Convenience Store & Off Licence with 1 Bed Accommodation in Palmersville

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