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Convenience Store & Off Licence

Jesmond, Newcastle upon Tyne

LEASEHOLD £29,995 (Ref 5733)

Description

We are pleased to offer to the market an opportunity to acquire a new lease for a convenience store and off licence business currently trading in a prime location within the heart of Jesmond, the most affluent suburb of Newcastle upon Tyne.

Business

The business is situated on a street corner within a principal residential area of Jesmond and interspersed amongst other local businesses such as shops and cafes. The location is easy walking distance to local amenities and is within close proximity to the metro station. A new owner could use this to their benefit to develop the current business or to introduce a new trade on the premises.

The business comes fully fitted but is currently underperforming due to restricted opening hours and limited staff. The shop floor ground level currently comprises of an open plan trading area with modern F&Fs including a 4m chiller unit, 3m chest freezer, a filter coffee machine and modern shelving system. Ancillary areas include stockroom space to the rear with W.C. upstairs and large cellar space beneath the shop floor. There is the facility for car parking outside the premises for non residents but restrictions apply. 

This location offers the potential and opportunity for a new owner to come in and develop the current business or start a new business within a different classification. Please call us for further details.

Shop Dimensions

Trading Area: 45.2 m² (486 ft²)
Stockroom Area: 5.6 m² (60 ft²) 

Financial Information

Leasehold Price
£29,995

Weekly Sales
£2,500

Business Annual Rent
£12,000

Business Rates
Current rateable value £5,200
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£10,000

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
£7,500

Trading Hours
Monday – Saturday 3:00 pm – 9:00 pm
Sunday 6:00 pm – 10:00 pm

Key Features

• Commercial opportunity

• Excellent location

• Fully fitted business

• Car parking outside the premises

• Cellar space beneath shop floor

Location

The business located in Jesmond, one of the most affluent residential suburbs of Newcastle upon Tyne. The shop is situated within a principal residential area and dominated by shops and cafes within close proximity to the metro station. 

Google Map Location

Convenience Store

Palmersville (Ref 5748)

Sales £7,000 PW

Rent £14,400

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Convenience Store & Post Office

Gateshead (Ref 5747)

Sales £10,000 PW

Rent £9,750

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Takeaway & 5 Bed Property

Durham (Ref 5745) 

Sales £4,500 PW

Gross profit 45-50%

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Profitable Convenience Store

Newcastle (Ref 5710)

Sales £16,000 PW

Annual Rent £14,000

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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 5733