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Convenience Store In Jesmond For Sale

Newcastle upon Tyne, Tyne and Wear
Asking Price:
£35,000 Furniture / Fixtures included
Sales Revenue:
£130,000
Cash Flow:
Available on request

We are pleased to offer to the market an opportunity to acquire a new lease for a convenience store and off licence business currently trading in a prime location within the heart of Jesmond, the most affluent suburb of Newcastle upon Tyne.

Business

The business is situated on a street corner within a principal residential area of Jesmond and interspersed amongst other local businesses such as shops and cafes. The location is easy walking distance to local amenities and is within close proximity to the metro station. A new owner could use this to their benefit to develop the current business or to introduce a new trade on the premises.

The business comes fully fitted but is currently underperforming due to restricted opening hours and limited staff. The shop floor ground level currently comprises of an open plan trading area with modern F&Fs including a 4m chiller unit, 3m chest freezer, a filter coffee machine and modern shelving system. Ancillary areas include stockroom space to the rear with W.C. upstairs and large cellar space beneath the shop floor. There is the facility for car parking outside the premises for non residents but restrictions apply.

This location offers the potential and opportunity for a new owner to come in and develop the current business or start a new business within a different classification. Please call us for further details.

Shop Dimensions
Trading Area: 45.2 m² (486 ft²)
Stockroom Area: 5.6 m² (60 ft²)

Financial Information
Leasehold Price
£35,000

Weekly Sales
£2,500

Business Annual Rent
£12,000

Business Rates
Current rateable value £5,200
(Business rates relief available please see below *)

Accounts Available
3 years

Annual Net Profit
Available on Request

Gross Profit Margin
Available on Request

* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) Click here for more information

Premises Licence
The premises has a licence to sell alcohol

Key Features
• Commercial opportunity

• Excellent location

• Fully fitted business

• Car parking outside the premises

• Cellar space beneath shop floor

Property information

Property:

Leasehold

Lease Terms:

New lease available

Leasehold Rent:

£12,000 per annum

Location:

The business located in Jesmond, one of the most affluent residential suburbs of Newcastle upon Tyne. The shop is situated within a principal residential area and dominated by shops and cafes within close proximity to the metro station.

Business Operation

Reasons for selling:

This location offers the potential and opportunity for a new owner to come in and develop the current business or start a new business within a different classification. Please call us for further details.

Trading hours:

Monday – Saturday 3:00 pm – 9:00 pm
Sunday 6:00 pm – 10:00 pm

Employees:
1 non contracted member of staff

Other Information

Furniture / Fixtures value:
£12,000 - included in the asking price
Inventory / Stock value:
£7,500

Contact Information

    1. Your Address

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    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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