Newsagent and Off Licence in Tyne and Wear For Sale

Occupying a corner position, excellent trading position, residential, office and commercial area, TYNE & WEAR.

Turnover £ 6,000
Price £54,999

Features

Newsagents Plus off Licence

Newly fitted 2021

DOUBLE FRONTED PREMISES in the region of 670 ft² with ELECTRIC SHUTTERS. Concrete floor, suspended ceiling with LED lights. Sales counter, EPOS till, cigarette drawer, modern adjustable shelving, 2-3m open cool display units, ice cream freezer, Monster fridge, Lucozade fridge. CCTV system (6 cameras, 1 monitor).

Stockroom

Toilet with w.c. and wash hand basin

Small Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 22% approx.. Wholesale newsbill £450 p.w.

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

NATIONAL LOTTERY £90 per week approx.
PAY ZONE £10 per week approx.

Staff

The business is at present operated by a husband & wife team.

Trading Hours

7 Day week
The current trading hours are:
MONDAY - SATURDAY 7 a.m - 8 p.m
SUNDAY 8 a.m - 7 p.m

The premises has an alcohol licence
Sunday - Thursday 6 a.m - 11 p.m
Friday & Saturday - 6 a.m. - 12 midnight

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE Council lease, granted for 15 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £7,920 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £54,999 plus STOCK AT VALUATION (£35,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote