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Retail premises for sale

£34,995

6 Clyde Terrace, Spennymoor DL16

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Property description

Business
Hilton Smythe welcomes to the market the very busy Sandwich shop/Bakery known as Longstaff’s Bakery in Spennymoor.

The business is one of 2 shops owned by our client. Our client’s outlet in Bishop Auckland makes most of the produce which are delivered to this outlet in Spennymoor. For personal reasons, our client has reluctantly decided to sell the Spennymoor outlet but to retain the Bishop Auckland one.

The new owners will be free to obtain their products from any supplier and to take the business into any direction they want. However, there is the option for our client to continue supplying the Spennymoor outlet with any of the goods that the new owner may require.

Our clients have had a presence in Spennymoor for 9 years the last 4 years of which in its present location. Longstaffs Bakery offers a great selection of products, this includes bread, pies, pasties, cakes, sandwiches as well as a range of hot and cold drinks.

Longstaffs Bakery is well known with a great reputation.
The business is very busy with strong sales and high profits.
The shop is fitted out to a very high standard.
The store is attractive, sensible and reasonable priced ready for an early sale.

Location
The business is situated on a very busy main road in the town of Spennymoor in County Durham.

There is also free on street car parking immediately outside.

Premises
The business is situated on a very busy main road in the town of Spennymoor in County Durham.

There is also free on street car parking immediately outside.

Tenure
We are advised that the premises are held under a Lease of which 6 years remains as of 2017 (with break clauses) with a rent of £675per month.

Hours
Monday to Saturday: 7.30am – 3.30pm
(early close 3pm on Wednesday)
Sunday: Closed

Staff
3 staff run the business. If not required by the buyer our client will re-employ them at his Bishop Auckland shop.

Financial Profile
We are advised that turnover is approximately £150,000 per annum with a gross profit of up to 70%.

The business will be exempt from business rates upon sale.

The business carries no stock.

Water charges are approximately £50 per quarter and electricity £190 per month.

What Zoopla users think of Spennymoor

Overall rating:

  • currently 3.5 stars
Good - 72% (30 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 3.5 stars
Restaurants & shopping
  • currently 3.5 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Spennymoor:

Tell us what you think of this area by rating these categories.
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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Bishop Auckland (4.0 miles)
  • Shildon (5.0 miles)
  • Newton Aycliffe (5.8 miles)
  • Durham Tees Valley Airport (14.8 miles)
  • Newcastle Airport (23.9 miles)
  • Leeds Bradford International Airport (57.5 miles)
  • Transporter Bridge South Side (17.0 miles)
  • Transporter Bridge North Side (17.0 miles)
  • Newcastle International Ferry Terminal (21.4 miles)

Nearby schools

View all schools in County Durham
  • Rosa Street Primary School (0.1 miles)
  • Middlestone Moor Primary School (0.4 miles)
  • King Street Primary School (0.4 miles)
  • Durham Sixth Form Centre (5.9 miles)
  • Endeavour Academy Durham (11.3 miles)
  • Beacon of Light School (17.5 miles)
  • Whitworth Park School and Sixth Form College (0.4 miles)
  • The Oaks Secondary School (0.4 miles)
  • The Meadows School (0.5 miles)
Note: Distances are straight line measurements

Local info for County Durham

About the neighbours in DL16

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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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