Convenience Store in Tyne and Wear For Sale

Situated in a Parade, monopoly trading position, residential area, Tyne And Wear.

Turnover £ 13,500
Price £195,000

Features

Convenience Store and Off Licence, Pay Point, Parcel Services and National Lottery

RECENTLY REFURBISHED SINGLE FRONTED PREMISES WITH ELECTRIC SHUTTERS, CCTV (14 cameras), Industrial non slip flooring, suspended ceiling with LED lighting.

Sales counter, EPOS cash register, 2 display chillers, freezer, vape display counter, coca-cola fridge, confectionary display fridge, slush machine, etc.

2 Store Rooms.

Staff cloakroom with toliet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £13,000 p.w. - £14,000 p.w. with a Gross profit of 30% approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

PARCEL SERVICES £225 per week approx.
NATIONAL LOTTERY £50 per week approx.

Staff

The business is at present operated by the Husband & Wife team and family assistance as required.

Trading Hours

7 Day week
MONDAY - SUNDAY 8 am - 9 pm

Outside

Yard.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE granted for 20 years in 2025 with reviews every 5 years at an initial rent of £15,600 p.a. for the first 5 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023 AND OFFERED FOR SALE DUE TO THE VENDORS' OTRHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 97,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote