Off License & Convenience

FREEHOLD HIGH TURNOVER GENERAL STORE
Vital village general store
Business and property
Established over 100 years
Showing adjusted net profits in excess of £95,000
Annual Turnover £1,036,313
REF 590524. EPC Band B.
Business and Property £595,000
Durham

FREEHOLD HIGH TURNOVER GENERAL STORE in Durham for Sale.

LOCATION – A pleasant and friendly village in County Durham, just five miles west of Durham city, in the semi-rural Deerness Valley.
THE OPPORTUNITY – Owned and operated by our client for the last 40 years and having only changed hands three times in the last 100 years, this general store is a one-stop shop for everything from a can of pop to small gardening implements and electrical goods. The shop does not currently sell alcohol which would obviously be an obvious opportunity for additional revenue. Over £1 million pounds in net sales (excluding VAT) are consistently achieved year on year, with tremendous adjusted net profits in excess of £95,000 per annum.
THE PROPERTY – Surprisingly spacious being two units and extending over two floors. The first floor has potential for living accommodation, but the majority of the bedrooms are currently utilised as stock rooms, office and rest area. There is a kitchenette and WC on this floor. The shop makes good use of every available space and is comprehensively stocked. Banks of upright drinks chillers, frozen food chest freezers and several aisles of convenience goods, plus a greeting cards and stationery stand and a news and magazine stand. Counter with tobacco gantry and Lotto. Rear loading / delivery area and staff WC. Access to the rear of the property through security roller shutter doors and secure steel gate. As well as goods storage, there is plenty of room for a large vehicle. EPC Band B.
Stock £45,000 to £50,000.