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Convenience & Off Licence Store in Dense Residential Location with No Direct Competition

Newcastle upon Tyne, Tyne and Wear
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  • Leasehold: £75,000
  • Rent: £7,200
  • Turnover: £405,600 £7,800 Per week
  • Net Profit: On request

Business Details

Convenience & Off Licence Store in Dense Residential Location with No Direct Competition 

Key Features

  • Weekly Sales circa. £7,800
  • No direct competition
  • Parking available
  • Dense residential location
  • Well presented trading area

This business is located within a dense residential location in Newcastle upon Tyne, 3 miles from the city centre.

Business
This impressively presented business is fully equipped for the sale of grocery, frozen and chilled products, cigarettes, confectionery and off licence goods. Installed within the premises is a high quality CCTV system with monitors installed on the shop floor. To the front of the store customer parking is available for convenience and ease of access.

Within the dense residential area there is no direct competition and we have been informed that the nearest stores close at 9:00pm, this creates a unique opportunity to extend the current trading hours to accommodate the premises licence.

The vendor has informed us that the current weekly sales is £7,800 with the addition of Uber Delivery which is £300 per week. We have also been advised that the cigarette sales make up 17% of weekly sales and the minimum gross profit margin is 30%. Newspaper and ATM services can also be introduced.

The store was opened in November 2021 with projected sales for the end of the year being £10,000 per week. The vendor is now wishing to relocate abroad, hence the reason for sale.

On-Site Services
Lottery & Paypoint
Deliveroo

Fixtures & Fittings
3.7m Closed chiller
1.8m Open chiller
3m Closed door chiller
0.7m Upright closed door freezer

Staff Employed
No staff to be transferred under TUPE regulations

Trading Hours
Monday to Sunday 8:00am-9:00pm

Premises Licence
Monday to Sunday 8:00am-11:00pm

Commissions on Services
Annual Lottery Commissions £2,600

Delivery Sales
Monthly Deliveroo sales circa. £800
Monthly Uber Delivery sales circa. £1,200

Rates
There are no additional rates

Property Type
A1 Retail

Lease Terms
25 year lease with 7 and a half years remaining

Tenure
Leasehold

Retail Measurements

Ground Floor
Retail zone 55.13m² (787ft²)
Stockroom WC 18m² (194ft²)

Total 73.13m² (787ft²)

Rateable Value
£4,750 (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay)

Notice
All information provided is subject to the standard terms and conditions of A1 Businesses Ltd. (trading as A1 Businesses for Sale).

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.

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Key Features

Contact Agent

Contact the seller for more details, or book a viewing

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.

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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

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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.

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.

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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.

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