REF 5770

High Spec Re-fit Convenience Store

North Shields

Location

Excellent location on the main trunk road running between Tynemouth and North Shields within a dense residential area and no direct competition. There are parking facilities available immediately in front of the shop and a local bus line running on the main road with a bus stop outside the business.

Business

This Premier branded premise has a new high specification refit, including CCTV and EPOS till system. The shop trading area comes complete with in-built fridges, freezers and central display gondolas. Services include Lottery & Paypoint. There is a Premier Deli on the premises offering coffee, hot dog and slush. A new owner could have the option to introduce other services such as parcel collection/drop-off service. This is family run business that currently employs one part-time member of staff. F&Fs are included in the asking price.

Opportunity

An excellent opportunity to acquire a popular business that keeps up with modern trends and with scope to increase revenue under the right management. The sale is due to owners lack of available time commitment. Viewings are highly recommended.

Shop Measurements

Shop Trading Area: 91.4m² (983ft²)
Stockroom Area & Office: 94.9m² (1,021ft²)
Staff toilets: 3.1m² (33ft²)

Notice

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

£89,995

Tenure

Leasehold

Gross Annual Income

£546,000

Annual Rent

£16,200

Rateable Value*

£13,516

* (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
Monday - Sunday 7am to 10pm

Lease Terms
New lease available

Stock Value Approx
£20,000

Staff Employed
1 part time member of staff

Trading Hours
Monday - Sunday 8am to 8pm

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