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Discount Retail For Sale

Newcastle-upon-Tyne, Tyne & Wear

£19,950 Leasehold or £27,500 including stock
(REF: 5700)

Financial Information

Leasehold Price
£19,950 or £27,500 including stock

Weekly Sales
£3,846

Annual Sales
£200,000

Weekly Rent  
£190

Annual Rent
£9,876

Council Rates
£443 per year

Fixtures & Fittings Estimated Value
Available on Request

Annual Net Profit
Available on Request

Gross Profit Margin
23%

Accounts Available
3 Years

Business Description

A well established discount store situated on a busy high street with other varied traders. The shop benefits from good footfall with a bus stop right outside of the shop. Range of goods consists of grocery, domestic household, soft drinks & confectionery along with unique product lines. Fully fitted with durable wood flooring & LED lighting. The shop is currently family run therefore an excellent first business with no contracted staff . The business rates have been substantially cut by goverment meaning a saving of £5,500 per year. Scope to increase revenue by extending closing time and opening on Sundays.

Further Details

Premises Licence
The premises has not got a licence to sell alcohol

Employees
2 part time employees

Employee Information
Staff wages approx £250 a week

Stock Value Estimated
Approx £8,000-£10,000

Trading Hours
Monday – Sunday 9:00am – 4:00 pm
Saturday 9:00am – 4:00 pm
Sunday 9:00am – 4:00 pm

Ground Floor
Retail Area 59 m² (631 ft²)
Storeroom 32 m² (344 ft²)

Key Features

•  Busy high street location

•  Low business rates

•  Business well established

•  Large stockroom area

•  New lease available

•  Unique selling lines

•  Solid wood & LED lighting/p>

•  Fitted with gas central heating system

Location

Situated in Newcastle upon Tyne, North Tyneside. The shop is located on a busy high street with other varied traders and with bus stop is right outside the shop.

Location on Map

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Discount Retail Store 5700