REF 5754

Convenience & Off Licence For Sale in South Shields

South Shields

Location

Popular convenience & off licence store located in a residential area on a main road on Boldon Lane, South Shields with parking spaces and a bus stop outside the shop.

Business

This well established business is a popular choice with local customers with good passing trade and no direct competition. The trading area is well re-fitted to a very good standard. 2 large 3.75m drinks chillers, a 2m chiller, standing chiller, a 2m chest freezer and 1.2m standing freezer. The store stocks a good range of convenience goods, chilled soft drinks, alcohol, frozen foods, newspapers and magazines.

The business makes commission from Pay Zone and DHL Parcels. Further revenue includes Lottery & Pay Point.

The business is well established and currently run by the owner and family. The business could be developed by extending the opening hours based on the current premises licence hours between 7am and 11:30pm and by spending more time running the business.

Shop Measurements

Trading Area 69.5m² (748ft²)
Stockroom Area 35.5m² (382ft²)

Price

£55,000

Tenure

Leasehold

Gross Annual Income

£400,000

Annual Rent

£14,000

Rateable Value*

£11,500

* (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
£250 monthly estimated

Lease Information
5 year lease expires in 02/05/2023

Premises Licence
Licensing hours from 7:00am to 11:30pm

Staff Employed
This is an owner run business

Stock Value
£20,000 Estimated

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

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