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Convenience & Off Licence

Wallsend, Newcastle upon Tyne

£69,950 Leasehold (Ref 5693)

Business Description

Well established Premier convenience store with a high turnover located in Wallsend, Tyne & Wear. A nicely presented shop in a central location in town on a busy high street. The store is fully fitted out to a good standard which includes all remote refrigeration, LED lightning, Alarm, CCTV and EPOS till system. Alongside the core range of grocery & off licence the store also provides lottery & paypoint. The shop is licenced from 6am to 11pm 7 days a week and has a 24 hour delivery licence. Owner selling due to other business commitments.

Financial Information

Leasehold Price
£69,950

Weekly Turnover
£12,000

Annual Business Rent 
£15,600

Annual Turnover
£550,000

Fixtures & Fittings Estimated Value
£15,000

Council Rates
Current rateable value £3,400
(Business rates relief available please see below *)

Accounts
3 Years Available

Annual Net Profit
Available on Request

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

Staff
1 full time non-contracted

Commissions on Services
Approx £520 per month

Stock Value
Approx £30,000

Trading Hours
Monday – Sunday 06:00-10:00 pm

Shop 
Retail Area 45 m² (484 ft²)
Storeroom 21 m² (226 ft²) with rear access

Key Features
• New 10 year lease available

•  High Turnover

•  Established for 30+ years

•  Lottery & Paypoint

•  EPOS till system, Alarm system & CCTV

Location
Located in Wallsend in North Tyneside. It lies 3 1⁄2 miles east of Newcastle City Centre area in the North East of England. The shop is in centre of town on a busy high street.
Location on Map

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Convenience Store & Off Licence 5693