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Convenience Store & Off Licence with Low Rent
Average weekly sales £4,500 weekly
Low rent 4,500 annually
Licensed until 11pm
Open plan trading area
Located in the heart of a residential area in Gateshead this convenience & off licence store is close to the main road, schools and a golf course. Just off the main bus route there is parking available outside the shop.
The business benefits from its ideal location within the residential zone and has a regular customer base. F&Fs are included in the asking price and consist of 2x4m chillers, and 2 chest freezers. Services include Hermes parcel delivery service, Amazon top up and e-liquids in addition to Lottery & PayPoint.
This is a good sized unit with an open plan trading area and stockrooms, one of which is currently used by a tenant providing make up artist services. The new leaseholder could use this space as a second stockroom or rent it out for additional income. There is a modern kitchen area and WC with sink. Ancillary areas also include delivery access to the rear.
Well established business that could be developed by increasing the range of goods and extending the opening hours to the current premises licensing hours between 7am and 11:00pm. Currently run by the owner. Sale due to lack of time to run the business.
Shop Measurements Trading Area 86.5m² (931ft²) Stockroom Area 26.8m² (288.5ft²)
Gross Annual Income £220,000
Annual Rent £4,500
Rateable Value* £3,650
* (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
Commissions on Services Available on request
Lease Information 15 year lease expires in 2032
Premises Licence Licensing hours from 8:00am - 11:00pm
Staff Employed Owner run business, no staff
Stock Value £15,000 approx.
Trading Hours Monday to Saturday 10:00am - 8:00pm Sunday 10:00am-2:00pm and 5:00pm-7:00pm
Key Features Average weekly sales £4,500 weekly Low rent 4,500 annually Licensed until 11pm Open plan trading area
* 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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