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Convenience Store & Off Licence

Newcastle upon Tyne

LEASEHOLD £14,950 (Ref 5737)

Description

We are pleased to offer the opportunity to purchase the leasehold for a Londis branded Convenience Store & Off Licence business offering a wide range of convenience goods with a solarium featuring two sunbeds attached.

Business

The business benefits from a good location within a shopping centre in the heart of a dense residential area. The trading area has been refitted to a very high standard and symbol group branded. Shop floor fixtures & fittings 3 x 2.5m chillers, a 2m and 1.5m standing freezer are all included within the asking price . Ancillary areas include generous stock room space to the rear with an additional office area and W.C. The shop has a good online presence and regular advertising in the local paper.

Further features of the business include commissions from services such as lottery & pay point, home news delivery, parcel drop-off and an internal cash machine. There is a self contained solarium to the rear of the shop with sunbed units which contribute towards the weekly income. A good sized car park is situated at the front of the shop and delivery access to the rear.

There is the opportunity for a new owner to further develop the business and capitalise on its location and lack of direct competition. 

Shop Dimensions

Shop Trading Area: 71.4 m² (768 ft²)
Stockroom Area: 35.1 m² (378 ft²) 

Financial Information

Leasehold Price
£14,950

Weekly Sales
£5,000

Annual Business Rent
£15,000 + VAT

Business Rates
Current rateable value £13,750
(Business rates relief available please see below *)

Service Charge
£1,321 + VAT

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

Current Lease Term
Lease expiration 25/03/20. Renewable term

Employees
2 part-time employees

Commissions on Services
Available on request

Stock Value Estimated
£15,000

Trading Hours
Monday – Saturday 8:00 pm – 8:30 pm
Sunday 9:00 pm – 8:00 pm

Key Features

• Good shopping centre location

• Fully re-fitted business

• Ample car parking spaces

• EPOS till system

Location

Kenton is a suburb in the north west of Newcastle upon Tyne with close road links to Newcastle airport and public transport nearby. Kenton Park Shopping Centre is within a residential area renovated in 2014 serving the local community with a number or shops, services parking facility and public transport links.

Google Map Location

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Sales £10,000 PW

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Takeaway & 5 Bed Property

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Gross profit 45-50%

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Profitable Convenience Store

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Sales £16,000 PW

Annual Rent £14,000

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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 5737