Convenience Stores for sale in North Shields

View the "Convenience Store, Newsagent & Tobacconist with low rent Price Reduced to £29,950" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Convenience Store, Newsagent & Tobacconist with low rent Price Reduced to £29,950

North Shields, Tyne and Wear, England

  • Leasehold Price: £29,950  Price Reduced arrow_drop_down
  • Under Offer
  • Weekly Turnover: £8,000
Seller Reference: 5714
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Business Description
 
 
 
 
 
 
 
 
 
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Seller Reference: 5714
Request Details
Business Description
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
Lottery £225

Stock Value Estimated
£20,000 – £25,000

Ground Floor
Retail Area 38.5 m² (415 ft²)
Storerooms Total 10.7 m² (118 ft²)

Key Features
• Low council rent of £7,000

• Very high footfall

• Prime town centre location

• Free car parking nearby

• Specialist Tobacconist
Trading hours:
Monday – Saturday 7:00 am – 6:00 pmSunday 7:00 am – 3:00 pm
Number of employees:
No employees
Tenure:
Leasehold
Location Details:
The business has a prominent position in North Shields, a vibrant town centre with car parking facilities in Tyne & Wear.
Leasehold Term:
14 years left on lease
Listed by:
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