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Convenience, Off Licence & Post Office with Accommodation Available

Gateshead

LEASEHOLD £74,950 (Ref 5747)

Description

Well presented convenience, off licence & post office business situated in a dense residential area in Swalwell, Gateshead.

Business

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.

Accommodation

Please contact us for further information on the accommodation options.

Shop Dimensions

Trading Area 850 m² ( 914.6 f²)
Stockroom Area 200m² (215.2f²)

Financial Information

Leasehold Price
£74,950

Weekly Sales
£10,000

Post Office Salary
£20,000 (est.)

Business Rent Annually
£9,750

Business Rates
Current rateable value £11,250
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£15,000

Accounts Available
3 years

Annual Net Profit
Available on request

Gross Profit Margin
20% 

* (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 

Lease Expiration
Current lease is renewable and expires 04/07/21

Employees
Owner and 5 non contracted employees

Commissions on Services
Available on Request

Stock Value Estimated
£30,000

Trading Hours
Monday – Saturday 7:00 am -9:30pm
Sunday 8:00 am – 9:30 pm

Key Features

• Weekly sales £10,000

• Optional 2 bedroom accommodation

• Well established business

• Good weekly commissions

• New post office introduced

Location

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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Sales £10,000 PW

Rent £9,750

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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 5744