REF 5762

Post Office, Convenience & Off Licence / Sales £18,500

Sunderland

Location

The property is in a prime location within a residential area of Sunderland on South Tyneside. Located towards the city and in close proximity to the A19 motorway the business is nearby local amenities. Parking is available outside the shop.

Business

This Nisa Local branded business has been trading for over 30 years and has built a strong customer base together with good passing trade. The trading area is exceptionally well merchandised having had a full re-fit in 2015. Well laid out with a wide selection of alcohol, grocery & confectionery lines this is a one stop shop for many customers. The counter area has Post Office, Lottery and a good range of cigarettes & tobacco. The shop boasts strong sales circa. £18,500 per week with additional commissions of £11,000 from the Post Office and a further £7,500 Lottery commissions per annum.

The business is currently operated by the owner with an additional 3 contracted members of staff. The current leaseholder has no ties with Nisa, therefor any new purchaser would have the option to sign up to a new scheme.

Shop Dimensions

Trading Area 95.6m² (1,028f²)
Stockroom Area 37m² (398f²)

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

£180,000

Tenure

Leasehold

Gross Annual Income

£962,000

Annual Rent

£17,000

Rateable Value*

£5,600

* (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

Premises Licence
The business is licensed to sell alcohol from 6:00am to 11:00pm

Post Office Commissions
Circa. £11,000 per annum

Commissions on Services
Lottery circa. £7,500 per annum

Staff Employed
Currently 3 contracted staff

Stock Value
Approx. £35,000-£40,000

Trading Hours
Monday - Sunday 6:00am - 9:00pm

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