Retail premises for sale in Front Street, Wingate TS28

Fixed price £265,000 (£427.42/sq. ft)
Retail premises for sale 58 sq. m*
Interested in this property? Call +44 1904 918748 * or Request Details

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Property features

  • Freehold £265,000
  • Leasehold £75,000
  • Well Presented 5 Bedroom Accommodation
  • Well Established Take Away Business
  • Off Licence
  • Delivery Service

Property description

Excellent freehold opportunity to purchase a well established takeaway fish & chips, pizza, kebab shop with convenience and off licence business in County Durham. Located within a residential area and with a good reputation this a fantastic opportunity for a family operated business .

Business

A profitable food business with good net profit this takeaway business has been established and run by the same family since 1989. Well positioned in the village of Wingate, County Durham the shop is situated on the main street with parking to the front and side and has a large catchment area with good passing trade.

Fixtures & fittings including all the equipment needed for the takeaway service including the 4 pan fryer unit, pizza oven and kebab skewer along with refrigeration chillers. This is an excellent freehold or leasehold opportunity for a couple or family wishing to take over a successful business and run it themselves.

Our clients are selling the business due to retirement.

Accommodation

A very well presented three storey property with a modern and newly refitted 5 room accommodation upstairs and available to purchase or rent. Please contact us for more information on the accommodation.

Shop Dimensions

Trading Area 36.2 m² (389.6 f²)
Stockroom Area 21.4 m² (230.3 f²)

Accommodation Dimensions

Lounge 31.2 m² ( 106.5f²)
Kitchen 17.5m² (78.5 f²)
Bathroom 8 m² (35.5 f²)
1st Bedroom 9.9 m² (106.5 f²)
2nd Bedroom 9.6 m² (103.3 f²)
3rd Bedroom 13.8 m² ( 148.5f²)
4th Bedroom 17 m² (183 f²)
Loft Room 34 m² ( 365.9f²)

Financial Information
Freehold Price
£265,000

Leasehold Price
£75,000

Weekly Sales
£4,500

Business Annual Rent
£18,400

Accommodation Annual Rent
£5,400

Business Rates
Current rateable value £1,975
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value

Accounts Available
3 years

Annual Net Profit
£38,000

Gross Profit Margin
40-50%

* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) Click here for more information

Further Details
Premises Licence
The premises has a licence to sell alcohol

Employees
No employees

Stock Value Estimated
£10,000

Trading Hours
Monday – Friday 11:30 am – 1:30 pm; 5:00 pm – 11:00 pm
Sunday 6:00 pm – 11:00 pm

Key Features
• Freehold Opportunity

• Well presented 5 bedroom accommodation

• Well established take away business

• Off Licence, Delivery Service

• 3 storey property

Location
The property is located within a residential area in Wingate, County Durham with limited competition nearby.

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
A1 BUSINESSES FOR SALE, YO10 on +44 1904 918748 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by A1 BUSINESSES FOR SALE, and do not constitute property particulars. Please contact A1 BUSINESSES FOR SALE for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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