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Off Licence With Convenience Store In Gateshead For Sale

Gateshead, Tyne and Wear
Asking Price:
£40,000
Turnover:
£200K - £500K
Net Profit:
Available on request

• Sales £4000 - £5,000 per week plus commissions.
• Trading business plus adjacent vacant shop.
• Total floor area approx. £3,500 sq.ft. (279 sq.m.) including basements.
• Located within densely populated residential area.
• Suitable for owner operation or management.
• Scope to incorporate more lines.
• EPC Rating E.
• LEASEHOLD £40,000 PLUS SAV

Property Information

Property:

Leasehold

Lease Terms:

We are verbally informed that the premises are available by way of a new 6 year local authority lease at a passing rent of £8,000 per annum. Interested parties should seek legal confirmation of this.

Leasehold Rent:

£8,000 per annum

Location:

The business is situated within the densely populated suburb of which lies just to the west of Felling town centre. The surrounding area comprises densely populated residential housing and there are strong levels of captive trade with designated parking to the front for any passing trade.

Premises Details:

The business forms part of a small “village centre” which provides a couple of shops and includes a hot food takeaway plus a pub. A convenience store has operated from this location since the parade opened but the business has been placed on the market by the current owner after nearly 19 years as they are moving into another commercial venture.

The shop is a traditional convenience store and off licence and in addition to the general trade the shop is also a Lotto and Paypoint outlet. The premises are fully fitted and equipped for the trade and included in the sale are wall chillers and freezers together with sales counters and a CCTV system. The shop has strong levels of captive trade being located within a densely populated residential suburb close to a school and there is also some passing trade from the pub nearby.

The business is currently operated by family members and would be most profitable in similar hands but the extensive retail space means that it could be made part of a chain and the lines extended dramatically. There is a large storage and delivery area in the basement which would allow new owners to buy in bulk and maximise margins.

Energy Performance Rating:
E  View EPC Graph for this property

Business Operation

Trading hours:

Monday to Sunday 10.00am - 6.00pm
(client opens later in the summer)

Employees:
Currently operated by family members.

Contact Information

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