Convenience Store and Off Licence Based in Whitley Bay
£65,000
£195,000
TBC
Overview
Leasehold
1975
- Very Loyal Customer Base
- Huge Growth Potential
- Low Overheads
- Equipment Included
- Strong Supplier Relationships
Located on Station Road in Whitley Bay, this well-established convenience shop enjoys a prime location that benefits from high foot traffic, thanks to its proximity to local businesses and the nearby Metro station.
With a rich history of over 50 years at this location and under the same ownership for the past four years, the shop has cultivated a solid customer base. Situated just a five-minute walk from the beach, it attracts both locals and tourists.
The shop offers a comprehensive range of everyday essentials, including groceries, milk, bread, alcohol, cigarettes, confectionery, and snacks. It also provides additional services such as PayPoint, lottery sales, and Amazon pick-up and drop-off, making it a convenient stop for the local community and commuters alike. Equipped with two tills—one for cash transactions and another dedicated to PayPoint services—the shop is well set up to handle diverse customer needs efficiently.
Given its excellent location, established clientele, and the potential for extending operating hours, this convenience shop represents a profitable opportunity for new ownership. It is particularly suitable for a family looking to take on a stable and growing local business, with promising income prospects and room for further expansion.
The business operates from 7 am to 9 pm Monday through Saturday and from 8 am to 6 pm on Sundays, with a license available to extend operating hours until 11 pm if desired. Currently, the shop is run by the family without additional staff. Despite the current owner’s recent reduced availability due to having a baby, the shop has maintained a steady trade, primarily driven by the sales of drinks, crisps, chocolates, and alcoholic beverages, which are noted for their high profitability.
The store's premises include two storerooms, a shower room, and a small area designated for CCTV operations. The shop is equipped with a large drinks fridge, a beer fridge, and a freezer, and the shelving is in good condition, negating the need for any refurbishment.
This convenience shop has substantial growth potential. Currently, it operates fewer hours than permitted due to the owner's limited availability. Extending hours to the full 11 pm license could boost evening sales, especially for convenience items and alcohol, potentially increasing revenue to £7,000 including VAT.
Expanding the product range to include more diverse snacks, beverages, and groceries can attract a broader customer base, especially during the summer when the nearby beach sees an influx of tourists.
Further opportunities include local promotions, loyalty programs, and developing an online presence for click-and-collect services to attract more customers and encourage repeat business.
Positioned strategically near a Metro station, the shop serves commuters and visitors, offering a reliable stop for essentials.
Features
Online Presence
Location
- Close to Local Businesses
- High Footfall
- Nearby Car Parking
- Good Transport Links
- Limited Competition