Convenience Stores for sale in Newcastle-upon-Tyne

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Convenience, Off Licence & Post Office with Accommodation Available in Newcastle-upon-Tyne

Newcastle-upon-Tyne, Tyne and Wear, England

  • Leasehold Price: £74,950
  • Annual Turnover: £520,000
Seller Reference: 5747
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Business Description
 
 
 
 
 
 
 
 
 
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Seller Reference: 5747
Request Details
Business Description
Well presented convenience, off licence & post office business situated in a dense residential area in Swalwell, Newcastle upon Tyne.

Business

A very attractive leasehold business with a newly acquired post office with good strong weekly sales. The business currently trades as Lifestyle Express and is presented to a very good standard. It is heavily relied upon by the local community and is in a strong trading position with plenty of passing trade. The store runs as a convenience store, off licence and has just introduced a post office. Other services include National Lottery and Pay Point.

Good commissions on lottery, internal cash machine and post office salary. The business is run by the owner and currently employs 5 part-time staff. A more hands on approach from a new owner/operator could decrease the staff wage bill and increase profitability. Post office salary has been estimated around £20,000.

The shop floor is refitted to a good standard with 2 x 4m drinks chillers and chest freezers and electric shutters. Ancillary areas include a good sized stockroom, kitchen & W.C . Owner has a genuine reason for sale.

Accommodation

Please contact us for further information on the accommodation options.

Shop Dimensions

Trading Area 850 m² ( 914.6 f²)
Stockroom Area 200m² (215.2f²)

Leasehold Price
£74,950

Freehold Price
N/A

Weekly Sales
£10,000

Post Office Salary
£20,000 (est.)

Business Rent Annually
£9,750

Accommodation Rental Income
N/A

Business Rates
Current rateable value £11,250
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£15,000

Accounts Available
3 years

Annual Net Profit
Available on request

Gross Profit Margin
20%

* (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

Further Details
Premises Licence
The premises has a licence to sell alcohol

Stock Value Estimated
£30,000 (Est.)

Trading Hours
Monday – Saturday 7:00 am -9:30pm
Sunday 8:00 am – 9:30 pm

Key Features
• Weekly sales £10,000

• Optional 2 bedroom accommodation

• Well established business

• Post Office Salary Estimated £20,000 per annum
Trading hours:
Monday – Saturday 7:00 am -9:30pm Sunday 8:00 am – 9:30 pm
Number of employees:
5
Tenure:
Leasehold
Is accommodation included?:
Yes
Number of bedrooms:
2
Location Details:
The property is located in Gateshead, Tyne & Wear. The business is on a main road with bus stops, a park and residential area nearby and close to local amenities.
Listed by:
Request Details

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* REQUIRED

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