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 £65,000 + SAV | Ref: G35253V