Convenience Store with Off Licence in Tyne and Wear For Sale

Detached property, excellent main road trading position, residential, office and commercial area, Tyne and Wear

Turnover £ 12,000
Price £185,000

Features

Well Established Covinience Store Plus Off Licence

PARKING FOR 5/6 CARS

IMPRESSIVE QUAD FRONTED RETAIL SHOP in the region of 2,750 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED Panel lighting, sales counter, 2 EPOS tills, cigarette gantry with Vapes display, modern adjustable shelving, 2 x 5 Meter open cool display unit, 2.5 Meter drinks display fridge (glass fronted upright), walls Ice Cream Freezer, Take Home Freezer, Kitchen, CCTV system (13 cameras, 2 monitor).

Stock room with fridges and freezer.

Staff Toilet with w.c. and wash hand basin.

Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,000 p.w. with a Gross profit of 22% approx.. Wholesale newsbill £500 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £50 per week approx.
PAY POINT with COLLECT PLUS £10 per week approx.
PAY ZONE £10 per week approx.

Staff

The business is at present operated by the 2 partners with the assistance of 3 part time staff.

Trading Hours

7 Day week
MONDAY - FRIDAY 6am - 10pm
SATURDAY & SUNDAY 7am - 10pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £500 per month. The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

PLUS ADDITIONAL SECOND SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £500 per month. The accommodation comprises:

3 Bedrooms (2 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in February 2026 with reviews every 5 years (next review 2031) at a current rent of £28,500 p.a.

Business Rates from April 2026 £8,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2026, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £185,000 plus STOCK AT VALUATION (£40,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 92,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote