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Convenience Store & Off Licence

Newcastle upon Tyne

£Undisclosed Leasehold (Ref 5702)

Business Description

This well established convenience store on a main road within a suburb of Newcastle has a regular customer base with good passing trade. The shop is refitted to a high standard with hard wooden floors, suspended ceilings and modern shelving system.  It comes well equipped with 2 x 3.75 large standing chillers and 1m freezer. The open plan shop floor area of 643 ft² gives the option to add further products. Increased opening hours could also be introduced in the morning before the current 11am opening time. Other features include an EPOS till system, electric shutters, CCTV & alarm system. The shop is currently staff run with non-contracted employees.

Financial Information

Leasehold Price
Nil Premium

Weekly Turnover
£3,750

Weekly Rent
£200

Annual Turnover
£234,000

Annual Rent
£10,400

Council Rates
Zero Rateable

Accounts
Not Available

Annual Net Profit
Not Available

Gross Profit Margin
20%

Further Details

Premises Licence
The premises has a licence to sell alcohol 

Staff
2 full time non-contracted

Stock Value
Approx £15,000

Trading Hours
Monday – Friday 11:00-10:00 pm
Saturday 11:00-10:00 pm
Sunday 11:00 – 10:00 pm

Ground Floor
Retail Area 59.8 m² (643 ft²)
Storeroom 15.6 m² (168 ft²) with rear access

Key Features

•  New 10 year lease available

•  Well established business

•  Open plan trading area

•  Lottery & Paypoint

•  EPOS till system & CCTV

Location

Located in a suburb of Newcastle in the North East of England

Location on Map

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Convenience & Off Licence Ref 5702

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