REF 5720

SALE AGREED – Well Re-fitted Convenience Store & Off Licence

Newcastle upon Tyne

Location

Located on a main road within a row of other businesses in a suburban area of Newcastle upon Tyne.

Business

A good opportunity to purchase a well established business on a main street in a suburb of Newcastle upon Tyne. Sales are mainly generated from off licence, drinks & confectionery with tobacco sales lower than average at around 25%. Services provided include Lottery & PayPoint with an internal ATM on site. Fixtures & Fittings included are 2×3.8m & 3m drinks chiller, 1m Ice Cream Freezer & 1.3m Freezer.

The shop is re-fitted to an exceptionally high standard with fully fitted wood effect counter, 3.75m closed door fitted coolers, LED lighting, high gloss tiled floor and modern fixtures & fittings. Ancillary areas include a sizeable stockroom area and W.C.

This recently developed and re-fitted site resides at the heart of a newly proposed residential development area consisting of 580 houses and a local school. There is opportunity to increase sales through extending the opening hours and self management thus reducing staff hours.

The business is currently fully staff run. There is a genuine reason for sale as the owner is now dedicated to commitments elsewhere.

Shop Measurements

Retail Area 80.2m² (864 ft²)
Storerooms Total 26.7m² (287 ft²)

All information provided is subject to the standard terms and conditions of A1 Businesses Ltd. (trading as A1 Businesses for Sale). See our disclaimer page for more details.

Viewings

Any viewings for the business and/or property are to be made strictly by appointment only through A1 Businesses for Sale. No approach should be made directly to the owner or any of their employees.

Price

£79,950

Tenure

Leasehold

Gross Annual Income

£572,000

Annual Rent

£13,000

Rateable Value*

£4,700

* (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

Commissions on Services
Available on Request

Lease Information
18 years remaining

Premises Licence
Yes

Staff
4 contracted & 1 non contracted employees

Stock Value
£25,000

Trading Hours
Monday – Sunday 7am – 9pm

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