Well Established Licenced Convenience Store With Huge Scope For Sale Whickham, Tyne and Wear, United Kingdom Advert ref: CTN044NE Business description
Lakey & Co are delighted to offer For Sale this long established Licenced Convenience Store business situated in a densely populated location close to Whickham town centre. Currently taking £2,500 per week on short hours, the business benefits from a near monopoly position and offers a huge opportunity for a future owner to really increase turnover. This business would make a perfect first venture or an excellent add on for an existing operator, looking to buy an additional business.
Trading hours: Monday-Saturday: 7.00am-12.30pm and 2.00pm-7.00pm
Property: Leasehold
Lease terms
The premises are leasehold with a secure council lease and a rental of £2,500 per year. The business rates payable are £50 per month.
Location
This Convenience Store business benefits from a good location in a densely populated area of Whickham with a mixture of council and private housing and ample on street parking.
Expansion potential
This business offers huge potential to increase sales for a purchaser who is prepared to invest in both additional stock and increased hours. The business has not been trading to its full potential due to our clients other commitments and offers huge growth prospects in the right hands.
Competition / Market
The business operates from a unique and prominent location with no immediate competition.
Reasons for selling
The business is being sold for family reasons.
Financing available
This business opportunity should support finance-subject to status. Please contact Lakey & Co who can put you in touch with impartial and independent commercial finance brokers.
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| | Financial details Asking price: £19,500
Sales revenue: £130,000
Net profit: < £100k
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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