Convenience, Off Licence & Post Office with Accommodation Available
Well presented convenience, off licence & post office business situated in a dense residential area in Swalwell, Gateshead.
A very attractive leasehold business with a newly acquired post office with good strong weekly sales. The business currently trades as Lifestyle Express and is presented to a very good standard. It is heavily relied upon by the local community and is in a strong trading position with plenty of passing trade. The store runs as a convenience store, off licence and has just introduced a post office. Other services include National Lottery and Pay Point.
Good commissions on lottery, internal cash machine and post office salary. The business is run by the owner and currently employs 5 part-time staff. A more hands on approach from a new owner/operator could decrease the staff wage bill and increase profitability. Post office salary has been estimated around £20,000.
The shop floor is refitted to a good standard with 2 x 4m drinks chillers and chest freezers and electric shutters.. Ancillary areas include a good sized stockroom, kitchen & W.C . Owner has a genuine reason for sale.
Please contact us for further information on the accommodation options.
Trading Area 850 m² ( 914.6 f²)
Stockroom Area 200m² (215.2f²)
Post Office Salary
Business Rent Annually
Current rateable value £11,250
(Business rates relief available please see below *)
Fixtures & Fittings Approximate Value
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 is renewable and expires 04/07/21
Owner and 5 non contracted employees
Commissions on Services
Available on Request
Stock Value Estimated
Monday – Saturday 7:00 am -9:30pm
Sunday 8:00 am – 9:30 pm
• Weekly sales £10,000
• Optional 2 bedroom accommodation
• Well established business
• Good weekly commissions
• New post office introduced
The property is located in Gateshead, Tyne and Wear. The business is on a main road with bus stops, a park and residential area nearby and close to local amenities.
Google Map Location
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