Convenience Stores for sale in Blaydon-on-Tyne

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Well established convenience Store, off licence & newsagents in Blaydon-on-Tyne

Blaydon-on-Tyne, Tyne and Wear, England

  • Leasehold Price: £130,000
  • Annual Turnover: £634,088
Seller Reference: 5736
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Business Description
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: 5736
Request Details
Business Description
A well established convenience store, newsagent & off licence leasehold business for sale in Blaydon near Newcastle-upon-Tyne.

Business

This well established business has a loyal customer base derived from its firmly rooted values in good friendly customer service. The shop has a regular news round which delivers newspapers to the community. Located in a densely populated area of the town, the shop is well positioned in the community and central to a hub of numerous other local businesses and amenities.

The shop floor comprises of a good sized trading area and re-fitted to a high standard 2 x 2m open chillers, a 2m chest freezer and display gondolas. Ancillary areas include an office space, 3 stockrooms, W.C. and rear delivery access. The business further benefits from car parking outside the shop. The business has been established since 1937 and run by the current owners’ family since.

Shop Dimensions

Trading Area: 97.7 m² (1,052 ft²)
Stockroom Area: 47.9 m² (515 ft²)

Leasehold Price
£130,000

Freehold Price
Not currently available for freehold

Weekly Sales
£12,194

Business Annual Rent
£14,900

Business Rates
Current rateable value £7,100
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£20,000

Accounts Available
5 years

Annual Net Profit
Available on Request

Gross Profit Margin
21%

* (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
Premises Licence
The premises has a licence to sell alcohol

Employees
Owner & 6 members of staff

Annual Commissions on Services
Lottery £8,300
Parcel Collection £1,200
Paypoint £1,200
Cash Machine £924

Stock Value Estimated
£30,000 – £35,000

Key Features
• Well established business

• Close to local amenities

• Popular town location

• Established for over 80 yrs
Trading hours:
Monday – Saturday 6:30 am – 7:30 pm Sunday 7:00 am – 7:00 pm
Number of employees:
6
Tenure:
Leasehold
Location Details:
The business is located in the centre of Blaydon-on-Tyne situated next to other local businesses and local amenities.
Leasehold Term:
New terms will be available on application for the leasehold.
Listed by:
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