Sold

Well-Established Convenience Store in Billingham, County Durham For Sale

Billingham, County Durham

£79,950

Ref: 2458

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Description

Hilton Smythe is delighted to welcome to the market this well-established and busy convenience store, in a prominent trading location in Billingham, County Durham. The business was established in 1970 and has been in our clients careful ownership since 2002. Only now is the business being offered to the market due to our clients personal reasons. The business operates 6½ days per week and generates a turnover in the region of £210,000 per annum, with a gross profit of approximately 34%. The turnover is generated from the sale of general convenience items, fresh hot and cold food, frozen food, greeting cards, pet food and Pay Point, to name a few, as well as benefitting from having an ATM machine within the store. The business has built up an enviable reputation within the area for the friendly service and goods offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth referrals. We feel the turnover could be increased by extending the range of goods offered, such as newspaper and magazines, the Lottery and alcohol. A new owner could also embark on a small marketing campaign to promote the business and services offered. This is an excellent opportunity for a new owner to take this already popular convenience store to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Tenure

Leasehold

We are advised Leasehold: Rolling lease Rent: 8,000 per annum

Hours

The business is open: Monday - Saturday: 8.30am - 5.30pm Sunday: 9.00am - 1.00pm

Staff

The business is owner run and managed with 4 x part time staff members.

Financial Profile

The business generates a turnover in the region of £210,000 per annum, with a gross profit of approximately 34%.

Location

Grange Stores occupies substantial ground floor corner premises in a prime trading location within the town of Billingham, County Durham. The business is situated within a densely populated residential area, from which the business derives much of its trade. The convenience store benefits from a large free car park to the front of the premises. The business is situated on a busy road; therefore benefitting from a high volume of footfall and passing trade. Billingham is a thriving town County Durham and as of the 2006 census it had a residential population of 35,765. The town is served by three secondary schools and a specialist sports college, as well as a Catholic Academy. The area of the business is well-served by the public transport system, with a bus stop directly outside the property. Billingham railway station is approximately one mile away. The area is also well-served by the A-roads, with both the A689 and A19 being within easy driving distance of the business, which link to the national A-road and motorway networks. Stockton-on-Tees is approximately 5½ miles away and Middlesbrough is 6½ miles away.

Premises

Large corner ground floor property, located within a small shopping area, briefly comprising: Main sales and display area (approximately 1,250 sq. ft.) Serve over counter with electronic cash machine. Shelving to perimeter walls. Central display aisles. Hot and cold food display. ATM machine. Freezers. Refrigerator. Food preparation area to rear of shop with a walk-in refrigerator and store room. 2 x WCs. Office. External with: Prominent signage to front. Large car parking area. 2 x delivery points to rear.

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