Convenience & Off Licence Store
Newcastle upon Tyne
This business is located within a dense residential location in Newcastle upon Tyne, 3 miles from the city centre.
This impressively presented business is fully equipped for the sale of grocery, frozen and chilled products, cigarettes, confectionery and off licence goods. Installed within the premises is a high quality CCTV system with monitors installed on the shop floor. To the front of the store customer parking is available for convenience and ease of access.
Within the dense residential area there is no direct competition and we have been informed that the nearest stores close at 9:00pm, this creates a unique opportunity to extend the current trading hours to accommodate the premises licence.
We have also been advised by the vendor that the cigarette sales make up 17% of weekly sales and the minimum gross profit margin is 30%. Newspaper and ATM services can also be introduced.
The store was opened in November 2021 with projected sales for the end of the year being £10,000 per week. The vendor is now wishing to relocate abroad, hence the reason for sale.
Lottery & Paypoint
Fixtures & Fittings
3.7m Closed chiller
1.8m Open chiller
3m Closed door chiller
0.7m Upright closed door freezer
No staff to be transferred under TUPE regulations
Monday to Sunday 8:00am-9:00pm
Monday to Sunday 8:00am-11:00pm
25 year lease with 7 and a half years remaining
Retail zone 73.13m² (787ft²)
Total 73.13m² (787ft²)
All information provided is subject to the standard terms and conditions of A1 Businesses Ltd. (trading as A1 Businesses for Sale).
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.
There are no additional rates
Commissions on Services
Lottery Commissions circa. £50 per week
Gross Annual Income
Monthly Deliveroo sales circa. £800
* (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