Convenience Store and Off Licence in Tyne and Wear For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, Tyne on Wear.

Turnover £ 16,000
Price £240,000

Features

Newly Fitted Convenience Store with Off Licence

DOUBLE FRONTED PREMISES in the region of 2,350 ft² WITH ELECTRIC SHUTTERS, industrial non-slip floor, LED lights, sales counter, 2 x EPOS till, cigarette draw, modern adjustable shelving, 2 x open cool display unit (7 metres), 2 x tripple door freezer, CCTV system (24 cameras, 1 monitor).

Stock room.

Staff Toilet with w.c. and wash hand basin.

Small Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £15,000 - £17,000 p.w. with a Gross profit of 35% approx. (No commission items)

Staff

The business is at present operated by the vendor and his brother on a part time basis with 3 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 8am - 10pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2024 with reviews every 4 years (next review 2028) at a current rent of £22,000 p.a.

Business Rates from April 2025 £8,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £240,000 plus STOCK AT VALUATION (£120,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 120,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote