CALL 01904 867175

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

Convenience Store

Palmersville (Ref 5748)

Sales £7,000 PW

Rent £14,400

Click Here For Details »

Convenience Store & Post Office

Gateshead (Ref 5747)

Sales £10,000 PW

Rent £9,750

Click Here For Details »

Takeaway & 5 Bed Property

Durham (Ref 5745) 

Sales £4,500 PW

Gross profit 45-50%

Click Here For Details »

Profitable Convenience Store

Newcastle (Ref 5710)

Sales £16,000 PW

Annual Rent £14,000

Click Here For Details »

Arrange a viewing or contact us for more information

Please call us on 01904 867175 for more information on this or any other business or alternatively fill in our enquiry form below.

Business Enquiry Form

Please enter your details below and we will contact you with more information or to arrange a viewing

Business Sales Ref 5730