Archived
Well Established Convenience Store In Prudhoe For Sale
Prudhoe, Northumberland
- Asking Price: £39,995 +SAV
-
Turnover:
We are advised as per the 2021 accounts, the business generated a turnover in the region of £132,000. Further financials can be made available upon request.
Please quote reference B07079
- Tenure: Leasehold
Please quote reference B07079
Hilton Smythe are delighted to welcome to the market Julies Grocery Store Limited, a highly rated Convenience Store/Greengrocer located in Prudhoe, Northumberland.
The business was first established by our client in 2016, building up an excellent reputation and loyal customer base during it's time of trading.
Only now does the business come to the open market due to our clients desire to retire.
The business stocks a wide range of general Convenience Store and Greengrocer items.
Key selling points -
- Much loved community business
- Located in desirable residential area within Prudhoe
- Lots of opportunity to grow current sales
- New lease to be offered
- Full business handover offered
- Nearest mainliner station into the center of Newcastle just 5 mins away
- Extend opening hours
- Increase product range/add more pet food
- Add a delivery service
- Promote the café side of the business more and utilize the space outside for outside seating
- Add new website/social media presence
- Update the shop layout
We are advised that the business has 2 full-time members of staff.
The business hours are -
Monday – 6:00am to 7:30pm
Tuesday – 6:00am to 7:30pm
Wednesday – 6:00am to 7:30pm
Thursday – 6:00am to 7:30pm
Friday – 6:00am to 7:30pm
Saturday – 6:00am to 7:30pm
Sunday – 8:00am to 2:00pm
Julies Grocery Store Limited is located on South Road in Prudhoe, Northumberland.
The business gets high levels of footfall and passing trade, as the business is located in a very popular residential area.
The business occupies a single storey corner premises.
Ground floor -
- Open plan retail space spread over 2 adjoining units.
- Rear storeroom
- Kitchen
- Staff toilet facilities
- Unused strip of land to the left side of the main shop entrance – ideal for customers to sit
Tenure
We are advised that the business is being sold on a Leasehold, with our clients offering a 10 year lease to the new buyer. The rent is £600 per month.
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Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
