REF 5731

Convenience Store & Off Licence

South Shields

Location
The business located in South Shields in South Tyneside. The shop is situated on a busy street with good passing trade within a well populated residential area.

Business
A long established convenience & off licence business is now for sale in South Shields for a very competitive introductory market price. This Premier branded business is extremely well located on a busy street alongside other businesses within a suburban area.

The business has a loyal local customer base with a regular weekly income of £6,000 and exceptionally attractive rent of £150 per week. Benefits include a prime location with free parking spaces directly outside of the shop and easy front access for deliveries. The asking price includes goodwill and fixtures & fittings.

The ground level trading area is well merchandised and well equipped with security shutters to the front and rear. The shop floor leads to ancillary area consisting of W.C. and a small stockroom. Inclusive F&Fs consist of 2 display gondolas, a large 3.75m drinks chiller and 2 chest freezers, modern shelving system and CCTV. A new owner could capitalise on the potential of this business and increase sales by better understanding the local customers’ needs. The closing time is currently 9pm but could be extended to take full advantage of the premises licence.

This business would suit an independent trader and has been suitably priced to appeal to potential buyers. It is currently operated by the owner and 2 members of staff. The sale of the business is due to retirement. A new lease will be available.

Shop Dimensions
Trading Area: 53.4 m² (575 ft²)
Ancillary Area: 10.6 m² (114 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

£19,950

Tenure

Leasehold

Gross Annual Income

£322,400

Annual Rent

£7,800

Rateable Value*

£4,100

* (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
Available on Request

Premises Licence
Yes

Staff
2 non contracted

Stock Value
£12,000

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

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