Successful Convenience Store For Sale

Business
Please quote reference B08106

CoGoGo are pleased to welcome to the market News and Booze, a thriving convenience store located in the heart of Newcastle-under-Lyme. Situated on the bustling high street, this profitable business enjoys a prime location with high foot traffic, making it a popular destination for local residents and visitors alike.

The store was established in 2010 and came under our client’s ownership in 2020, they have built a loyal customer base over the years, known for its wide range of products and exceptional customer service.

The business offers a wide range of products, including newspapers, magazines, confectionery, snacks, beverages, and essential household items. Additionally, the store is licensed to sell alcohol, further boosting its revenue and attracting a loyal customer base seeking convenient shopping options.

Despite its current success, News and Booze presents numerous opportunities for growth and expansion. One potential avenue is to enhance the store’s product range by introducing fresh produce, organic items, and gourmet products, catering to the growing demand for healthier and premium options. 

Moreover, the store can leverage digital marketing and social media to reach a broader audience, promoting special offers and new products to drive footfall. Collaborating with local businesses for cross-promotional activities can also enhance visibility and attract new customers. Additionally, investing in a user-friendly e-commerce platform with a delivery service can tap into the online shopping trend, offering customers the convenience of home delivery.

News and Booze is more than just a convenience store; it’s a cornerstone of the Newcastle-under-Lyme community. With its prime location, established customer base, and potential for growth, this business offers a lucrative opportunity for those looking to invest in a thriving retail environment.

Location
News and Booze benefits from its strategic position on one of Newcastle-under-Lyme’s busiest thoroughfares. The high street location ensures a steady stream of potential customers throughout the day, from morning commuters and lunchtime shoppers to evening strollers.

Premises
The store’s prominent frontage and clear signage attract a diverse clientele, including local residents, office workers, and passersby, making it a convenient stop for everyday essentials.

Ground Floor:

• Large open plan service
• Store room
• WC

Asset List:

• Central display stands
• Fridges
• Freezers
• Cigarette gantry
• ATM machine

Tenure
This opportunity is being sold on a Leasehold basis with 4 years remaining on a 8 year lease.

The current rent is £950 per month.

Hours
The current trading hours are:

Monday – 7:00am to 10:30pm

Tuesday – 8:00am to 10:30pm

Wednesday to Saturday – 7:00am to 10:30pm

Sunday – 8:00am to 11:00pm

Staff
We are advised this is a family run business with the help of 1 part-time staff member.

Financial Profile
This business generated a turnover of £400,000. Full financials can be made available upon further request.