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Retail premises for sale

£50,000

451 Linthorpe Road, Middlesbrough TS5

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Property description

Business
Hilton Smythe is delighted to welcome to the market Village Wines. Our client first took over this successful store in 2010. This is a popular business that can be highly profitable. The owner is now looking to sell the business due to other business interests.

The business offers a range of alcohol from world wines, lager, ales, ciders, spirits and alcopops. They also sell some confectionary and soft drinks. The store serves a generous amount of repeat loyal trade and sees a high amount of custom from passing trade.

According to the 2015 accounts, the business generates a healthy turnover of around £328,000 per annum with a gross profit of 16%. We feel the business could benefit from Lottery sales. The Lottery is always a great way of boosting turnover.

The new owner could look in to the option of offering deliveries. The store does have a 24 hour licence which could be utilised more to stand out from any competitors. This area has dense housing which the store could provide the deliveries to. Deliveries and opening later hours should maximise sales.

Our client has run the business to a high standard over the years. This store really is a turnkey opportunity; and would be perfect for any purchaser looking for this type of business in a busy main road location. The store comes fully equipped and also has a walk in safe.

The business requires a new owner with experience who can take this already thriving store to the next level.

Hilton Smythe highly advise early viewing to take in the full quality of this store.

Location
Village Wines is located in Middlesbrough, North Yorkshire.

The business is situated on an arterial road through the Linthorpe village area of Middlesbrough. This is a popular location in the town due to the high amount of retail stores. On this road there is a convenience store, Greggs, pub, florist, hair salon, pharmacy, Co-op and much more. Directly outside the premise are parking bays for custom. To the side of the row of shops is further free on street parking.

The road on which the business is located runs directly from Middlesbrough to the A174. Middlesbrough centre is just a short 10 minute walk away making this a great location for heavy footfall. This area also benefits from public transport. There is a bus stop directly outside the business and a train station close by.
Premises
The business boasts a substantial sized double fronted premise that is located on a busy high street. The front of the store looks presentable with the black and silver sign. The large display windows allow for a bright retail space.

The main retail area is spacious and open plan. There is shelving around the perimeter of the store which are fully stocked. All stock has a place making this a tidy looking store. The counter is to the rear of the premise; from here is a clear view of all the shop.

Equipment includes-

7 Drinks chillers

1 Fridge unit

Ice cream freezer

epos till

Small safe

Walk in safe

Fixtures and fittings

Cigarette gantry

Racking and shelving

Through to the rear is a large stock room which is complete with shelving. There is also an office, walk in safe, kitchen, toilet and access to the yard at the back of the premise. In the yard is an outside storage unit/warehouse.

The premise is secured with remote access CCTV with 8 cameras, roller shutters and an alarm.
Tenure
We are advised the business is Leasehold.

Original lease length: 12 years

Left on the lease as of April 2016: 6 years

Rent: £19,000 per annum
hours
The business is open-

Monday - Saturday: 10am – 11pm

Sunday: 1pm – 11pm
staff
The business is run and managed by our client with the help of 3 members of staff.
Financial profile
The business generates a turnover in the region of £328,000 per annum.

With a gross profit of around 16%

What Zoopla users think of Middlesbrough

Overall rating:

  • currently 3.5 stars
Good - 65% (137 ratings)

Ratings breakdown:

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Nearby transport

  • Middlesbrough (1.3 miles)
  • James Cook University Hospital (1.6 miles)
  • Marton (2.2 miles)
  • Durham Tees Valley Airport (8.3 miles)
  • Newcastle Airport (37.6 miles)
  • Leeds Bradford International Airport (50.9 miles)
  • Transporter Bridge South Side (1.7 miles)
  • Transporter Bridge North Side (1.8 miles)
  • Newcastle International Ferry Terminal (31.0 miles)

Nearby schools

View all schools in Middlesbrough
  • Linthorpe Community Primary School (0.2 miles)
  • St Edward's RC Primary School (0.3 miles)
  • Sacred Heart Primary School (0.4 miles)
  • Cleveland College of Art and Design (0.5 miles)
  • Middlesbrough College (1.5 miles)
  • River Tees High Academy (1.8 miles)
  • Hollis Academy (0.9 miles)
  • Macmillan Academy (0.9 miles)
  • Beverley School (0.9 miles)
Note: Distances are straight line measurements

Local info for Middlesbrough

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla 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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