Profitable Costcutter Convenience Store & Off Licence in Newcastle upon Tyne. The shop is situated on a busy high street alongside other businesses and benefits from a firm customer base and strong yearly turnover. The densely merchandised trading area is 860ft² with 2 central gondolas. Fixtures &fitting’s include 2m and 3.8m wine chillers, 2 x 1.8m drinks chillers & 2.3m freezer. The business has EPOS till system, Lottery & PayPoint and internal cash machine. The business is mainly self run and the current owner is selling due to other commitments.
Gross Annual Income
£852,000
Annual Rent
£14,000
Rateable Value*
£6,400
* (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
Current Lease Term
Premises Licence
The premises has a licence to sell alcohol
Stock Value Estimated
£30,000
Shop Measurements
Retail Area 80 m² (860ft²)
Storerooms 28.5 m² (307 ft²) with rear access
Key Features:
High Turnover
25 year Lease
Busy Location
Lottery & Pay Point
CCTV system
Trading hours:
Monday – Thursday 8am – 8:30pm
Friday – Saturday 8am – 9pm
Sunday 9am – 8pm
Location Details:
Located on a busy street in an eastern suburban area of Newcastle upon Tyne in the North of England. The business is close to local amenities and generates a steady income.
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