REF 5830

Convenience & Off Licence Store

Newcastle upon Tyne

Location

This business is located within a dense residential location in Newcastle upon Tyne, 3 miles from the city centre.

Business

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.

On-Site Services

Lottery & Paypoint
Deliveroo

Fixtures & Fittings

3.7m Closed chiller
1.8m Open chiller
3m Closed door chiller
0.7m Upright closed door freezer

Staff Employed

No staff to be transferred under TUPE regulations

Trading Hours

Monday to Sunday 8:00am-9:00pm

Premises Licence

Monday to Sunday 8:00am-11:00pm

Property Type

A1 Retail

Lease Terms

25 year lease with 7 and a half years remaining

Tenure

Leasehold

Retail Measurements

Ground Floor
Retail zone 73.13m² (787ft²)

Total 73.13m² (787ft²)

Notice

All information provided is subject to the standard terms and conditions of A1 Businesses Ltd. (trading as A1 Businesses for Sale).

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 Rent
£7,200

Rates
There are no additional rates

Commissions on Services
Lottery Commissions circa. £50 per week

Gross Annual Income
£364,000

Deliveroo Sales
Monthly Deliveroo sales circa. £800

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

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