REF 5783

Local Convenience & Off Licence Store

South Shields

Location

The business is located in a suburb of South Shields, Tyne & Wear. Full details coming soon.

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 family. The business has no additional services such as lottery and PayPoint. Full details coming soon.

Opportunity

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

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

£59,950

Tenure

Leasehold

Gross Annual Income

£468,000

Annual Rent

£11,000

Rateable Value*

£3,600

* (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

Trading Hours
Monday to Saturday 7:30am-11:00pm

Premises Licence
Licensed to sell alcohol 8:00am to 11:00pm

Shop Measurements
Shop Trading Area: 44.2m² (475ft²)
Stockroom Area: 9.5m² (102ft²)

Staff Employed
Owner and 2 non contracted staff

Estimated Stock Value
£20,000 Wholesale Value

Lease Terms
No current lease in place. Available 10 year option

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