El Nour Halal Continental Food Store 3 Neville Street, Durham City. DH1 4EY

OFFERS BASED ON £25,000 plus stock at value (LEASEHOLD)

• Halal and Continental Food Store

• Current sales of £2,000-£2,500 per week

• Great location in Durham City Centre

• Low rent (£173 per week) and overheads

• The only Halal food store in Durham!

Jonathan Ward | Business Broker Tel: 0845 299 0158

LOCATION This business benefits from a busy location just off North Road in the heart of Durham City Centre. The business benefits from high levels of footfall and is surrounded local and national multiple such as Tesco, Argos and many others. The business is also extremely well placed to take advantage of Durham’s large student population being adjacent to an area with high levels of student accommodation. BUSINESS This well established business was started by our client nearly three years ago and is only now being offered for sale due to them wishing to return to Egypt. The business is well fitted for the trade and has been improved and maintained by our clients under the ownership. The store trades as a Halal food and convenience store selling a wide range of fresh Halal meat, frozen and chilled foods and dry groceries. The business sells a wide range of unique products such as spices which are simply not available elsewhere in the area. There are clear opportunities to further expand the business in different directions and the business is still growing as people become aware of its existence – being the only Halal shop in the area. The purchase of this business would provide an excellent opportunity for a business buyer to acquire an easy to run business benefiting from a growing reputation and with clear scope for longer trading hours. ACCOMMODATION The main entrance and shop front give access to a well equipped trading area with serve over counter and various display fridges in addition to this there is ample display shelving and racking for dry goods. ANCILLARY AREAS The shop leads through to a spacious prep room cum store, with access to basement area (not inspected ) and staff WC facilities. LIVING ACCOMMODATION The premises are self contained and there is no living accommodation. TAKINGS We are informed by our clients that the business has current takings in the region of £2,000-£2,500 per week.

GROSS PROFIT MARGIN Average GP is 33% STAFFING Our clients operate the business themselves with no additional staff. REASON FOR SALE The business is being offered for sale to enable our client to return to Egypt. FIXTURES AND FITTINGS We have been advised by our client that the trade fixtures and fittings are all owned outright or on permanent supplier loan. HOURS OF OPENING Monday – Saturday : 10.30am – 7.30pm. Sunday: Closed. RENT Our clients are in the process of agreeing a new ten year lease with a rental of £9,000 per annum exclusive of rates, and VAT (if applicable). RATES Current rates payable are c£6,000 per annum. ASKING PRICE Business (Goodwill) / Lease / Fixtures & Fittings: Offers invited in the region of £25,000 plus stock at value. SUPPORT AND TRAINING Our clients will ensure a full and seamless handover of the business. LEGAL FEES Both the seller and the purchaser are to be responsible for the own contractual costs with regard to the business aspect. The purchaser / assignee is to be responsible for all legal costs incurred in connection with the assignment of the lease including the landlord’s reasonable costs.

PLANNING & STATUTORY CONSENTS

Prospective purchasers or tenants should make their own enquiries of the Local Planning Department and satisfy themselves at their own expense as to the use they intend to implement. It should not be assumed that the property has all the necessary planning, building regulations or other statutory consents.

VIEWINGS

All viewings are strictly by appointment through Lakey & Co. No direct contact should be made to the business. Contact us on 0845 299 0158 or email info@lakeynortheast.co.uk PROOF OF FUNDING To comply with current legislation, we are under an obligation to check as far as possible the financial status of prospective purchasers to enable our client to make considered decisions. We may ask for confirmation of availability of funds to purchase which should be provided to us by your solicitor/bank/building society. LEASES These premises are being made available by an assignment of the current lease. An assignment is the process of passing on or selling a leasehold interest. The lease will normally stipulate that any assignee must meet certain criteria and be qualified as a reliable tenant by the landlord. If you make an offer for the business which is accepted then we will need the names and addresses of appropriate referees including bankers to which we can apply for references in order to seek the landlord’s consent to assign the lease. SALES ADVICE If you are thinking of selling a business please contact us for free and impartial advice. OUR REFERENCE GS15NE SALES DETAILS PRODUCED BY / DATE / ISSUE JW290711/1

CONTACTING US: Tel: 0845 299 0158 Fax: 0845 299 1219 email : info@lakeynortheast.co.uk www. lakeynortheast.co.uk PO Box 268 Bishop Auckland Co Durham DL14 4FF

IMPORTANT NOTICE TO INTERESTED PARTIES – PLEASE READ CAREFULLY

Having received details of this business, we ask that you: 1. Understand and agree that any information regarding any business supplied by Lakey & Co or their clients will be kept strictly confidential. 2. View businesses registered with Lakey & Co by appointment only. 3. Do not contact any owner, staff, suppliers, competitors or customers of any business registered with Lakey & Co. If you visit the business as a customer please do not introduce yourself to anyone working in the business at the time. 4. Do not pass any information supplied by Lakey & Co (or their clients) to any third party other than a professional adviser eg. Bank, solicitor, surveyor, accountant etc. All such information to be returned immediately to Lakey & Co if my interest in purchasing the business ceases. 5. Submit and negotiation any offers direct to and with Lakey & Co LAKEY & CO for themselves and for the vendor(s) or lessor(s) of this business / property give notice that these particulars do not constitute any part of an offer or contract. Any intending purchasers must satisfy themselves as to the accuracy of the particulars and no warranty is given by the vendor(s), their agents or any person in their employment. Offered subject to contract, prior sale or withdrawal. Sizes quoted are approximate only.