Convenience Store & Off Licence in Newcastle upon Tyne City Centre
Newcastle upon Tyne
A well established Off Licence, Confectioner & Tobacconist in a prime central location in Newcastle upon Tyne city centre.
Situated just off Westgate Road, there is good passing trade from local workers, commuters, students and tourists. A catchment zone for Newcastle central station, university & “Centre for Life” along with many local bars and eateries. Business has a 24 hour premises licence but currently operates between 11am-11pm. The nearest competitor closes earlier. Option to introduce Lottery, PayPoint, E-Lighters, Newspapers & Magazines to increase footfall.
Shop currently operating on a gross profit of around 30%. Higher priced on all goods due to its location. Cigarettes making around 20% margin.
Shop’s fixtures and fittings of approx £20k this includes 2 x 2m drinks chillers and a 1m freezer. Shop is fitted to a high standard with new shelving, CCTV, EPOS till system included. Stockroom area downstairs is the same size as the trading area.
The business is currently fully staff run. The reason for sale is the owner is selling due to other commitments.
Business Council Rates
Current rateable value £6,600
(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
23 years remaining
The premises has a 24 hour alcohol licence
3 part time non-contracted Staff
Commissions on Services
Stock Value Estimated
Monday – Saturday 11am – 11pm
Sunday 11am – 10:30pm
Retail Area 24.6 m² (265 ft²)
Storerooms Total 25.8 m² (278 ft²)
• Prime City Centre Location
• Profitable Business around 30% GP
• Well Fitted & Merchandised Trading Area
• Established for over 100 years
• Opportunity to increase sales
Located in the heart of Newcastle upon Tyne city centre surrounded by hotels, hostels, bars, restaurants and with close proximity to the “Centre for Life”, the university and Newcastle central train station nearby.
Location on Map
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