REF 5795

High Turnover Convenience Store & Off Licence

Newcastle upon Tyne

The Location

Situated on the high street of Wallsend, Newcastle upon Tyne. A town in the metropolitan borough of North Tyneside in the county of Tyne and Wear, North East England

The Business

This is a very well established Convenience Store & Off Licence which benefits from local and passing trade. The shop has a steady and reliable income from shop sales with additional income from lottery and Paypoint commissions. The business is currently owner run and could be developed by opening earlier or closing beyond the current 9:00pm closing time.

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

£120,000

Tenure

Leasehold

Gross Annual Income

£806,000

Annual Rent

£10,320

Rateable Value*

£4,750

* (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 Sunday 10:00am - 9:00pm

Premises Licence
Licensed to sell alcohol Monday to Saturday 8:00am - 11:00pm
Sunday 10:00am - 10:30pm

Commission on Services
Lottery/Paypoint circa. £600 monthly

Staff Employed
Family run with 1 part time member of staff

Stock Value
Approx. £35,000

Lease Terms
15 year lease renewable 2026

Cigs/Tobacco % Sales
Cigs/Tobacco are approx. 35% of overall sales

Measurements
Shop Trading Area: 71.6m² (770ft²)
Stockroom Area 1: 32.5m² (350ft²) Area 2: 8.1m² (87ft²), Area 3: 7.3m² (78ft²)

Share

Search for a Business