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Property Listing Details

Property details

  • Floor area 1,151 sq. ft

Features

  • Profitable ctn & Off Licence Business
  • New residential development due in 2019
  • High Specification Re-fitted Trading Area
  • Opportunity to increase sales

Listing view statistics

Last 30 days: 27 page views

Since listed: 441 page views

Description

A good opportunity to purchase a well established business on a main street in a suburb of Newcastle upon Tyne. This recently developed and re-fitted site resides at the heart of a newly proposed residential development area consisting of 580 houses and a local school.

The shop is re-fitted to an exceptionally high standard with fully fitted wood effect counter, 3.75m closed door fitted coolers, LED lighting, high gloss tiled floor and modern fixtures & fittings. Ancillary areas include a sizeable stockroom area and W.C.

Sales are mainly generated from off licence, drinks & confectionery with tobacco sales lower than average at around 25%. Services provided include Lottery & PayPoint with an internal atm on site. There is opportunity to increase sales through extending the opening hours and self management thus reducing staff hours.

Fixtures & Fittings included are 2 x 3.8 m & 1 x 3 m drinks chiller, 1m Ice Cream Freezer & 1.3m Freezer.

The business is currently fully staff run. There is a genuine reason for sale as the owner is now dedicated to commitments elsewhere.

Financial Information

Leasehold Price
£94,950

Weekly Sales
£11,000

Business Rent
£13,000

Business Council Rates
Zero Rateable

Fixtures & Fittings Value
£30,000

Accounts Available
1 Years

Annual Net Profit
Available on Request

Gross Profit Margin
18 %

Further Details

Lease Terms
18 years remaining

Premises Licence
The premises has an alcohol licence

Employees
4 contracted & 1 non contracted Staff

Commissions on Services
Available on Request

Stock Value Estimated
£25,000

Trading Hours
Monday – Sunday 7am – 9pm

Ground Floor
Retail Area 80.2 m² (864 ft²)
Storerooms Total 26.7m² (287 ft²)

Key Features

• New residential development due in 2019

• Profitable ctn & Off Licence Business

• High Specification Re-fitted Trading Area

• Opportunity to increase sales

Located on a main road within a row of other businesses in a suburban area of Newcastle upon Tyne.

Map & Nearby

Local Amenities

  • Wylam 2.7 miles
  • Blaydon 2.8 miles
  • Throckley Primary School 0.1 miles
  • Walbottle Campus 0.6 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Wylam 2.7 miles
  • Blaydon 2.8 miles
  • Throckley Primary School 0.1 miles
  • Walbottle Campus 0.6 miles
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Property descriptions and related information displayed on this page are marketing materials provided by A1 BUSINESSES FOR SALE. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact A1 BUSINESSES FOR SALE for full details and further information.