Retail premises for sale in Off License & Convenience TS3, Ormesby, North Yorkshire

£400,000
Retail premises for sale
Interested in this property? Call +44 113 482 9940 * or Request Details

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Property features

  • Very Profitable - £81,000 Net Profit (Adjusted)
  • First Time to the Open Market in Over 30 Years
  • Densely Populated Middlesbrough Suburb
  • Early Viewing Highly Recommended

Property description

Hugely profitable off licence & convenience store in Middlesbrough for Sale.

A truly rare opportunity to acquire a very long established and tremendously profitable business and freehold premises. This very busy off licence and convenience store only now comes to the open market for the first time in 32 years, following three decades under the same family ownership. Densely populated suburb, less than five miles south east of Middlesbrough. The business accounts show a substantial turnover of £23,500 per week and reflect an adjusted net profit of almost £81,000. We are advised that the shop has a weekly average turnover of £23,500 (inclusive of VAT) as at 3rd quarter 2020. Sales of alcohol make up a good portion of the turnover and the convenience store also enjoys a high volume of additional sales and strong profit margins from pet supplies and feed. This is a large store with substantial storage areas and good on and off-street customer parking. The vendors have also recently had new electric security shutters fitted and frontage re-done. The Premises:- Located at the head of a parade of community village shops and businesses, the convenience store occupies the ground floor of this premise. Large open plan sales area with good quality racking and point of sale displays. Comfortably wide aisles and perfectly merchandised specific areas for all convenience items. Long pay counter at the front of the shop. Toward the rear of the shop there is a dedicated area for the sale of pet supplies and feed. Further to the rear there is a substantial goods inwards and store area plus an area for management and administration tasks. EPC Band C.
EPC Band C. Stock £30,000 to £40,000.
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For more information about this property, please contact
Ernest Wilson, LS27 on +44 113 482 9940 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Ernest Wilson, and do not constitute property particulars. Please contact Ernest Wilson 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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