Convenience Stores for sale in Newcastle-upon-Tyne

View the "REDUCED FOR QUICK SALE High Turnover Convenience Store & Off Licence" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

REDUCED FOR QUICK SALE High Turnover Convenience Store & Off Licence

Newcastle-upon-Tyne, Tyne and Wear, England

  • Leasehold Price: £99,950  Price Reduced arrow_drop_down
  • Annual Turnover: £832,000
Seller Reference: 5710
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Business Description
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: 5710
Request Details
Business Description
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
Tenure:
Leasehold
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.
Listed by:
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