REF 5779

Profitable CTN Newsagent with Annual Commissions £18,000

Sunderland

Location

The business is located in a suburb of Sunderland, Tyne and Wear. It is situated on a busy main road that has a variety of shops and businesses, which results in a high volume of passing trade. This main road runs through a residential area so also sees reliable and returning customers. It is also within a short distance from a student village and both a primary and secondary school. The shop is easily accessible and has parking available at the front.

Business

This is a well established convenience store within a popular location and on a row of other businesses. The shop is currently being run by the owner and only one additional member of staff. The business offers additional services which include lottery and PayPoint with extremely good earnings on the commissions.

Fixtures and fittings are included within the sale which comprises of 1m standing chiller unit and a 3.5m open drink chiller, a EPOS PayZone Till System, integrated LED lighting and a suspended ceiling which gives a spacious feel to the trading area.

The reason for sale is due to the owner having other business commitments and this is an ideal opportunity for an individual or couple looking for a new starter business opportunity.

Please note this is not a convenience store and there is no currently no sale of alcohol.

Opportunity

There is the option to introduce off-licence to this shop since there is already a valid premises licence in place and it currently closes at 3pm should a new owner decide to extend these opening hours the sales could be increased beyond the current scope. There is a regular £500 monthly commission payment received from the external ATM cash machine.

There is currently no lease in place and thus offering an opportunity for a new lease with flexible terms.

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

£34,950

Tenure

Leasehold

Gross Annual Income

£364,000

Annual Rent

£10,400

Rateable Value*

£9,100

* (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

Trading Hours
Opening hours Monday to Saturday 5:00am-3:00pm, Sunday 5:00am-1:00pm

Premises Licence
Licensed Mon to Sat 8:00am - 11:00pm
Sunday 10:00am - 10:00pm

Staff Employed
Owner and 1 staff on 30 hours/week

Estimated Stock Value
£15,000

Commission on Services
ATM commissions £500/monthly
Lottery Commissions approx £1,000/monthly

Lease Terms
No lease in place. Option for 10 to 20 year lease

Audited Accounts
3 years available following an appointment

Shop Measurements
Shop Trading Area: 40.6m² (437ft²)
Stockroom Area: 29m² (312ft²)

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