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Thriving Convenience Store In Sunderland For Sale

Sunderland, Tyne and Wear
Asking Price:
£130,000 Furniture / Fixtures included
Turnover:
£832,000
Net Profit:
Available on request

Established Since 1984
Turnover £832,000
Gross Profit £133,120
Multiple Income Streams
Retirement Sale
EPC - E

REF 5703 – Leasehold Convenience Store

Blacks Brokers are proud to bring to the market this leasehold convenience store located in the much sought after area of Sunderland, Tyne & Wear.

INTRODUCTION

Kens Londis Store has been trading since 1984, with a similar business at this location for over 33 years. During that time, the business has firmly established itself within the local community and gained a large and loyal customer base along with an excellent reputation.

LOCATION

Sunderland is a large city in Tyne & Wear. The area is well linked by the A1 and A1231. Lincoln Avenue is located in the Silksworth area, this is a densely populated and much sought-after area within Sunderland. The business is positioned on this busy road, close to local parks, schools, churches and the cricket club. Parking is available directly outside.

REASON FOR SALE

Kens Londis Store is only being offered for sale due to retirement.

LEASE

The building will be available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease.

A new lease will be offered with the business sale, which will be 10-20 years in length with rent reviews every 3 years and running at a cost of £346 Per Week

BUILDING LAYOUT AND DESIGN

Kens Londis Store is housed within a large, purpose built retail unit with 4 parking spaces. This single storey unit is already fitted with the standard “Londis” banner and branding. Inside, the retail area is fitted with mounted shelving, wall shelving, central gondolas and display fridges and freezers. There is a single point sales counter and a National Lottery stand in place. To the rear of the unit is a large stock room with kitchen and staff toilet.
All areas are fitted with tiled flooring and strip ceiling lighting and are well presented, finished to a high standard.

STAFF

Kens Londis Store is currently operating with four, part-time members of staff.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Kens Londis Store has traded solidly over its trading history. The business generates weekly takings of £16,000 including pay point with no rates payable. Most customers are from the local area as one would expect, with some passing trade due to this prime location.

SUMMARY

This leasehold business is well known and popular in this area. A new owner would benefit from the long trading history in place and the large customer base already established. There is plenty of scope to develop the business further with a change of opening hours to meet local demand for business and ideally, this proposition would suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations, thus saving on wage costings and boosting profits further. Early viewings are strongly advised.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Sat - 6am - 8.30pm
Sun - 8am - 8.30pm

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