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Convenience Store & Newsagent

North Shields, Tyne & Wear

£29,950 Leasehold (Ref 5714)


Business Description

A very well established newsagent, small convenience & tobacconist is for sale within a prime high street location in a busy town centre. A consistently high footfall show that this is a popular choice with local customers. We are advised that this is a very profitable business benefiting from low business rent & rates. Additional benefits include commissions on services of over £1,000 per month from Lottery & Paypoint.

A wide range of news & magazines along with specialist cigars & tobacco products are a unique selling point for the shop along with confectionery, drinks and snacks. There is significant room to develop the business by introducing off licence goods, a cash machine on the premises or extending the opening hours.

There are free car parking facilities within close walking distance. The shop is currently husband and wife run with no extra staff employed. We are advised that the sale is due to the owners’ other commitments.

Financial Information

Leasehold Price

Weekly Sales

Annual Business Rent

Council Rates
Current rateable value £8,300
(Business rates relief available please see below *)

Fixtures & Fittings Value

Accounts Available
1 Year

Annual Net Profit
Available on Request

Gross Profit Margin

* (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

Lease Terms
14 years remaining

Premises Licence
Currently no off licence


Commissions on Services
£1,000 per month

Stock Value Estimated

Trading Hours
Monday – Thursday 7:00 am – 6:00 pm
Friday – Saturday 6:00 am – 6:00 pm
Sunday 7:00 am – 3:00 pm

Ground Floor
Retail Area 38.5 m² (415 ft²)
Storerooms Total 10.7 m² (118 ft²)

Key Features

•  Low council rent of £7,000

•  Very high footfall

•  Prime town centre location

•  Free car parking nearby 

•  Specialist Tobacconist


The business has a prominent position in North Shields, a vibrant town centre with car parking facilities in Tyne & Wear.

Location on Map

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Convenience Store & Tobacconist Ref 5714