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Villlage Store & Deli In Longhorsley For Sale

Longhorsley, Northumberland, UK
Asking Price:
£125,000 Furniture / Fixtures included
Turnover:
£310,000
Net Profit:
£100K - £250K

• Sales circa £7,000 weekly with strong margins.
• Low overheads, high adjusted net profits
• No late-night openings. Only 46 trading hours per week.
• Ideal opportunity for a couple or partnership.
• Highly reputable business in same hands since 2008.
• Unopposed trading position.
• Leasehold £125,000 plus stock at valuation.

Property Information

Property:

Leasehold

Lease Terms:

A new lease will be available.

Leasehold Rent:

£7,000 per annum

Location:

The premises are located in the centre of this pleasant and sought-after village, approximately 7 miles north west of Morpeth.

The village is on the A697 which runs from the A1 up towards the Borders through Wooler and Coldstream and is a popular route linking the A68 with the A1. The village has a pub and a school and is a popular address with a broad range of residents.

Premises Details:

This is a long established and highly reputable business which has been in our clients’ ownership for the past 12 years. The business has been placed on the market as our clients wish to retire.

The premises are relatively compact and are currently configured to provide a waiting and service space but with a good size prep area to the rear. The village store offers a range of convenience goods, including alcohol, plus newspapers and magazines for both local residents and passing trade. The food offers a broad range of hot and cold drinks together with high quality sandwiches, pies and savouries. There is scope to develop the menu as the shop has a walk in cold store, and also to extend the trading hours into the evenings.

This is a rare to the market opportunity with high profits and further potential to grow in the right hands.

Premises

Comprise a self-contained ground floor shop which forms part of a larger two storey property.
Ground Floor
Retail Shop - circa 530 sq.ft. (49.3 sq.m.).
Prep Area 1 - circa 172 sq.ft (16.1 sq.m.).
Prep Area 2 - circa 202 sq.ft. (18.8 sq.m.).
Office - circa 104 sq.ft. (9.7 sq.m).
W.C.

Energy Performance Rating:
E

Business Operation

Reasons for selling:

Retirement sale.

Trading hours:

Monday - Friday 7.30am –2.30pm
Saturday 7.30am – 2.30pm
Sunday 8.00am – 12 noon

Employees:
Operated by our clients (2) with the help of part time staff.
Years established:
13 years.

Contact North East Commercial

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