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Superb Convenience Store For Sale In Redcar & Cleveland

Redcar & Cleveland, North Yorkshire

Asking Price £445,000
Turnover £786,008

Business overview

Substantial freehold convenience store with high turnover and strong net profits.
The store was first opened in 1920 and has grown year on year to the current day. The business caters for a large residential area in the small town of Carlin How in the Redcar and Cleaveland.
The business is run by managers to a very high standard and would suit either an investor or an owner to come in and run the business.
There is a large space on the first floor which is separated into two self contained self contained flats; one of which is let out at approximately £60 per week.
The business is currently in a very healthy state of trading and has increased its turnover even through harsh economic climes. The current weekly revenue figures regularly exceed £16,000 and averaged out at £16.500 consistently.
There is huge potential for any purchaser to strongly develop the trade and open longer hours in order to increase turnover. The business already has strong profit margins which can be adjusted significantly - the business is a genuinely profitable operation.

Business details

  • Property type
  • Net profit
  • Accommodation
  • Staff
  • Property value
  • Estimated EPC rating
  • Reason for sale

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Business description

The business is in the centre of a large parade of residential and business premises. Visually, the shop stands out from the parade and is easily viewed by the passing trade.

The business is entered through a single doorway to the right hand side of the shop front which leads directly into the open plan shop floor which is spaciously laid out over several departments.

The large serving counter is positioned alongside the front wall and houses a wide range of stock. as well as two till registers. There are various departments for frozen and alcohol etc.

Business location

The business is located on a busy main road in the Carlin How, in Redcar and Cleveland.

Sector specific information

  • Newsheet per week
  • Payzone/Paypoint per week
  • SAV
  • Square footage (if known)
  • EPOS
  • CCTV
  • Air conditioning
  • Opening times

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