A very well established newsagent & tobacconist is for sale within a prime high street location in a busy town centre. Approx £8,000-£8,500 per week sales generated from the high customer footfall show that this is a popular choice with local customers. A very profitable business with low annual business rent, zero council rates and commissions on services of over £1,000 per month from the high turnover of Lottery & Paypoint.
A wide range of news & magazines along with specialist cigars & tobacco products are a unique selling point for the shop along with confectionery, drinks and snacks. There is significant room to develop the business by introducing off licence goods, a cash machine on the premises or extending the opening hours .
There are free car parking facilities within close walking distance. The shop is currently husband and wife run with no extra staff employed. We are advised that the sale is due to the owners’ other commitments.
Annual Business Rent: £7,000
Council Rates: Zero Rateable
Fixtures & Fittings Value: £15,000 Approx
Accounts Available: 1 Year
Annual Net Profit: Available on Request
Gross Profit Margin: 20%
Premises Licence: Currently no off licence
Weekly Commissions on Services
Stock Value Estimated
£20,000 – £25,000
Retail Area 38.5 m² (415 ft²)
Storerooms Total 10.7 m² (118 ft²)
• Low council rent of £7,000
• Very high footfall
• Prime town centre location
• Free car parking nearby
• Specialist Tobacconist
Monday – Saturday 7:00 am – 6:00 pmSunday 7:00 am – 3:00 pm
Number of employees:
The business has a prominent position in North Shields, a vibrant town centre with car parking facilities in Tyne & Wear.
14 years left on lease