REF 5834

Convenience & Off Licence Store with 2 Bedroom Property

Newcastle upon Tyne

Location

This business is situated in a large residential area of Newcastle upon Tyne with no direct competition and within close proximity to local amenities.

Business

A well established convenience and off licence with a good weekly turnover and 2 bedroom accommodation. This well established business is fully equipped for the sale of general convenience goods, frozen and chilled products, cigarettes, confectionery and off licence goods. It has recently been fitted with new F&F's that include a 3.5m Fridge, 1.8m Chiller fridge, 1.8m Fridge and a 2m Drinks chiller.

This business has been established for 30 years with current ownership since 2008. This is a retirement sale providing a very good opportunity for a new owner.

This is a strictly confidential sale and under no circumstances should either the owner or staff be approached directly.

Please contact us for further information on the business.

On-Site Services

Lottery & Paypoint Services
Amazon, Ebay & Collect Plus
Internal ATM machine
Parcels (DHL & FedEx)

Staff Employed

No staff to be transferred with the business

Trading Hours

Monday to Saturday 7:00am-8:00pm
Sunday 7:00am-6:30pm

Premises Licence

Monday to Saturday 8:00am-10:30pm
Sunday 10:00am-10:30pm

Property Type

A1 Retail

Lease Terms

Protected 20 year lease commencement date 20 Jun 2008
Security bond equivalent to six months rent payable in advance

Tenure

Leasehold
(Freehold not available)

Accommodation

The accommodation incorporates two bedrooms, living room, kitchen and bathroom and is accessible through an external door separate from the business. Further details available on request.

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 Rent
£13,020

Commissions on Services
Lottery Commissions £8,320 per annum
Parcel & Paypoint commission £2,600 per annum

Stock Amount
Estimated £15,000

Rateable Value
£1,750

* (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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