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 £919,887 per annum and reflect an adjusted net profit of almost £81,000. We are advised that the shop has a weekly average turnover of £27,750 (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 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.