REF 5823

Prime Location Convenience & Off Licence Store

Newcastle upon Tyne

Location

Located in the busy West End area of Newcastle upon Tyne and 3 miles from the city centre, this business resides amongst a large residential catchment area within close proximity to multiple colleges and St. James' Park football ground. Situated further along the street you will also find two hotels and a number of other businesses creating good footfall from residents and passing trade.

Business

This well established owner and staff run business incorporates an impressive use of space with its well stocked trading area. Stock items include grocery, frozen & chilled foods, confectionery, domestic goods and alcohol. Installed within the premises you will also find CCTV, air conditioning, ceramic tiled flooring and suspended ceiling with LED lighting.

To the front of the store customer parking is available for convenience and ease of access. Our client has owned this business for over 25 years making the shop well known to the surrounding residential area.

We are advised that weekly sales averaged £16,000 pre-pandemic but due to illness the owner has been unable to invest his time and full attention into the business, hence the reason for sale. This offers a unique opportunity for the purchaser to increase the sales of the business with their own time investment.

The Accommodation

There is the option to include the fully furnished four bedroom accommodation. Further details available on request.

Fixtures & Fittings

3.2m Open Standing Chiller
2.13m Closed Upright Freezer
5.6m Open alcohol Chiller
2.5m Open drinks Chiller

On-Site Services

Lottery, Payzone and External ATM machine

Staff Employed

No staff to be transferred under TUPE regulations

Trading Hours

Monday to Sunday 8am-10pm

Premises Licence Hours

Monday to Sunday 8am-11pm

Property Type

A1 Retail

Tenure

Leasehold

Retail Measurements

Ground Floor
Retail zone 72.16m² (777ft²)
Internal storage 58.23m² (627ft²)
Staff W/C 1.78m² (19ft²)

Total 132.17m² (1,423ft²)

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.

Annual Business Rent
£15,000

Commissions on Services
ATM services - £130 per month

Annual Accommodation Rent
£9,000

Stock Amount
£25,000 (Est.)

Gross Annual Income
£572,000

Rateable Value
£4,150

* (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

Share

Search for a Business