Convenience Store & Off Licence
Newcastle upon Tyne
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.
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 Trading Area: 71.4 m² (768 ft²)
Stockroom Area: 35.1 m² (378 ft²)
Annual Business Rent
£15,000 + VAT
Current rateable value £13,750
(Business rates relief available please see below *)
£1,321 + VAT
Annual Net Profit
Available on Request
Gross Profit Margin
* (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
The premises has a licence to sell alcohol
Current Lease Term
Lease expiration 25/03/20. Renewable term
2 part-time employees
Commissions on Services
Available on request
Stock Value Estimated
Monday – Saturday 8:00 pm – 8:30 pm
Sunday 9:00 pm – 8:00 pm
• Good shopping centre location
• Fully re-fitted business
• Ample car parking spaces
• EPOS till system
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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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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