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Profitable Convenience Store And Off Licence For Sale

Newcastle-upon-Tyne, Tyne and Wear, UK
Freehold Price:
£235,000 Furniture / Fixtures included
Leasehold Price:
£125,000 Furniture / Fixtures included
Turnover:
£484,432
Net Profit:
On request

Well-established independent convenience store and off licence generating impressive weekly sales of £9,316, available as either a leasehold business or with the freehold property. Situated on a prominent main road location in Newburn, Newcastle upon Tyne, this fully equipped retail business offers a proven trading history with multiple additional income streams.

The business sells a comprehensive range of convenience groceries, chilled and frozen foods, confectionery, tobacco products, newspapers, magazines and alcoholic beverages. Additional revenue is generated through National Lottery, PayPoint and parcel collection services, creating regular customer footfall and repeat business. The store benefits from a modern retail fit-out including LED lighting, CCTV security, quality refrigeration equipment and a PayPoint EPOS till system.

Currently operated by one full-time and two part-time employees, the business offers genuine lifestyle flexibility for either an owner-operator or an investor seeking an employee-run operation. The premises comprise approximately 50m² of ground floor retail space, including a spacious trading area, storage facilities and staff amenities. New lease terms are available for leasehold purchasers, whilst the freehold option includes the ground floor commercial premises only.

Full support can be provided to ensure a smooth handover, allowing a new owner to continue trading with minimal disruption.

Enquire today to receive further financial information and arrange a viewing of this established retail business.

Property Information

Property:

Available as freehold and leasehold

Location:

This shop is located in Newburn, Newcastle upon Tyne in the North East of England and by the main road and close to public transport links.

Premises Details:

Ground floor retail premises comprising a fully fitted trading area, storage room and staff toilet. The premises extend to approximately 50m² and occupy a prominent roadside trading position.

Size in square feet:
538 sqft
Planning Consent:

A1/A2 Retail and Financial/Professional Services use.

Business Operation

Expansion Potential:

Opportunities exist to increase turnover through extending product ranges, expanding convenience services, strengthening social media presence, increasing local marketing and enhancing parcel collection and delivery services.

Competition / Market:

Well-established independent convenience store serving the local residential community with a loyal customer base and multiple essential services.

Reasons for selling:

Available on request.

Trading hours:

Monday to Friday: 8:00am – 11:00pm
Saturday & Sunday: 8:00am – 10:30pm

Employees:
1 full-time employee and 2 part-time employees.

Other Information

Support & training:

Comprehensive handover and training available.

Financing available:

Available on enquiry.

Leasehold asking price:
£125,000 - Furniture / Fixtures included
Home based:
This business can be run from home