REF 5732

High Sales Convenience & Off Licence Well Refitted

Newcastle upon Tyne

We offer to the market a very well established convenience & off licence business for sale. The business is well positioned on a road junction within a residential area in a suburb of Newcastle upon Tyne. We are advised this is a very profitable business with strong consistent weekly sales.

Business

The ground level comprises of a good sized open plan trading area with modern non slip porcelain tiled floor, suspended ceiling with LED light panels and fitted air conditioning unit. This shop has been re-fitted to a very high standard and comes with modern F&Fs which include, 2 x 3.75m fitted chiller units, 1 x 2m upright fitted freezer, modern shelving throughout, 2 display gondolas, a bean to cup coffee machine and a slush dispenser. A high end custom made counter with drawers for Tobacco and 2 EPOS tills. The business further benefits from an internal cash machine, Lottery & Pay Point with Collect+, CCTV, electric shutters and a good sized stockroom.

Prime location with no direct competition and car parking outside the shop. The business has been in the same ownership for 37 years and is currently operated by the owner and family members with one member of staff working within the business. The owners’ reason for sale is partly retirement and that they do not have enough time to spend on the business due to other commitments.

A new 15-20 year lease is available.

Accommodation (optional)

There is the option to rent a 3 bedroom accommodation above the business. Please contact us for further information on the accommodation details.

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

£99,950

Tenure

Leasehold

Gross Annual Income

£650,000

Annual Rent

£15,600

Rateable Value*

£1,575

* (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

Shop Dimensions
Trading Area: 80.3 m² (864 ft²)
Stockroom Area: 35 m² (376 ft²)

Trading Hours
Monday – Saturday 9:00 am – 10:00 pm
Sunday 10:00 am – 10:00 pm

Employees
1 non contracted member of staff

Stock Value
£25,000 Estimated

Lease Terms
New lease available on application

Fixtures & Fittings Approximate Value
£25,000

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