Thriving Off Licence And Newsagents In Whitley Bay | | Whitley Bay Tyne and Wear | | Convenience Store Whitley Bay, Tyne and Wear T/O: £250,000 GP: 22% Scope to increase turnover A-road location Loyal Customer base Well-equipped High turnover | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 62458
ADVERT IMPRESSIONS : 13,154 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £62,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Whitley Lodge News & Wine occupies substantial ground floor lock-up corner premises ideally located in Whitley Bay, Tyne and Wear. The premises occupy a prominent corner position at the junction of two busy road and benefit from ample on-street parking and are surrounded by a large residential area. There are a number of bus routes serving the area and the Metro station is within easy walking distance. The business boasts easy access to the A-road network and the sea front is less than a mile away. Whitley Bay is a popular tourist destination that is undergoing multi-million pound regeneration. Newcastle upon Tyne lies less than 10 miles away.
Business History
Preferred Commercial is delighted to offer for sale this thriving off licence and newsagents, which was established in 1991 and which has been in our client's careful hands since 2008. The business is only now offered to the market due to our client's wish to retire. The premises are well-equipped to suit the trade with a spacious sales area with numerous product displays and a large stock room. The business has an excellent reputation and a large customer base. Our client offers a wide range of high quality products including alcohol, general CTN lines and convenience lines. The business trades 7 days a week and generates a turnover in the region of £250,000 per annum with a gross profit of 22%. We feel this could be further increased by extending the range of products available. This is an ideal opportunity to acquire an already thriving off licence and newsagents with huge scope for future development. Early negotiations with Preferred Commercial must come highly recommend.
Financial Details
T/O: £250,000 approx.
GP: 22%
Opening Hours
Mon - Sun: 7:00am to 9:00pm
Accommodation Details
Substantial ground floor lock-up retail premises. Briefly comprising:
Ground Floor
• Spacious sales area with double aisle display, 3 x drinks refrigerators, 2 alcohol refrigerators, shelving to perimeter walls and counter with electronic cash register and magazine racks
• Large storeroom to rear with shelving and security cage
External
• Secure yard with garage
Tenure
Leasehold
Original length:10 years
Remaining: 7 years
Review: every 5 years
Rent: £9,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2419 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
