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Currently Closed - Convenience Store & Off Licence with 2 Bed Flat

Hebburn, Tyne & Wear

£10,000 Leasehold
(REF: 5695)

Financial Information

Leasehold Price
£10,000

Weekly Sales
£3,558 before closure

Annual Sales
£185,000

Weekly Business & Property Rent 
£184

Annual Rent Business & Property
£9,600

Council Rates
Exempt

Fixtures & Fittings Estimated Value
£18,000

Annual Net Profit
Available on Request

Gross Profit Margin
22 %

Accounts Available
3 Years

Business Description

This is a closed Convenience & Off Licence with 2 bed accommodation situated within a residential community in Hebburn. We are advised that sales were up to £3,500 per week before closure. Business offers the opportunity is licensed till 11:30 pm to increase the sales by extended opening times. Nicely presented and fully refitted to a high standard with 2 new 3.75m chillers  & 2m x 3 door freezer. The lease in renewable and has 8 years remaining upon it. Shop floor trading area is 575 sq/ft and 400 sq/ft stockroom. Upstairs accommodation comprises of a lounge, kitchen, bathroom and 2 bedrooms. Please contact us for more details.

Further Details
Premises Licence
The premises has a licence to sell alcohol

Commissions on Services
Approx £500 per month before closure

Stock Value Estimated
£2000 – £4000

Trading Hours
Monday – Sunday 11:00am – 9:00 pm before closure

Shop Floor
Retail Area 54 m² (575 ft²)
Storeroom 38 m² (409 ft²) with rear access

Key Features
•  2 Bed accommodation

•  Renewable Lease with 8 years remaining on it

• Chillers 2 x 3.75m & Freezer 2m x 3 door

•  Refitted to a high standard

•  Lottery & Paypoint

•  EPOS till system & CCTV

Location
Located in Hebburn, South Tyneside within a residential community in the Northeast of England.
Location on Map

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Convenience Store & Off Licence 5695