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Convenience Store & Off Licence

Hebburn, Tyne & Wear

LEASEHOLD £24,950 (Ref 5749)

Description

A council lease convenience & off licence business located in Hebburn, Tyne and Wear situated within a residential area with no direct competition. 

Business

This long established business is within a residential area in Hebburn nr Jarrow close to public transport links and recreational institutions . The shop benefits from being central to a residential area within a hub of other small businesses, with ample car parking outside and no direct competition.

The business has a generous sized shop floor with open plan trading area. Well equipped with modern shelving system. Fixtures & fittings include a 3 x 1.2m double door drinks chiller and 2m open chiller, 2.5 m chest freezer and 2 ice cream freezers. The business has services which include National Lottery, Paypoint and CCTV. Ancillary areas include stockroom and W.C. with a back door for rear delivery access.

Our client is selling to look for a new business opportunity. With some development, expenditure and promotion we are advised that the current business has got potential to increase the sales further.

The council lease is due to expire in 2021 and is renewable on terms of 5 or 10 years.

Shop Dimensions

Trading Area: 92.5 m² (996 ft²)
Stockroom Area: 44 m² (474 ft²) 

Financial Information

Leasehold Price
£24,950

Weekly Sales
£5,500

Annual Business Rent
£6,000

Business Rates
Current rateable value £5,500
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£5,000

Accounts Available
2 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 Terms
Council lease expiring in 2021 and is renewable on terms of 5 or 10 years

Employees
1 non contracted member of staff  

Commissions on Services
Available on Request

Stock Value Estimated
£10,000

Trading Hours
Monday – Friday 8:15 am – 8:30 pm
Saturday 10:00 am – 8:30 pm
Sunday 10:30 am – 1:00 pm & 5:00 pm – 8:30pm

Key Features

• Low rent

• Located in a residential area

• Fully fitted business

• Car parking outside the shop

• Opportunity to develop business

Location

The business is located within a residential area in Hebburn near Jarrow. It is close to public transport and recreational institutions with car parking outside. The shop benefits from being central to a residential area without direct competition.

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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Business Sales Ref 5749