Business for Sale in Newcastle under Lyme, Staffordshire **PRICE REDUCED** Leasehold Convenience Store + 2 Flats - Newcastle-under-Lyme, Staffordshire

Key Information

Reference

G35253V

Tenure

Leasehold

Status

Under Offer

Region

Staffordshire

Sector

Convenience Stores

Rent Payable

£17,000 pa

Business Rates

NIL (Small Business Relief)

Accommodation

2 X One-Bedroom Flats

Business Information

EMF is delighted to offer for sale a Newcastle-Under-Lyme based symbol group style Convenience Store and Off Licence. This leasehold business comes complete with two one-bedroom flats, currently, let out on assured shorthold tenancy agreements (ASTs) for £550 pcm. The shop has a Net Internal Area (NIA) of 875 sq. ft. and has a respectable rent (including the two flats) of only £17,000 per annum.

The shop has NET weekly sales of £5,436 with a 26% GROSS margin showing £74,886 in GROSS PROFIT, with an additional £2,318 in commission from Lotto/Paypoint and £13,200 in rental income. We estimate the shop along with combined rental income would produce a full-time working owner with a profit of around £49,000 pa.

• £17,000 Rent (inc 2 flats - £13,200 rent pa)
• Shop rent NETs off at only £317 per month
• 875 sq. ft. of total floor space
• Both flats currently let out at £550 pcm
• Situated close to the town centre

Offers around £55,000 + SAV | Ref: G35253V