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Convenience Store & Off Licence (optional 3 bed accommodation)

Newcastle upon Tyne

LEASEHOLD £119,950 (Ref 5732)

Description

We offer to the market a very well established convenience & off licence business for sale. The business is well positioned on a road junction within a residential area in a suburb of Newcastle upon Tyne. We are advised this is a very profitable business with strong consistent weekly sales of £12,500.

Business

The ground level comprises of a good sized open plan trading area with modern non slip porcelain tiled floor, suspended ceiling with LED light panels and fitted air conditioning unit. This shop has been re-fitted to a very high standard and comes with modern F&Fs which include, 2 x 3.75m fitted chiller units, 1 x 2m upright fitted freezer, modern shelving throughout, 2 display gondolas, a bean to cup coffee machine and a slush dispenser. A high end custom made counter with drawers for Tobacco and 2 EPOS tills. The business further benefits from an internal cash machine, Lottery & Pay Point with Collect+, CCTV, electric shutters and a good sized stockroom.

Prime location with no direct competition and car parking outside the shop. The business has been in the same ownership for 37 years and is currently operated by the owner and family members with one member of staff working within the business. The owners’ reason for sale is partly retirement and that they do not have enough time to spend on the business due to other commitments.

A new 15-20 year lease is available.

Accommodation (optional)

There is the option to rent a 3 bedroom accommodation above the business. Please contact us for further information on the accommodation details.

Shop Dimensions

Trading Area: 80.3 m² (864 ft²)
Stockroom Area: 35 m² (376 ft²) 

Financial Information

Leasehold Price
£119,950

Weekly Sales
£12,500

Business Annual Rent
£15,600

Business Rates
Current rateable value £1,575
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£25,000

Accounts Available
3 years

Annual Net Profit
Available on Request

Gross Profit Margin
Available on Request

* (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
1 non contracted member of staff  

Commissions on Services
Available on Request

Stock Value Estimated
£25,000

Trading Hours
Monday – Saturday 9:00 am – 10:00 pm
Sunday 10:00 am – 10:00 pm

Key Features

• Profitable business

• Excellent location with no direct competition

• Established for 40 years

• Newly refitted shop floor

• Optional 3 bedroom accommodation

Location

The business located in a suburb of Newcastle in Tyne & Wear. The shop is situated on a street corner within a well populated residential area with a regular customer base and passing trade.

Google Map Location

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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.

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Business Sales Ref 5732