turnover serving the local community.
The business is very well stocked and exceptionally well maintained and derives its income from the sale of convenience items, newspapers, greeting cards cold meats and pies. Approximately 60% of turnover is generated from alcohol and cigarette sales. The business also offers a payzone service and has an ATM machine.
Our client has worked extremely hard in developing the business and maintaining it to its high standard, but due to personal circumstances has taken a step back over recent years and left staff to run the store resulting in a high wages bill making this an ideal family venture to reduce this overhead.
Additionally, the business benefits from an exceptional 3 bedroomed living space with first floor decked veranda overlooking the large garden and further benefits from a double garage.
There is the potential to extend the retail space into the rear storage area adding an additional 200/300 sq ft which lends to the possibility of adding additional stock lines to further increase revenue.
This is an old established profitable business in a fantastic location with potential for further development and offers that rare blend of a great business with superb living accommodation.
TENUREWe are advised Freehold, however we are advised our client would consider leasehold, with a new lease to be negotiated.
HOURSThe business opens 7 days a week.
Monday to Sunday 8.00am - 8.30pm
STAFFThe business is owner managed with the assistance of 1 full time and 3 part time members of staff.
FINANCIAL PROFILEThe business reports a healthy turnover of just over £355,600 per annum with reported gross profit at just under £71,000.
The business is located in Catterick Garrison in North Yorkshire.
The Garrison consists of several barracks around which a town has developed. The business is situated on Colburn Lane amongst a heavily populated residential area.
The area is renowned for being the largest British Army garrison in Europe with a population of around £12,000, and the approximate population of Colburn being around 4,000 with an additional 200 housing development currently being built.
The area has excellent road links with the A6136 running through the town and leading to the A1 and national motorway network beyond.
This large detached brick built property briefly comprises:-
Deceptively large retails sales area, purpose fitted to suit trade and briefly comprising, display counter, 3 electric tills, upright drinks chiller, paypoint, ATM machine, refrigerated serve over meat/pie counter, 5 chest glass top display freezers, 1 double door upright dairy chiller, 3 upright beer/wine display chillers, 3 card display racks, small kitchenette and toilets.
Large stock room to rear of shop which could be utilised for additional retail space.
Through to the double garage.
To the first floor is the self contained owner's accommodation with separate access recently refurbished with modern decor throughout and briefly comprising, wide staircase leading to attractive lounge with laminated floor covering and patio doors leading out onto the spacious decked veranda running the full length of the back of house overlooking the mature garden.
Spacious fully fitted modern kitchen with laminated floor covering and dining room. Master double bedroom with fully fitted wardrobes and 2 further double bedrooms. Large modern bathroom with partly tiled walls, separate modern shower cubicle, bath, toilet and wash basin.
Externally to the front is a forecourt for parking with additional on street parking in the vicinity.