CALL 01904 867175

Convenience Store & Off Licence

Gateshead

£99,950 Leasehold (Ref 5723)

Business Description

A good opportunity to purchase a well established business on a main street in a suburb of Gateshead. 

The shop is well positioned within a dense residential area and benefits from exceptionally low rent of only £433 per month. The business operates on a good net profit of around 23% and offers very little in the way of low profit goods. Sales are mainly generated from off licence, drinks & confectionery with tobacco sales lower than average at around 25%. Services provided include Lottery & PayPoint. There is opportunity to increase sales through extending the opening hours. 

Fixtures & Fittings included are 1x 3.7 m and 1 x 2.5 m chiller, 1m ice cream freezer & 1.3m standing freezer.

The business is currently family run with 2 members of staff.  There is a genuine reason for sale as the owner has other commitments.

Financial Information

Leasehold Price
£99,950

Weekly Sales
£12,000

Annual Business Rent
£5,196

Business Council Rates
Current rateable value £2,750
(Business rates relief available please see below *)

Fixtures & Fittings Value
£25,000

Accounts Available
3 Years

Annual Net Profit
Available on Request

Gross Profit Margin
23 %

* ( 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
17 years remaining

Premises Licence
The premises has an alcohol licence

Employees
2 contracted staff

Commissions on Services
Available on Request

Stock Value Estimated
£17,500

Trading Hours
Monday – Saturday 7am – 9:30pm
Sunday 8am – 9:30pm

Ground Floor
Retail Area 44 m² (473 ft²)
Storerooms Total 21m² (221 ft²)

Key Features
•  Very Low Rent £433 per month

•  Profitable CTN & Off Licence Business

•  Well Re-fitted Trading Area

Location
Located in a densely populated area on a main road in a suburb of Gateshead.
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

Convenience Store & Off Licence Ref 5720