Convenience Store & Off Licence in Newcastle upon Tyne
Newcastle upon Tyne
A good opportunity to purchase a well established business on a main street in a suburb of Newcastle upon Tyne. This recently developed and re-fitted site resides at the heart of a newly proposed residential development area consisting of 580 houses and a local school.
The shop is re-fitted to an exceptionally high standard with fully fitted wood effect counter, 3.75m closed door fitted coolers, LED lighting, high gloss tiled floor and modern fixtures & fittings. Ancillary areas include a sizeable stockroom area and W.C.
Sales are mainly generated from off licence, drinks & confectionery with tobacco sales lower than average at around 25%. Services provided include Lottery & PayPoint with an internal ATM on site. There is opportunity to increase sales through extending the opening hours and self management thus reducing staff hours.
Fixtures & Fittings included are 2 x 3.8 m & 1 x 3 m drinks chiller, 1m Ice Cream Freezer & 1.3m Freezer.
The business is currently fully staff run. There is a genuine reason for sale as the owner is now dedicated to commitments elsewhere.
Business Council Rates
Fixtures & Fittings Value
Annual Net Profit
Available on Request
Gross Profit Margin
18 years remaining
The premises has an alcohol licence
4 contracted & 1 non contracted Staff
Commissions on Services
Available on Request
Stock Value Estimated
Monday – Sunday 7am – 9pm
Retail Area 80.2 m² (864 ft²)
Storerooms Total 26.7m² (287 ft²)
• New residential development due in 2019
• Profitable CTN & Off Licence Business
• High Specification Re-fitted Trading Area
• Opportunity to increase sales
Located on a main road within a row of other businesses in a suburban area of Newcastle upon Tyne.
Location on Map
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