Convenience Stores for sale in Gateshead

View the "Profitable CTN & Off Licence Business on a main road in a suburb of Gateshead" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Profitable CTN & Off Licence Business on a main road in a suburb of Gateshead

Gateshead, Tyne and Wear, England

  • Leasehold Price: £99,950
  • Annual Turnover: £624,000
Seller Reference: 5723
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Business Description
 
 
 
 
 
 
 
 
 
 
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Seller Reference: 5723
Request Details
Business Description
A good opportunity to purchase a well established business on a main street in a suburb of Gateshead.

The shop is well positioned within a dense residential area and benefits from exceptionally low rent of only £433 per month. The business operates on a good net profit of around 23% and offers very little in the way of low profit goods. Sales are mainly generated from off licence, drinks & confectionery with tobacco sales lower than average at around 25%. Services provided include Lottery & PayPoint. There is opportunity to increase sales through extending the opening hours.

Fixtures & Fittings included are 1x 3.7 m and 1 x 2.5 m chiller, 1m ice cream freezer & 1.3m standing freezer.

The business is currently family run with 2 members of staff. There is a genuine reason for sale as the owner has other commitments.

Financial Information

Leasehold Price
£99,950

Weekly Sales
£12,000

Annual Business Rent
£5,196

Business Council Rates
Zero Rateable

Fixtures & Fittings Value
£25,000

Accounts Available
3 Years

Annual Net Profit
Available on Request

Gross Profit Margin
23 %

Further Details

Lease Terms
17 years remaining

Premises Licence
The premises has an alcohol licence

Employees
2 contracted staff

Commissions on Services
Available on Request

Stock Value Estimated
£17,500

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

Ground Floor
Retail Area 44 m² (473 ft²)
Storerooms Total 21m² (221 ft²)

Key Features

• Very Low Rent £433 per month

• Profitable CTN & Off Licence Business

• Well Re-fitted Trading Area

Location

Located in a densely populated area on a main road in a suburb of Gateshead.
Trading hours:
Monday – Saturday 7am – 9:30pm Sunday 8am – 9:30pm
Number of employees:
2 contracted staff
Tenure:
Leasehold
Location Details:
Located in a densely populated area on a main road in a suburb of Gateshead.
Leasehold Term:
17 years remaining
Listed by:
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