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Convenience Store & Off Licence

Hazlerigg, Newcastle upon Tyne

£84,980 Leasehold (Ref 5706)

Business Description

A well re-fitted and merchandised Premier Convenience Store & Off Licence in Hazlerigg village in a suburb of Newcastle upon Tyne. This newly created store opened for trading in May 2017 has potential to increase in revenue and has no direct competition. The trading area features a large trading area of 1,615 square feet with 3 central gondolas and counter area with a large 7.5m beer & wine chillers, 6m dairy chiller and 2 large 2.5m freezers. Other features include an EPOS till system, electric shutters, CCTV & alarm system. The shop is currently owner operated with 2 employees. National Lottery & Paypoint have only been introduced in May 2018. The owner is selling due to lack of time to focus on developing the business further.

Financial Information
Leasehold Price

Weekly Sales

Annual Sales

Weekly Business Rent 

Annual Business Rent

Council Rates
Zero Rateable

Fixtures & Fittings Estimated Value

Annual Net Profit
Available on Request

Gross Profit Margin

Accounts Available
1 Years

Further Details
Premises Licence
The premises has a licence to sell alcohol till 11pm

1 full time and 1 part time employee

Employee Information
Awaiting Further Information

Commissions on Services
Currently around £50 per month

Stock Value Estimated
Approx £25-30,000

Trading Hours
Monday – Friday 7:30am – 9:00 pm
Saturday 7:30am – 9:00 pm
Sunday 8:00am – 9:00 pm

Ground Floor
Retail Area 150 m² (1615 ft²)
Storeroom 39 m² (420 ft²) with rear access

Upper Floor
Not Applicable

Key Features
•  New 15 year lease available

•  No direct competition

•  Business newly established

•  Large retail & stockroom area

•  Lottery & Paypoint

•  EPOS till system & CCTV

Situated near a housing estate in Hazlerigg near Wideopen, a suburb of Newcastle upon Tyne, United Kingdom.
Location on Map

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Convenience Off Licence & 5 Bed Flat 5704