Convenience Store for sale

Hookergate Lane, NE39

£275,000

Property Description

Full description

WELL PRESENTED CONVENIENCE STORE - TYNE & WEAR
Long established and highly reputed business
Situated in the desirable town of Gateshead
Advised annual turnover of 450,000
Ideal lifestyle opportunity
Genuine reason for sale
Post Office counter
Walk in condition
Off licence sales
FREEHOLD

Location
This superb, high turnover business is situated on a main through road in the picturesque village of Rowlands Gill, in the large town of Gateshead which is in Tyne and Wear, Rowlands Gill is located on the north bank of the River Derwent with open space and views across the valley. The business is surrounded by many residential properties and as such benefits from a lot of footfall and passing trade. Gateshead is within easy reach via the A184 and the area is served by the A694 which connects to the extensive motorway networks beyond.

Business History
Meridian Business Sales are delighted to offer to the market this well established convenience store which has been in our client's careful hands for 25 years. The only reason this excellent business is being offered to the market is due to our clients desire to take well deserved retirement. Since the business was established our clients have continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively. Our clients advise us that the annual turnover currently runs at 450,000 which is derived from the sale of a variety of goods and services including newspapers, magazines, cards, general convenience items, and chilled, frozen foods and alcohol. The business offers Post office services, an ATM and lottery which attracts further custom. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. With the benefit of owners accommodation, which could be let, this is a superb opportunity to purchase a true lifestyle business in a semi rural area in the UK and as such early viewing is strongly advised as this excellent business is not to be missed.


Financial Profile
Turnover: 450,000pa
Stock (approx) 20,000
Post office concession 3,000 plus commission

Tenure
We are advised Freehold

Opening Hours

Monday: 6:30am - 9:00pm
Tuesday: 6:30am - 9:00pm
Wednesday: 6:30am - 9:00pm
Thursday: 6:30am - 9:00pm
Friday: 6:30am - 9:00pm
Saturday: 6:30am - 9:30pm
Sunday: 6:30am - 9:30pm

Accommodation

Detached well signed premises briefly comprising:

GROUND FLOOR

Sales area comprising:
Post Office Counter
ATM machine
Lottery and Pay point facility
Well equipped for business including:
Central shelved area
Newspaper/magazine/card display
Alcohol/refreshment display area - 2 large drinks fridges
Chilled food display - dairy cabinet
Frozen Food area - 2 large chest freezers, 2 small chest freezers
Double and single wine cabinet
Compressor (air conditioning)

Store room with 2 back up fridges
Two further storerooms

WC


FIRST FLOOR - Excellent owners' accommodation briefly comprising:

Landing
Boiler/airing cupboard
Kitchen/diner
Sitting room
Fitted Bedroom
Bathroom


EXTERNAL
Car park to the front
Double gates to rear

Nearest stations

  • Wylam (3.3 mi)
  • Blaydon (3.7 mi)
  • Prudhoe (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Wylam (3.3 mi)
  • Blaydon (3.7 mi)
  • Prudhoe (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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