CALL 01904 867175

Convenience Store & Off Licence

Gateshead, South Tyneside

£155,000 Leasehold (Ref 5709)

Business Description

Very well established Convenience & Off Licence business in the heart of a residential area in a suburb of Gateshead . We are advised this is a profitable business with good steady sales and commissions generated from its regular customer base. Well merchandised with 2 x 2.6m and 1 x 3.7m integrated coolers and 2.1m freezer all which include electricity saving eco step-down transformers. Features include EPOS till system, fully managed internal ATM (no-Fill), Lottery, Payzone & CCTV. Tobacco sales are only 25% approximately of the overall sales. Opening times could be extended by a new owner and profitability increased if run hands-on as the business is mainly staff run. Business owner is now selling due to other commitments.

Financial Information

Leasehold Price
£155,000

Lease Expiration
Available on request

Weekly Sales
Available on Request

Annual Sales
£728,000

Annual Business Rent
£7,200

Council Rates
Current rateable value £6,500
(Business rates relief available please see below *)

Annual Net Profit
Available on Request

Gross Profit Margin
23%

Accounts Available
3 Years

* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) Click here for more information

Further Details

Premises Licence
The premises has a licence to sell alcohol

Employees
3 part time employees

Employee Information
80 staff hours per week
Staff wages £500 per week

Commissions
High cash machine commissions 
High lottery commissions

Stock Value Estimated
Available on Request

Trading Hours
Monday – Friday 6:00am – 8:00pm
Saturday 6:30am – 8:00pm
Sunday 7:00am-1:00pm and 5:00pm-7:30pm

Ground Floor
Trading Area 77.5 m² (834.2 ft²)
Stockrooms 30 m² (322.9 ft²) with rear access

Key Features

• Current owner since 1970  

•  Low council rent £7,200

•  Business established over 48 yrs

•  No direct competition

•  Tobacco sales approx 25%

•  Commissions from fully managed (no-Fill) ATM

Location

Well situated in Wardley within a dense residential housing area with no direct competition in a suburb of Gateshead near Newcastle upon Tyne.

Location on Map

Arrange a viewing or contact us for more information

Please call us on 01904 867175 for more information on this or any other business or alternatively fill in our enquiry form below.

Business Enquiry Form

Please enter your details below and we will contact you with more information or to arrange a viewing

Convenience Off Licence in Gateshead 5709