Unopposed Supermarket in South Wales For Sale

Situated in a small parade, unopposed trading position, residential area, South Wales

Turnover £ 18,000
Price £250,000

Features

Impressive well Fitted Supermarket (counter News Sales and off Licence)

LARGE FORECOURT FOR CUSTOMER PARKING

TRIPLE FRONTED PREMISES in the region of 1,820 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED lights, , sales counter, EPOS till, cash register, cigarette draw, modern adjustable shelving, 2 large open cool display unit, 2 glass topped deep freeze, CCTV system (8 cameras, 1 monitor).

2 Stock rooms.

Toilet with w.c. and wash hand basin.

Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £18,000 p.w. with a Gross profit of 22% approx.. Wholesale newsbill £400 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £70 per week approx.
PAY POINT £10 per week approx.
PARCEL SERVICES £200 per week approx.

Staff

The business is at present operated by the vendor with 3 full time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 6am - 7pm
SUNDAY 7am - 1pm

Tenure

The vendor owns the Long Leasehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease with rent reviews every 4 years at a current rent of £30,000 p.a.

Business Rates from April 2024 £5,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1992, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION (£50,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote