Convenience Stores for sale in Gateshead

View the "Convenience & Off Licence in Glynfellis, Gateshead in a central residential area" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Convenience & Off Licence in Glynfellis, Gateshead in a central residential area

Gateshead, Tyne and Wear, England

  • Leasehold Price: £70,000
  • Under Offer
  • Annual Turnover: £700,000
Seller Reference: 5769
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Business Description
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: 5769
Request Details
Business Description
An immediately unopposed, good turnover convenience store within a row of businesses. The shop benefits from Lottery, Parcel delivery and Payzone. The shop floor is over 1,000ft². It has three large chiller units and two standing fridges. We are advised that all trade fixtures and fittings are owned outright and are included as part of the sale.

There is ample parking available at the front of the shop and the store is conveniently located within close proximity to other businesses and residential dwellings.

The business is run by the owner and staff. The business currently employs 2 part-time members of staff. This is a reluctant business sale and is being offered for due to our client’s retirement.

Shop Measurements
Shop Trading Area: 100m² (1,076ft²)
Stockroom Area: 15.7m² (169ft²)

Key Features
Avg weekly sales £14,000
Good commissions
Central residential location
Sizeable open plan trading area

Annual Rent: £13,000
Rateable Value* is £7,600
* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay)

Premises Licence: Licensing hours from 8:00am - 11:00pm
Stock Value: Approximately £25,000
Owner run business with 2 part time staff
Lease Terms: New lease available for 10-20 year term

Interested in this Business?

Call us +44 (0)1904 867175
Email us sales@a1businesses.co.uk

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.
Trading hours:
Monday to Sunday 8:00am - 7:00pm
Tenure:
Leasehold
Location Details:
Excellent convenience and off licence leasehold opportunity in a dense residential area of a housing estate in Glynfellis, a suburb of Gateshead in Tyne & Wear.
Leasehold Term:
A new lease of between 10-20 years would be available with a passing rent of £13,000 per annum
Listed by:
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