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Convenience Store In Gateshead For Sale

Gateshead, Tyne and Wear
Asking Price:
£155,000 Furniture / Fixtures included
Turnover:
£728,000
Net Profit:
Available on request

Very well established Convenience & Off Licence business in the heart of a residential area in a suburb of Gateshead . We are advised this is a profitable business with good steady sales and commissions generated from its regular customer base. Well merchandised with 2 x 2.6m and 1 x 3.7m integrated coolers and 2.1m freezer all which include electricity saving eco step-down transformers. Features include EPOS till system, fully managed internal ATM (no-Fill), Lottery, Payzone & CCTV. Tobacco sales are only 25% approximately of the overall sales. Opening times could be extended by a new owner and profitability increased if run hands-on as the business is mainly staff run. Business owner is now selling due to other commitments.

Weekly Sales Average: Available on Request
Annual Sales: £728,000
Annual Business Rent: £7,200
Council Rates: Zero Rateable
Annual Net Profit: Available on Request
Gross Profit Margin: 23%
Accounts Available: 3 Years

Premises Licence: The premises has a licence to sell alcohol
Employees: 3 part time employees
Employee Information: 80 staff hours per week
Staff wages £500 per week

Commissions
High cash machine commissions
High lottery commissions

Stock Value: Available on Request

Ground Floor
Trading Area 77.5 m² (834 ft²)
Stockrooms 30 m² (200 ft²) with rear access

Key Features

• Low council rent £7,200

• Business established over 48 yrs

• No direct competition

• Tobacco sales approx 25%

• Commissions from fully managed (no-Fill) ATM

• 6 years remaining on lease

• EPOS Tills, CCTV & Internal Cash Machine

• National Lottery & Payzone

Property information

Property:

Leasehold

Lease Terms:

6 years remaining on lease

Leasehold Rent:

£7,200 per annum

Business Operation

Competition / Market:

No direct competition

Trading hours:

Monday – Friday 6:00am – 8:00pm
Saturday 6:30am – 8:00pm
Sunday 7:00am-1:00pm and 5:00pm-7:30pm

Employees:
3 part time employees. 80 staff hours per week Staff wages. £500 per week
Years established:
Over 48 years

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  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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