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Convenience & Off Licence

Gateshead, Tyne & Wear

£15,000 Leasehold
(REF: 5683)

Financial Information

Leasehold Price
£15,000

Freehold Price
£120,000

Weekly Sales
£4,000

Annual Sales
£208,000

Weekly Business Rent 
£200

Annual Business Rent
£10,400

Council Rates
Zero Rateable

Fixtures & Fittings Estimated Value
Available on Request

Annual Net Profit
Available on Request

Gross Profit Margin
24%

Accounts Available
3 Years

Business Description

A small convenience and off license store in a suburb of Gateshead. The seller has considerably reduced the price on this business for a quicker sale.  It is a well established business which benefits from an internal cash machine, lottery and paypoint services. It has a good sized stockroom along with a 400 sq/ft shop floor area. This is a lock-up business with both leasehold and freehold options available on the property.

Further Details

Premises Licence
The premises has a licence to sell alcohol

Employees
No Information Supplied

Employee Information
No Information Supplied

Commissions on Services
Approx £5,000 Annually

Stock Value Estimated
Approx £15,000

Trading Hours
Monday – Saturday 9:00am – 9:00 pm
Sunday 10:00am – 9:00 pm

Ground Floor
Retail Area  40m² (430 ft²)
Storeroom  20m² ( 215ft²) with rear access

Key Features

•  New lease in place

•  Business well established

•  Large stockroom area

•  Lottery & Paypoint

•  Close to local amenities

Location
Situated within a busy housing estate location in the suburb of Gateshead in South Tyneside.
Location on Map

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Convenience Store & Off Licence 5683