| (REF: 2419) Thriving Off Licence and Newsagents in Whitley Bay |
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| Seller Reference: |
2419 |
| B4S Reference: |
25875 |
| Asking Price: |
£62,000
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| Net Profit: |
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| Sales Revenue: |
£250,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Whitley Bay, Tyne and Wear, United Kingdom |
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Preferred Commercial is delighted to offer for sale this thriving off licence and newsagents, which was established in 1991 and has been in our client’s careful hands since 2008. The business is only now offered to the market due to our client’s wish to retire. The premises are well-equipped to suit the trade with a spacious sales area with numerous product displays and a laPreferred Commercial is delighted to offer for sale this thriving off licence and newsagents, which was established in 1991 and which has been in our client's careful hands since 2008. The business is only now offered to the market due to our client's wish to retire. The premises are well-equipped to suit the trade with a spacious sales area with numerous product displays and a large stock room. The business has an excellent reputation and a large customer base. Our client offers a wide range of high quality products including alcohol, general CTN lines and convenience lines. The business trades 7 days a week and generates a turnover in the region of £250,000 per annum with a gross profit of 22%. We feel this could be further increased by extending the range of products available. This is an ideal opportunity to acquire an already thriving off licence and newsagents with huge scope for future development. Early negotiations with Preferred Commercial must come highly recommend. rge stock room. The business has an excellent reputation and a large customer base. Our client offers a wide range of high quality products including alcohol products, general CTN lines and convenience lines. The business trades 7 days a week and generates a turnover in the region of £250,000 per annum with a gross profit of 22%. We feel this could be further increased by extending the range of products available. This is an ideal opportunity to acquire an already thriving off licence and newsagents with huge scope for future development. Early negotiations with Preferred Commercial must come highly recommend.
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Property: |
Leasehold |
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Lease Terms: |
Original length: 10 years
Remaining: 7 years
Review: every 5 years
Rent: £9,000 per annum
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Current Rent: |
9000 per annum |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Substantial ground floor lock-up retail premises. Briefly comprising:
Ground Floor
• Spacious sales area with double aisle display, 3 x drinks refrigerators, 2 alcohol refrigerators, shelving to perimeter walls and counter with electronic cash register and magazine racks
• Large storeroom to rear with shelving and security cage
External
• Secure yard with garage
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Location: |
Whitley Lodge News & Wine occupies substantial ground floor lock-up corner premises ideally located in Whitley Bay, Tyne and Wear. The premises occupy a prominent corner position at the junction of two busy road and benefit from ample on-street parking and are surrounded by a large residential area. There are a number of bus routes serving the area and the Metro station is within easy walking distance. The business boasts easy access to the A-road network and the sea front is less than a mile away. Whitley Bay is a popular tourist destination that is undergoing multi-million pound regeneration. Newcastle upon Tyne lies less than 10 miles away. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Mon - Sun: 7:00am to 9:00pm |
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