Reduced Convenience Store With Potential For Off License In Tynemouth | | Tynemouth Tyne and Wear | | Well equipped newsagents in prominent busy main road location. There is an off license in place which our clients are not currently using. The business is being offered with a brand new 21 year lease. The current turnover is in excess of £170,000 pa. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 44639
ADVERT IMPRESSIONS : 19,418 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £39950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | * Ground floor lock up retail unit on a busy main road
* Well established business with good reputation
* Busy newsagents & convenience (optional off-license)
* Well equipped trading areas with EPOS systems
* Advised turnover approx £4,500 gross per week
****REDUCED BY £10,000 to £39,950****
SITUATION
The property is ideally located in a prominent main road location just off the Tynemouth A193 Road in North Shields and close to the Tynemouth Golf Club. The business is also well positioned as it is surrounded by a vast number of residential properties.
BUSINESS
Our client has owned and operated the business for the last 2 years but due to family commitments is now looking to sell the leasehold interests.
The shop has good roadside signage and is well equipped. The main trading areas have suspended ceilings with laminate flooring, 3 drinks fridges, paper and magazine rack, freezer, card rack, confectionery counter, cigarette stand and shelving throughout the shop for the general convenience products.
The main serving area is linked up to an EPOS system with the shop also benefitting from CCTV, alarm and manual shutter on the front windows.
Our client advises us that there is an off license in place however they choose not to use it and they believe that this is potentially an area to increase turnover. Another area in which they feel turnover could be increased is by introducing the lottery, pay point, ATM machine and having longer opening hours.
To the rear of the property is a large store room, office and staff WC. There is a shared yard which has security lighting.
EXTERNALLY
There is main road parking to the front of the property.
TRADING HOURS
Monday 7am – 5pm
Tuesday to Friday 7am – 6pm
Saturday 7am – 5pm
Sunday 7am – 1pm
FIXTURES AND FITTINGS
We are advised the fixtures and fittings are owned outright. With the exception of the cigarette counter, coca-cola and lucozade fridges which are on free loan.
STAFF
The business is operated by our client
LICENSES
We are advised that a Premises license has been granted under the Licensing Act 2003 which allows the business to trade Monday to Saturday 8am till 11pm and Sunday 10am till 10.30pm
TRADING INFORMATION
Accounts will be made available to genuinely interested parties who have viewed the business through Moralee & Co.
TENURE
The business is being offered by way of a brand new lease with the annual rents to be negotiated.
RATES
The rateable value of the premises is £1,500 with the rates payable for 2008/2009 being £660.
SERVICES
We understand that the property has all mains services.
VIEWING
As this business is being confidentially marketed, all viewings must be made through this office. No direct approach should be made to the owner or the business itself.
MISREPRESENTATION ACT 1967 & PROPERTY MISDESCRIPTION ACT 1991
These particulars are provided only as a general outline of the property referred to. Parties should make their own enquiries and inspection of the property to satisfy themselves as to the accuracy or otherwise of the information given. Other than this general outline neither we nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the property referred to above.
| | | | | | FOR SALE | | | | | REFERENCE: | 1698 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
