Established Newsagent with 5-Bed Property in Newcastle, Weekly Sales £5,500
Newcastle upon Tyne, Tyne and Wear
- Status
FOR SALE
- Date Submitted:
31/07/23
- Advert ID
517353
- Reference
5867 / Rightbiz
- Call Agent:
- Leasehold: £50,000 (Stock at valuation)
- Rent: £24,000
- Turnover: £286,000 (£5,500 Per week)
- Net Profit: On request
Key Features
- Established Business
- New Lease
- With Car Park
- Fully Fitted
- Close to Local Amenities
Business Details
Newsagent and 5 Bedroom Living Premises (Rent reduced) in Newcastle upon Tyne
Key Features
- Weekly sales circa. £5,500
- Annual Rent £18,000
- Spacious 5 bed property
- Additional Council Premises
- Established over 30 years
- No current premises licence (new tenant can apply to council)
Location
This business is situated in Walkergate, a suburb of Newcastle upon Tyne in the North East of England. Locates in a large residential area with no direct competition and within close proximity to local amenities.
Business
A very well established newsagent and convenience store with and spacious 5 bedroom accommodation. Equipped for the sale of cigarettes, newspapers, magazines, confectionery, convenience goods, frozen & chilled products. F&F's include a 2.5m Pepsi Max drinks chiller, 0.75m Pepsi Max drinks chiller, 1.2m drinks chiller and 2m chest freezer.
This business has been established for over 30 years with current ownership since 1992.
Premises
Ground floor business premises incorporating stockroom and bathroom to the rear. Internal access to first floor accommodation incorporating 5 bedrooms and a large bathroom.
Internal access to ground floor council owned premises.
On-Site Services
Lottery & Paypoint Services
Amazon parcels
Staff Employed
No staff to be transferred with the business
Trading Hours
Monday to Saturday 7:00am-8:00pm
Sunday 7:00am-6:30pm
Premises Licence
Monday to Saturday 8:00am-10:30pm
Sunday 10:00am-10:30pm
Rent Breakdown
Total Annual Rent £18,000 (£1,500 per month)
Business and living premises £14,400 (£1,200 per month)
Council premises £3,600 (£300 per month)
Turnover
Weekly sales circa. £5,500
Rateable Value
£6,400
Property Type
A1 Retail
Lease Terms
New lease terms available
Tenure
Leasehold
Accommodation
The accommodation incorporates five bedrooms, living room, kitchen and bathroom and is accessible through an external door separate from the business. Further details available on request.
Disclaimer Notice
Any financial information shown for the business shown is based on verbal information provided by the vendor. A1 Businesses for Sale makes no warranty as to the accuracy of this information and advise that any interested parties make the relevant enquires to satisfy themselves of any particulars related to the sale.
All information provided is subject to the standard terms and conditions of A1 Businesses Ltd. (trading as A1 Businesses for Sale). See our disclaimer page for more details.
Viewings
Any viewings for the business and/or property are to be made strictly by appointment only through A1 Businesses for Sale. No approach should be made directly to the owner or any of their employees.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
