Christie & Co instructed to market family-run off licence in Newcastle

Shari’s News is conveniently located on Shields Road, a busy route running through Byker, Walkerville and Wallsend into Newcastle City Centre. The family-run store is within close proximity to several commercial businesses, which ensures good footfall. The property comes with a three bedroom house that has a spacious dining and living area, and a conservatory, making it ideal for a new owner-operator.

Father and daughter, Shangara and Sandy, have run the business over the last 35 years as a partnership and established a great range of essential products. There are opportunities for a new owner to introduce other services such as food to go, a coffee machine, and to increase trading hours which would maximise profits.

They comment, “As a family we have worked together and built the business to what it is today.  It has been a long journey with a lot of hours and hard work. There is a scope for a new owner to grow the business further especially by introducing home deliveries, as well as hot and cold snacks.”

Andrew Birnie, Director at Christie & Co, who is handling the sale, comments, “We expect the business to sell to an owner-operator since the business is combined with a family home. This is a great opportunity to work for yourself and it brings the phrase ‘working from home’ to a different level. With average weekly sales of around £7,000 and on good margins, this should appeal to a range of buyers.”

Shari’s News & Off Licence is on the market on a freehold basis, at offers over £275,000 plus stock.

For further information on this press release, contact:

Bronte Hughes, Corporate Communications Executive

P: 07721 420 656 or E: bronte.hughes@christie.com  
 

Contact the agent:

Andrew Birnie, Director – Retail North

M: 07734 553 272 or E: andrew.birnie@christie.com

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