Modern Convenience Store plus Off Licence in South Wales For Sale

Situated in a Parade, prominent trading position, residential area, Blaenau Gwent.

Turnover £ 4,500
Price £59,500 / £320,000

Features

Modern Convenience Store Plus off Licence

REOPENED 2024

DOUBLE FRONTED PREMISES in the region of 700 ft² WITH ELECTRIC SHUTTERS, industrial non-slip floor, suspended ceiling with LED Panel lights, sales counter, cigarette gantry, cash register, modern adjustable shelving, 2 x drinks display fridge (glass fronted upright double-door), glass fronted upright six-door Fridge (3.75 meters), glass fronted upright double-door freezer, CCTV system (9 cameras, 1 monitor)

Basement in the region of 700 ft²
Large Room
Show with w.c. and wash hand basin.
Kitchen.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 22% approx.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 8.30am - 8.30pm

Accommodation

THE SELF CONTAINED ACCOMMODATION WITH THE FREEHOLD OR OPTIONAL EXTRA ON THE LEASE, with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £480 per month. The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Bathroom with bath, w.c. and wash hand basin.
Kitchen.
Lounge.

Outside

Parking space for 1 car.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease (shop only) with rent reviews every 4 years at a starting rent of £10,800 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2006, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION (£25,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £320,000 plus STOCK AT VALUATION (£25,000 APPROX.)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,750 (lease) £ 224,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote