Busy Convenience Store in Tyne and Wear For Sale in Houghton-le-Spring- Business 4 Sale .co.uk

Business Summary

Preferred Commercial is pleased to offer for sale this busy convenience store, which has been in our clients' careful hands since 1988 and which is only now offered to the market due to a change in our clients' circumstances. The premises consist of two semi-detached houses converted to one large property and boasts 6-bedroom owners' accommodation along with an open-plan sales area and large rear yard. The business stocks a wide range of convenience items including newspapers, magazines, groceries, alcohol and tobacco and also offers Pay Point facilities and lottery tickets. There is an ATM within the premises, which is owned by the business. Our clients' have established a loyal customer base and, as there are no parking restrictions to the front of the building, draw trade from passing traffic. The business currently trades seven days per week and generates a turnover in the region of £572,000 per annum with a gross profit of 22%. The new owner could, if desired, convert the first floor living accommodation into two self-contained units, which could be rented out to create additional income. We have been advised there is a small parcel of land to the rear of the premises, which could be suitable for a car park and which may be available by separate negotiation. This is an ideal opportunity to acquire a busy convenience store in a good trading position with much potential. Early negotiations with Preferred Commercial are highly recommended.

Property Information

	Property:	Freehold

	Living Accommodation:	Yes

	Details of Accommodation:	Substantial 2-storey property with CCTV. Briefly comprising: Ground Floor • Sales area with shelving and racking to perimeter walls, central shelving, 2 x large open chillers, 3 x chest freezers, ATM, serving counter with cash register and tobacco gantry to rear • Rear storage area with shelving • Office area • Exit door to rear yard First Floor • 6 x bedrooms • 2 x kitchens • 3 x bathrooms External • Rear yard suitable for parking approximately 6 vehicles with roller shutter • Optional separate parcel of land

	Location:	H & B Convenience Store occupies a prime location on the busy high street of Easington Lane, which is close to Houghton-le-Spring, Tyne & Wear. The premises are adjacent to the village centre and there are a number of densely populated residential areas in the vicinity. The business benefits from ample on-street car parking and a bus stop directly outside. Easington Lane enjoys a strong community feel and hosts the annual Miners' Gala in July. The business has easy access to the local road network and junction 62 of the A1(M) is less than 5 miles away. Durham is approximately 6 miles to the southeast and Newcastle upon Tyne is approximately 15 miles to the north.

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

Summary of Business Hours

Mon - Sat: 6.00am to 9.00pm
Sun: 7.00am to 2.00pm & 5.00pm to 9.00pm

Energy Performance Certificate

View Energy Performance Certicate

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