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Newsagent & Post Office

Wallsend, Tyne & Wear

REDUCED £27,500 Leasehold
(REF: 5694)

Financial Information

Leasehold Price
£27,500

Weekly Sales
£6,442 

Annual Sales
£335,000

Weekly Business Rent 
£100

Annual Rent Business 
£5,200

Council Rates
Exempt

Post Office Salary
£33,257 (Net)

Fixtures & Fittings Estimated Value
Available on Request

Annual Net Profit
Available on Request

Gross Profit Margin
23%

Accounts Available
3 Years

Business Description

Popular Newsagent & Post Office within a busy housing estate location in Wallsend. Weekly sales avg £6,500 per w/k exclusive of National Lottery & Paypoint. Business benefits from Post Office commissions of £33,257 per year and low rent of £100 per week. The business generates high lottery sales of approx £3,000 p/wk. Good opportunity to increase profit through introducing off licence and extending opening hours. Renewable local council lease with 3 years remaining upon it. Owner selling due to other commitments.

Further Details

Premises Licence
Business does not have a premises licence

Employees
1 full time and 6 part time employees

Employee Information
Available on Request

Commissions on Services
Available on Request

Stock Value Estimate
Approx £10,000

Trading Hours
Monday – Friday 6:30am – 6:00 pm
Saturday 6:30am – 7:30 pm
Sunday 8:00am – 8:00 pm

Ground Floor
Retail Area 55 m² (587 ft²)
Storeroom 24 m² (255 ft²) with rear access

Key Features

•  Low Annual Council Rent

•  £33k Net Post Office Commissions

•  EPOS till system

•  15 years remaining on lease

•  Central to local community

Location

Located in a busy housing estate in Wallsend in North Tyneside. The town is situated 3.5 miles east of Newcastle-upon-Tyne city centre.

Location on Map

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Convenience Store/Off Licence Ref 5694