Convenience Stores for sale in Newcastle Under Lyme

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Ian McGregor (Nov 2013)
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Leasehold Price: £89,950 Price Reduced Annual Turnover: £440,000 Annual Net Profit: £40,000
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Business Description

Intelligent Business Transfer are delighted to bring this efficient and well visited convenience and off licence business with busy news sales to the market and expect a tangible amount of interest due to its branding as a ‘Premier’.

The convenience store has been trading in its current position for a number of decades and has ascertained a strong reputation in the districts of North Tyneside, there is a large residential population in the area who fuel the businesses strong turnover. The walk in trade for the business is very strong and the current owner has crafted a business model that caters for most needs. These include Payzone, the Lotto and a large delivery news round.

The business is currently profitably ran by owner operation and has successful opening house that optimise the footfall from the busy cross roads that the business sits on. There is a huge amount of passing traffic for the business who are able to use the parking spaces to the front of the shop face.

Financially, the business is showing signs of week on week increase, with over £9000 in revenue being achieved in modest weeks. Due to experienced buying the average gross profit is around 30% which leaves strong net returns due to low overheads and a fair agreement with a local landlord.
Number of Employees: 2

Tenure: Leasehold

Listed by: Intelligent Business Transfer
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