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News, Convenience & Off Licence

South Shields, Tyne & Wear

£15,000 Leasehold

Financial Information

Leasehold Price
£15,000

Weekly Sales
£4,350

Annual Sales
£226,281

Weekly Business Rent
£80

Annual Business Rent
£4,150

Council Rates
Zero Rateable

Fixtures & Fittings Estimated Value
£10,000

Annual Net Profit
Available on Request

Gross Profit Margin
20%

Accounts Available
3 Years

Business Description

A popular newsagent and convenience shop within the heart of a local community near South Shields. The shop benefits from an indoor cash machine, lottery and paypoint. The shop floor has recently been increased in size and has a large stockroom area downstairs. The business has zero council rates, very low annual rent of only £4,150 and income from lottery commissions of around £700 per month. The shop is currently at the centre of part of a new local council regeneration programme to improve the pathways and shop fronts within the community and attract new businesses and stimulate current ones.

Further Details

Premises Licence
The premises has a licence to sell alcohol

Employees
Available on Request

Commissions on Services
Approx £175 per week

Stock Value Estimated
Approx £10,000

Trading Hours
Monday – Friday 6:00am – 9:00 pm
Saturday 7:00am – 9:00 pm
Sunday 7:00am – 1:00 pm

Ground Floor
Retail Area 39 m² (420 ft²)
Storeroom 45 m² (484 ft²) 

Key Features

•  Indoor cash machine

•  Wine, beer & Dairy chillers (3 fridges and 1 freezer)

•  Business well established

•  Large cellar stockroom area

•  Lottery & Paypoint

•  Electric Shutters & CCTV

Location

Situated in South Shields, a coastal town about 3.7 miles from Newcastle upon Tyne, South Tyneside. The shop is located in the heart of a local community and has got a firm customer base.

Location on Map

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Convenience Off Licence 5680