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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
£84,950

Weekly Sales
£8,750

Annual Sales
£455,000

Weekly Business Rent 
£300

Annual Business Rent
£15,600

Council Rates
Zero Rateable

Fixtures & Fittings Estimated Value
£35,000

Annual Net Profit
Available on Request

Gross Profit Margin
20%

Accounts Available
1 Years

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

Employees
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

Location
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