Convenience & Off Licence Store in Dense Residential Location with No Direct Competition
Newcastle upon Tyne, Tyne and Wear
- Status
FOR SALE
- Date Submitted:
13/06/22
- Advert ID
296836
- Reference
5830 / Rightbiz
- Call Agent:
- Leasehold: £70,000 (Stock at valuation)
- Rent: £7,200
- Turnover: £327,000 (£6,288 Per week)
- Net Profit: On request
Key Features
- Established Business
- Attractive Business
- Price Reduced
- Open Plan Trading Area
- Fully Fitted
- Prime Location
- With Car Park
- Accounts Available
Business Details
Convenience & Off Licence Store in Dense Residential Location with No Direct Competition
Convenience & Off Licence Store in Dense Residential Location with No Direct Competition
Key Features
- Weekly Sales circa. £6,300
- 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.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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
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