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Convenience Store In Gateshead For Sale

Gateshead, Tyne and Wear
Asking Price:
£125,000 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
Available on request

• Shop sales circa £2,500 weekly plus commissions.
• Post Office Income circa £16,000 per annum.
• 1 bedroom flat included with Post Office.
• Pleasant location in friendly community.
• Ideal for owner operator.
• FREEHOLD £125,000 plus stock at valuation

Property information

Property:

Freehold

Living Accommodation:

Bedroom / Lounge
Kitchen / Diner
Bathroom

Location:

The Post Office is located on the main road running through this popular suburban village to the south west of Newcastle and Gateshead. The immediate area has a mixture residential, commercial and retail occupiers that provides captive trade and the on-street parking generates a certain amount of passing trade.

Premises Details:

This business has been operating under the current family ownership for over 20 years but has now been placed on the market as they wish to wind down their business commitments.

The business is a traditional CTN with a local Post Office service which is well supported by the locals. In addition to the standard newsagency fare, the shop also stocks a range of convenience goods and greetings cards and there is scope to expand some of the lines offered. The retail unit is in good order and there is very little for any new owner to attend to.

To the upper floor there is a 1 bedroom flat which is configured to provide a living and sleeping quarters plus a large kitchen / diner and a separate bathroom. It could be separated to provide a self-contained unit with rear access from the yard.

Property:

Comprises a mid-terraced two storey property of traditional brick construction with a slate roof over.

Ground Floor
Retail Area 350 sq.ft. (32.5 sq.m).
Kitchen

Energy Performance Rating:
D

Business Operation

Trading hours:

Monday - Friday 6.30 a.m. - 7.00 p.m.
Saturday 6.30 a.m. - 5.00 p.m.
Sunday 6.30 a.m. - 12 noon

Years established:
Over 20 years.

Other Information

Post office salary:
£16,000 per annum

Contact Information

    1. Your Address

    2. Optional
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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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