Off Licences for sale in Gateshead

View the "Londis Convenience Store & Off Licence in Gateshead with Good Sales Turnover" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Londis Convenience Store & Off Licence in Gateshead with Good Sales Turnover

Gateshead, Tyne and Wear, England

  • Leasehold Price: £155,000
  • Sold
  • Annual Turnover: £728,000
Seller Reference: 5709
Business Description
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: 5709
Request Details
Business Description
Very well established Convenience & Off Licence business in the heart of a residential area in a suburb of Gateshead . We are advised this is a profitable business with good steady sales and commissions generated from its regular customer base. Well merchandised with 2 x 2.6m and 1 x 3.7m integrated coolers and 2.1m freezer all which include electricity saving eco step-down transformers. Features include EPOS till system, fully managed internal ATM (no-Fill), Lottery, Payzone & CCTV. Tobacco sales are only 25% approximately of the overall sales. Opening times could be extended by a new owner and profitability increased if run hands-on as the business is mainly staff run. Business owner is now selling due to other commitments.

Weekly Sales: Available on Request
Annual Sales: £728,000
Annual Business Rent: £7,200
Council Rates: Zero Rateable
Annual Net Profit: Available on Request
Gross Profit Margin: 23%
Accounts Available: 3 Years

Premises Licence: The premises has a licence to sell alcohol
Employees: 3 part time employees
Employee Information: 80 staff hours per week
Staff wages £500 per week

Commissions
High cash machine commissions
High lottery commissions

Stock Value: Available on Request

Ground Floor
Trading Area 77.5 m² (834 ft²)
Stockrooms 30 m² (200 ft²) with rear access

Key Features

• Low council rent £7,200
• Business established over 48 yrs
• No direct competition
• Tobacco sales approx 25%
• Commissions from fully managed (no-Fill) ATM
• 6 years remaining on lease
• EPOS Tills, CCTV & Internal Cash Machine
• National Lottery & Payzone
Trading hours:
Monday – Friday 6:00am – 8:00pmSaturday 6:30am – 8:00pmSunday 7:00am-1:00pm and 5:00pm-7:30pm
Number of employees:
3 part time employees; 80 staff hours per week; Staff wages £500 per week
Tenure:
Leasehold
Competition:
No direct competition
Location Details:
Well situated in Wardley within a dense residential housing area with no direct competition in a suburb of Gateshead near Newcastle upon Tyne.
Leasehold Term:
6 years remaining on lease
Listed by:
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