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Convenience & newsagent with low rent & good sales
Low council rent of £7,000
Very high footfall
Prime town centre location
Free car parking nearby
The business has a prominent corner location on the main road running through the town centre of North Shields, Tyne & Wear. The main bus routes pass through and there are free car parking facilities to the side of the shop.
This is a well established convenience, off licence, newsagent & tobacconist within a popular location and on a row with other businesses. The shop is run by the owner and 3 staff and has additional services including lottery and PayPoint.
The selection of specialist cigars & tobacco with news & magazines along with other products are a unique selling point for the shop along with the alcohol sales, confectionery, drinks and snacks. There is significant room to develop the business by introducing fresh food lines, a cash machine on the premises and/or extending the opening hours.
A profitable business with low council rent which currently benefits from zero council rates. Commissions include Lottery, Paypoint and Collect Plus Parcel Delivery.
We are advised that the sale is due to the owners’ other commitments.
Opportunity The business currently operates on restricted opening hours which could be extended in line with the premises licence which allows the sale of alcohol up until 11:30pm.
Key Features Weekly Sales Avg. £6,000 Low council rent £7,800 Lottery commissions £5,200 Town centre location Free car parking nearby Specialist tobacconist
Gross Annual Income £312,000
Annual Rent £7,800
Trading Hours Monday to Saturday 6:30am-6:00pm Sunday 6:30am-4:00pm
Premises Licence Monday to Thursday and Sunday 6:00am-11:30pm Friday and Saturday 6:00am-12:00pm
Staff Employed Owner, 1 full time and 2 part time staff (non contracted)
Estimated Stock Value £15,000 Wholesale Value
Lease Terms 15 year council lease expires December 2034
Rateable Value* £8,300 * (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay)
Notice All information provided is subject to the standard terms and conditions of A1 Businesses Ltd. (trading as A1 BUSINESSES FOR SALE). See our disclaimer page for more details.
Viewings Any viewings for the business and/or property are to be made strictly by appointment only through A1 BUSINESSES FOR SALE. No approach should be made directly to the owner or any of their employees.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact A1 BUSINESSES FOR SALE, YO10 on +44 1904 918748 * (local rate)
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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by A1 BUSINESSES FOR SALE, and do not constitute property particulars. Please contact A1 BUSINESSES FOR SALE for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.