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Convenience Store & Off Licence

Newcastle upon Tyne

£134,950 Leasehold

Financial Information

Leasehold Price
£134,950

Weekly Sales
£16,000

Annual Sales
£852,000

Annual Business Rent
£14,000

Council Rates
Current rateable value £6,400
(Business rates relief available please see below *)

Fixtures & Fittings Estimated Value
Available on Request

Annual Net Profit
Available on Request

Gross Profit Margin
28%

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

Business Description

Profitable Costcutter Convenience Store & Off Licence in Newcastle upon Tyne. The shop is situated on a busy high street alongside other businesses and benefits from a firm customer base and strong yearly turnover. The densely merchandised trading area is 860ft² with 2 central gondolas. Fixtures &fitting’s include 2m and 3.8m wine chillers, 2 x 1.8m drinks chillers & 2.3m freezer. The business has EPOS till system, Lottery & PayPoint and internal cash machine. The business is mainly self run and the current owner is selling due to other commitments.

Further Details

Premises Licence
The premises has a licence to sell alcohol

Employees
1 full time and 1 part time employee

Employee Information
Non contracted staff

Commissions on Services
Available on Request

Stock Value Estimated
Approx £25-30,000

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

Ground Floor
Retail Area 80 m² (860ft²)
Storerooms 28.5 m² (307 ft²) with rear access

Key Features

•  High turnover business

•  25 year lease

•  Busy location

•  Lottery & Paypoint

•  CCTV System

Location

Located on a busy street in an eastern suburban area of Newcastle upon Tyne in the North of England. 

Location on Map

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Convenience Off Licence Ref. 5710