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Reference G7922

Convenience Store in South Wales For Sale

Register to see map and to make an appointment Situated in a terrace, residential area approximately 20 miles from GWENT, SOUTH WALES

Turnover 8,000
Price 50,000 / 250,000

Features

Village Self Service Convenience Store, News, Confectionery, Tobacco, Full Free off Licence

The business has been in the same hands for the past 28 years & is now offered for sale due to the vendors retirement.

SINGLE FRONTED MEDIUM SIZED SALES SHOP with tiled floor, fluorescent lighting. The equipment includes counter, electronic cash register, ice cream deep freezer, glass topped chest display deep freezer, 1-2.75m open cool display unit (used for soft drinks plus dairy produce), 1 single door glass fronted display fridge (used for wines), 1 double door glass fronted display fridge (used for beers & cider), shelving etc.

Small stockroom plus small kitchen area

Turnover

WE ARE INFORMED the turnover averages 8,000/9,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 950 p.w. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 140 p.w. The business also has Paypoint. In addition there is an internal ATM machine which we understand provides a further revenue of approximately 350 per month.

Staff

The business is at present operated by a husband & wife team & no staff are employed. 2 morning newsboys employed plus 1 Sunday newsboy employed. Delivery charge 10p per paper per day.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 8.30 p.m.
Sunday opening - 7 a.m. - 8 p.m.

Accommodation

Internal access to the first floor accommodation DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. & wash hand basin
Lounge
Small kitchen area (needs fitting)

Outside

Yard at rear

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of 12,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable after small business relief

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 28 YEARS AND IS NOW OFFERED FOR SALE AS THE VENDORS WISH TO RETIRE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 50,000 plus STOCK AT VALUATION (10,000/15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 250,000 plus STOCK AT VALUATION (10,000/15,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 25,000 (lease) 175,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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