CALL 01904 867175

Convenience Store & Newsagent

North Shields, Tyne & Wear

£29,950 Leasehold (Ref 5714)

SOLD SUBJECT TO CONTRACT

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
£29,950

Weekly Sales
£8,000 

Annual Business Rent
£7,000 

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

Fixtures & Fittings Value
£10,000

Accounts Available
1 Year

Annual Net Profit
Available on Request

Gross Profit Margin
20%

* (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

Employees
None

Commissions on Services
£1,000 per month

Stock Value Estimated
£22,500

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

Location

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

Londis Convenience Store & Off Licence

Gateshead (Ref 5709)

£ Good Weekly Sales

more details »

Costcutter Convenience Store

Newcastle (Ref 5710)

£15,500 Weekly Sales

more details »

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 Store & Tobacconist Ref 5714