Location
The business is located on Commercial Street which is the main road (A690) running into Willington town centre from Durham City and runs through towards Crook.
Willington is a former colliery town located in the Wear Valley and approximately 10 miles west of Durham City and easily accessible with good road links throughout the County and beyond.
Business
The business has been in our clients’ family ownership for over 30 years and has been placed on the market as they wish to retire.
The shop operates as a traditional counter newsagent with magazines, confectionery, convenience goods and a wide range of greetings cards. The shop has full Lotto status and other commission income is generated by way of Paypoint, parcel collections and the shop has a strong gross profit margin operating in excess of 24%.
The business operates from an end terrace, two storey, stone built property and forms part of the main shopping district. The surrounding properties comprise predominantly residential accommodation and there are high levels of captive trade and the main road also generates passing trade, supported by free parking across the street.
This is a genuine opportunity, ideally suited to a family that could absorb some of the staff wages and develop the trade by expanding the lines sold and possibly the trading hours.
Property
Comprises a two storey end terrace property with land to the rear, garages and scope for a garden.
Ground Floor
Sales Shop circa 63 sq.m. (680 sq.ft.)
Rear Shop circa 7.1 sq.m. (76 sq.ft.)
W.C.
First Floor with separate rear access
Lounge
Kitchen / Diner
Bathroom
W.C.
Bedroom 1
Bedroom 2
External
Yard / Garden Area
Double Garage
Outhouse
Services
Mains gas, water and electricity is installed.
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Staff
Currently operated by the client (part time) with the help of members of staff. Current wage bill circa £80,000 p.a.
Trading Hours
Monday to Saturday 5.00am – 6.00pm
Sunday 5.00am – 12.30pm
Rates
The premises are currently assessed as follows:
Rateable Value £1,275
Rates free incentives available subject to status.
Tenure
We are verbally informed that the premises are freehold. Interested parties should seek legal confirmation of this.
EPC
Rating C.
