Convenience Store & Newsagent
North Shields, Tyne & Wear
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.
Annual Business Rent
Current rateable value £8,300
(Business rates relief available please see below *)
Fixtures & Fittings Value
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
14 years remaining
Currently no off licence
Commissions on Services
£1,000 per month
Stock Value Estimated
Monday – Thursday 7:00 am – 6:00 pm
Friday – Saturday 6:00 am – 6:00 pm
Sunday 7:00 am – 3:00 pm
Retail Area 38.5 m² (415 ft²)
Storerooms Total 10.7 m² (118 ft²)
• 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
Similar Businesses for Sale
Please call us on 01904 867175 for more information on these or any other businesses
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