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Profitable Ctn And Off Licence Business For Sale

Gateshead, Tyne and Wear
Asking Price:
£99,950 Furniture / Fixtures included
Turnover:
£702,000
Net Profit:
Available on request

A good opportunity to purchase a well established business on a main street in a suburb of Gateshead.

The shop is well positioned within a dense residential area and benefits from exceptionally low rent of only £433 per month. The business operates on a good net profit of around 23% and offers very little in the way of low profit goods. Sales are mainly generated from off licence, drinks & confectionery with tobacco sales lower than average at around 25%. Services provided include Lottery & PayPoint. There is opportunity to increase sales through extending the opening hours.

Fixtures & Fittings included are 1x 3.7 m and 1 x 2.5 m chiller, 1m ice cream freezer & 1.3m standing freezer.

The business is currently family run with 2 members of staff. There is a genuine reason for sale as the owner has other commitments.

Leasehold Price: £99,950
Weekly Sales: £13,500
Annual Business Rent: £5,196

Business Council Rates: Zero Rateable

Accounts Available
3 Years

Annual Net Profit
Available on Request

Gross Profit Margin
23 %

Premises Licence
The premises has an alcohol licence

Ground Floor
Retail Area 44 m² (473 ft²)
Storerooms Total 21m² (221 ft²)

Key Features
• Very Low Rent £433 per month
• Profitable CTN & Off Licence Business
• Well Re-fitted Trading Area

Property information

Property:

Leasehold

Lease Terms:

17 years remaining

Leasehold Rent:

£5,196 per annum

Location:

Located in a densely populated area on a main road in a suburb of Gateshead.

Business Operation

Reasons for selling:

The business is currently family run with 2 members of staff. There is a genuine reason for sale as the owner has other commitments.

Trading hours:

Monday – Saturday 7am – 9:30pm
Sunday 8am – 9:30pm

Employees:
2 contracted staff

Other Information

Furniture / Fixtures value:
£25,000 - included in the asking price
Inventory / Stock value:
£17,500

Contact Information

    1. Your Address

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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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