Profitable Costcutter Convenience Store & Off Licence in Newcastle upon Tyne. The shop is situated on a busy high street alongside other businesses and benefits from a firm customer base and strong yearly turnover. The densely merchandised trading area is 860ft² with 2 central gondolas. Fixtures &fitting’s include 2m and 3.8m wine chillers, 2 x 1.8m drinks chillers & 2.3m freezer. The business has epos till system, Lottery & PayPoint and internal cash machine. The business is mainly self run and the current owner is selling due to other commitments.
Gross Annual Income £832,000
Annual Rent £14,000
Rateable Value* £6,400 * (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 Current Lease Term
Premises Licence The premises has a licence to sell alcohol
Stock Value Estimated £30,000
Shop Measurements Retail Area 80 m² (860ft²) Storerooms 28.5 m² (307 ft²) with rear access
Key Features: High Turnover 25 year Lease Busy Location Lottery & Pay Point CCTV system
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