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Convenience Store & Off Licence

South Shields

LEASEHOLD £19,950 (Ref 5731)

Description

A long established convenience & off licence business is now for sale in South Shields for a very competitive introductory market price. This Premier branded business is extremely well located on a busy street alongside other businesses within a suburban area.

Business

The business has a loyal local customer base with a regular weekly income of £6,000 and exceptionally attractive rent of £150 per week. Benefits include a prime location with free parking spaces directly outside of the shop and easy front access for deliveries. The asking price includes goodwill and fixtures & fittings.

The ground level trading area is well merchandised and well equipped with security shutters to the front and rear. The shop floor leads to ancillary area consisting of W.C. and a small stockroom. Inclusive F&Fs consist of  2 display gondolas, a large 3.75m drinks chiller and 2 chest freezers, modern shelving system and CCTV. A new owner could capitalise on the potential of this business and increase sales by better understanding the local customers’ needs. The closing time is currently 9pm but could be extended to take full advantage of the premises licence.

This business would suit an independent trader and has been suitably priced to appeal to potential buyers. It is currently operated by the owner and 2 members of staff. The sale of the business is due to retirement. A new lease will be available.

Shop Dimensions

Trading Area: 53.4 m² (575 ft²)
Ancillary Area: 10.6 m² (114 ft²)

Financial Information

Leasehold Price
£19,950

Weekly Sales
£6,200

Business Annual Rent
£7,800

Business Rates
Current rateable value £4,100
(Business rates relief available please see below *)

Fixtures & Fittings
Included

Accounts Available
2 years

Annual Net Profit
Available on Request

Gross Profit Margin
16 %

* (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
2 non contracted 

Commissions on Services Annual
Available on Request

Stock Value Estimated
£12,500

Trading Hours
Monday – Saturday 8:00 am – 9:00 pm
Sunday 8:00 am – 9:00 pm

Key Features

• Very low rent

• Well established business

• Good location beside other businesses

• Potential to increase sales

Location

The business located in South Shields in South Tyneside. The shop is situated on a busy street with good passing trade within a well populated residential area.

Google Map 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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Business Sales Ref 5731