Discount and General Store for Sale in Newcastle Royal Quays, North Shields
North Shields, Tyne and Wear
- Status
FOR SALE
- Advert ID
654640
- Reference
6120 / Rightbiz
- Call Agent:
- Leasehold: £190,000 (Stock at valuation)
- Rent: £25,200 (£2,100 per month)
- Turnover: £898,964 (£17,288 per week)
- Profit: Not Applicable
Business Details
Discount & General Store in Newcastle Royal Quays, North Shields
Key Features
- Weekly sales £17,287 (TBC)
- Well established business
- Popular Trading Outlet location
- Spacious trading area
- Comprehensive security system
Viewings
Any viewings for the business and/or property are by appointment only. Under no circumstances should any direct approach be made to the owner or their employees.
The Location
The business is located in North Shields in a suburb of Newcastle in the North East of England within Newcastle Royal Quays and close to public transport links.
Business Opportunity
An excellent opportunity to acquire a well establisehd grocery discount store in a highly desirable trading position within a hub of other businesses. This well known and popular retail environment benefits from strong local footfall, excellent visibility and a very well established customer base.
This spacious retail trading area provides an attractive shopping experience and offers a wide range of everyday convenience products at discounted prices. The business enjoys the significant advantage of having no direct competition , creating a strong platform for continued growth and repeat trade. Its convenient location and popular product offering make it a valuable community asset with excellent future trading potential.
This is an ideal opportunity for an owner-operator seeking a well established and well positioned retail operation in a vibrant location with scope to further increase sales through extending product lines, local deliveries and promotions.
Business Premises
Ground floor premises incorporates shop trading area with ancillary areas incorporating internal storage and W.C. to the rear.
Rateable Value: £31,500
The rateable value is used to calculate your rates bill so this is not the amount you will pay
Employees
Family run business with the owner on 45 hours and a family member on 16 hours.
Trading Hours
Monday to Friday 8:00am to 5:00pm
Saturday to Sunday 8:00pm to 4:00pm
Premises Licence Hours
No Premises Licence
Additional Services
N/A
Property Type
A1/A2 Retail and Financial/Professional Services
EPC Rating
EPC Rating B valid until 22 July 2036
Tenure
Leashold only
Business Measurements
Total Ground floor retail zone 190m²
Disclaimer Notice
The information shown for the business is based on a site assessment and financial documentation provided to us, A1 Businesses Ltd. by the vendor. We have been informed by the vendor that the financial information provided to us is correct and reliable at the time of marketing. We, A1 Businesses Ltd cannot accept liability as to the accuracy of this information and advise any interested parties to make their own enquires in order to satisfy themselves that all information provided, particularly financial, is satisfactory before making any commitment to purchase the business.
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.
Contact Agent
Energy Performance Certificate (EPC)
Map
What's Nearby
Listing Statistics
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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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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.
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
