A well established business located on a busy road in Newcastle upon Tyne with no direct competition and close to Palmersville metro station.
Business
A medium sized convenience & off licence store with a 1 bedroom accommodation with separate access from the side. Well refitted throughout with F&Fs which include a 1.5 m chiller cabinet, two 3m chest freezers and a 4m drinks chiller. Ancillary areas include kitchen/lounge area leading to a bedroom, bathroom and outside to the garage.
There is good car parking availability outside the shop and rear delivery access. The shop has further income from lottery, Pay Point and parcel delivery.
The business has been run by the current husband and wife for the last 7 years and they are selling due to personal circumstances.
Shop Dimensions
Trading Area: 67 m² (721 ft²)
Stockroom Area + Garage: 50 m² (538 ft²)
Weekly Sales
£7,000
Business Annual Rent
£14,400
Accommodation Annual Rent
£7,200
Business Rates
Current rateable value £5,700
(Business rates relief available please see below *)
Fixtures & Fittings Approximate Value
£5,000
Accounts Available
3 years
Annual Net Profit
Available on Request
Gross Profit Margin
23 %
* (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
£10,000
Key Features
• Freehold and leasehold business
• 1 bedroom accommodation
• Close to local metro transport link
• Located on a busy main road
• Well established business
Trading hours:
Monday – Saturday 10:30 am – 8:30 pm Sunday 11:00 am – 7:00 pm
Is accommodation included?:
The downstairs 1 bedroom accommodation is available to purchase or rent. Please contact us for more information .
Competition:
No direct competition
Location Details:
The property is located on a very busy road, Great Lime Road in Palmersville, Newcastle and near to local transport link Palmersville metro station.
Leasehold Term:
New terms will be available on a leasehold purchase.
Buying Guides
