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Convenience Store & Off Licence

(Optional 2 Bed Accommodation)

South Shields

LEASEHOLD £17,500 (Ref 5729)

Description

Double fronted medium sized Convenience & Off Licence store in South Shields. The business has the option of a 2 bedroom accommodation above the shop. There is very low council rent applicable of £3,500 per year.

Business

Business established since 1980 and run by the current owner for 5 years. Weekly turnover offering further potential to increase in the right hands. The shop floor is extendable and has potential to increase sales through introducing services or further product lines, alternate use or earlier opening hours in the morning.

Trading area is medium sized open plan and leads to the stockrooms at the back with rear access for deliveries and W.C. Fixtures & fittings include 2 chest freezers, 1 x 3.75 m & 1 x 1 m drinks chillers all included in the price. Other features are modern shelving units, wooden floor, EPOS tills, CCTV and front security shutters.

The business is operated by the owners and a single member of staff. There is a genuine reason for sale as the current owner have other businesses and do not have the time to dedicate to the shop.

Accommodation

The shop comes with accommodation option of a 2 bedroom flat above the business. Please contact us for more information on this.

Shop Dimensions

Trading Area 36.1 m² (388.5 ft²)
Stockroom Area 22.18 m² (238.7 ft²) with rear access.

Financial Information

Leasehold Price
£17,500

Weekly Sales
£3,000

Business Annual Rent
£3,500

Accommodation Annual Rent
£4,800

Business Rates
Current rateable value £4,500
(Business rates relief available please see below *)

Fixtures & Fittings
£10,000

Accounts Available
3 years

Annual Net Profit
Available on Request

Gross Profit Margin
18 %

* ( 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

Premises Licence
The premises has a licence to sell alcohol 

Employees
Owner plus 1 non contracted staff

Commissions on Services
Available on Request

Stock Value Estimated
£7,500

Trading Hours
Monday – Sunday 11:00 am – 9:00 pm

Key Features

• Very Low Rent

• 2 Bedroom property

• Potential for alternative use

• Well established business

Location

Located in South Shields in South Tyneside. The shop is in a dense residential area with a regular customer base.

Google Map Location

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Sales £7,500 PW

Prime Location

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2 Bedroom Property with Convenience Store & Off Licence

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3 Bedroom Property with Convenience Store & Off Licence

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Sales £3,500 PW

LEASEHOLD £17,500

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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

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Business Sales Ref 5729