City Centre Convenience & Off Licence Store in Newcastle, £11.5k Weekly Sales, Well-Established
Newcastle upon Tyne, Tyne and Wear
- Status
FOR SALE
- Date Submitted:
10/12/22
- Advert ID
505005
- Reference
5848 / Rightbiz
- Call Agent:
- Leasehold: £89,000 (Stock at valuation)
- Rent: £17,000
- Turnover: £598,000 (£11,500 Per week)
- Net Profit: On request
Key Features
- Town Centre location
- Accounts Available
- Established Business
- Attractive Business
- Fully Fitted
- Close to Local Amenities
Business Details
City Centre Convenience Store & Off Licence Store in Newcastle upon Tyne
Key Features
- Weekly sales circa. £11,500
- Busy city centre location
- Very well established
- Lottery & Paypoint services
- Close to local amenities
The business premises is prominently located on Westgate Road in the west end of the city of Newcastle upon Tyne. Situated in a densely populated residential area alongside other businesses and within close proximity to many local amenities.
Business
This well established business is fully equipped for the sale of general convenience goods, frozen and chilled products, cigarettes, confectionery and off licence goods. F&F's include a 3.5m chiller, 1m dairy chiller, 1m drinks chiller, 3 x 2m chest freezers and 6m alcohol chiller.
Established for over 30 years with the current owner running the business since 2006, this is a retirement sale and provides a good opportunity for a new owner.
Business Rent
£17,000
Rateable Value
£16,500 Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay
On-Site Services
Lottery & Paypoint Services
Staff Employed
Owner run with 2 part time staff members
Trading Hours
Monday to Saturday 8:00am-11:00pm
Sunday 10:00am-11:00pm
Premises Licence
Monday to Saturday 8:00am-11:00pm
Sunday 10:00am-11:00pm
Property Type
A1 Retail
Lease Terms
New lease terms available
Tenure
Leasehold only
Shop Dimensions
Trading Area: 96.1m² (1,034ft²)
Stockroom Area including Kitchen & Toilet: 37.4m² (403ft²)
Total 133.5m² (1,437ft²)
Disclaimer Notice
The financial information shown within the advertisement has been provided to us by the vendor of the business. A1 Businesses for Sale can offer no guarantee as to the authenticity of any information provided to us. Please 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
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
Do not 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.
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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.
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
