REF 5837
Convenience & Off Licence Store with 4 Bedroom Property
Gateshead
Key Features
- Weekly sales circa £7,000
- 4 bedroom accommodation
- Adjacent unused retail unit
- Dense residential location
- Established over 30 years
- Retirement sale
Location
Situated along a main road in a suburb of Gateshead, North East England this business resides 2.5 miles south from the centre of Newcastle upon Tyne. It is located amongst a dense residential catchment area within proximity to other local amenities including the local park.
Business
This well established business incorporates a successfully laid out and stocked trading area fully equipped for the sale of grocery, chilled drinks, confectionery, domestic goods, cigarettes, vape and e-cigarettes, alcohol and newspapers. We have been advised that current weekly sales is £7,000 of which £1,500 is from vape and e-product sales.
Fixtures & fittings include 3.7m open chiller, 1.5m chest freezer, 1.5m ice cream freezer and 1m Coca Cola fridge. The business premises incorporates a suspended ceiling and tiled flooring.
The current owner has been running this business for over 32 years and is now retiring.
Accommodation
The four bedroom accommodation incorporates two upstairs flats with access opened internally in addition to two living rooms, two kitchens, a bathroom and a decked balcony to the rear. One of the bedrooms is a loft conversion with an on-suite bathroom. More information available on request.
Opportunity
A long established convenience and off licence store also includes the adjoining retail (ex Vape Shop) unit within the sale. This is currently used as a storage area but presents the opportunity to operate as a separate business.
On-Site Services
Lottery & Paypoint
UPS Excess point
Staff Employed
Family run business
Trading Hours
Monday to Sunday 7:00am-7:00pm
Premises Licence
Monday to Sunday 8:00am-11:00pm
Property Use Classification
A1 Retail
Tenure
Freehold
Retail Measurements
Ground Floor
Retail Zone 82.3m² (886ft²)
Internal storage 34.1m² (367ft²)
Total 116.4m² (1,253ft²)
Disclaimer Notice
Any financial information shown for the business shown is based on verbal information provided by the vendor. A1 Businesses for Sale makes no warranty as to the accuracy of this information and advise that any interested parties make the relevant enquires to satisfy themselves of any particulars related to the sale.
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.
Commissions on Services
UPS Excess point £1,800 per year
Lottery Commissions £4,680 per year
Gross Annual Income
£364,000
Stock Value
£20,000 Estimated
Rateable Value
£7,100
* (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