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Convenience Store & Off Licence

Gateshead, South Tyneside

LEASEHOLD £79,950 (Ref 5729)

Description

Double fronted medium sized Convenience & Off Licence store in South Shields. The business has the option of a 2 bedroom accommodation above the shop. There is very low council rent applicable of £3,500 per year.

Business

Business established since 1983 and run by the current owner since 1993. 

Trading area is medium sized open plan and leads to the stockrooms at the back with rear access for deliveries and W.C. Fixtures & fittings include 2 chest freezers, 1 x 3.75 m & 1 x 1 m drinks chillers all included in the price. Other features are modern shelving units, wooden floor, EPOS tills, CCTV and front security shutters.

The business is operated by the owners and a single member of staff. There is a genuine reason for sale as the current owner have other businesses and do not have the time to dedicate to the shop.

Shop Dimensions

Trading Area 36.1 m² (388.5 ft²)
Stockroom Area 22.18 m² (238.7 ft²) with rear access.

Financial Information

Leasehold Price
£79,950

Weekly Sales
£10,000

Business Annual Rent
£13,000

Business Rates
Current rateable value £7,600
(Business rates relief available please see below *)

Fixtures & Fittings
£15,000

Accounts Available
3 years

Annual Net Profit
£50,000

Gross Profit Margin
20 %

* ( Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) Click here for more information

Further Details

Premises Licence
The premises has a licence to sell alcohol 

Employees
1 contracted staff

Commissions on Services
£130 per week

Stock Value Estimated
£17,500

Trading Hours
Monday – Sunday 8:00 am – 9:00 pm

Key Features

• Good weekly turnover

• Business established since 1983

• Internal cash machine

• Accounts available

• Car parking outside the shop

• EPOS till system & CCTV

 

Location

Located in Gateshead in South Tyneside. The shop is in a dense residential area with a regular customer base.

Google Map Location

2 Bedroom Property with Convenience Store & Off Licence

Hartlepool (Ref 5717)

Sales £7,500 PW

Prime Location

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Two 3 Bedroom Properties & Convenience Store

Witton Gilbert (Ref 5722)

Sales £3,500 PW

Rent Income £10,800

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2 Bedroom Property with Convenience Store & Off Licence

Darlington (Ref 5684)

Sales £9,000 PW

Nearby Development

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3 Bedroom Property with Convenience Store & Off Licence

Darlington (Ref 5725)

Sales £3,500 PW

LEASEHOLD £17,500

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Business Sales Ref 5730