Well-established convenience store and off licence in a highly affluent area of South Gosforth, benefiting from strong weekly sales and a rare long-term rent-free lease until July 2085. This profitable retail business offers a solid foundation with consistent demand for alcohol, snacks, tobacco, and vape products. Weekly sales average £4,600 (1Apr-31July 25).
The business operates from a desirable residential suburb just 2.5 miles from Newcastle city centre, with excellent transport links including close proximity to South Gosforth Metro station. The surrounding area provides a steady customer base with high disposable income and limited direct competition nearby.
Currently run by the owner with part-time staff, the business is trading below its full potential due to personal circumstances. There is clear scope to increase revenue by introducing National Lottery and PayPoint services, expanding product lines, and extending opening hours to fully utilise the premises licence. The long rent-free period significantly reduces overheads, making this an attractive low-risk investment.
Full training and support can be offered to ensure a smooth transition for a new owner. This is an ideal opportunity for an owner-operator or investor seeking a retail business with strong growth potential and minimal fixed costs.
Equipment includes 3.7m standing chiller, 2m chest freezer and CCTV system.
Enquire now to learn more about this exceptional opportunity.
