Semi Detached Convenience Store in South Wales For Sale

Residential area GWENT, SOUTH WALES

Turnover £ 8,000
Price £75,000

Features

Semi-detached Convenience Store, News, Confectionery, Tobacco, Full Free off Licence Plus On Line National Lottery

DOUBLED FRONTED SALES SHOP probably in the region of 750 sq. ft. sales area with tiled floor, ceiling with concealed lighting. Fully equipped including modern adjustable shelving, 1 glass topped chest deep freezer, 1-2m open cool display unit, 1-3m open cool display unit, 1 additional open cool display unit, 3-tier ice cream deep freeze, counter, till with EPOS scanning system (on finance agreement) . 8 cameras, 2 monitors plus recording etc.

Stockroom with racking

Turnover

WE ARE INFORMED the turnover currently averages £8,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £350 p.w. Gross profit 20% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approximately £20 p.w.

Staff

The business is at present operated by a husband and wife team and no staff are employed.

Trading Hours

7 a.m. - 10 p.m. seven days per week

Accommodation

OPTIONAL ACCOMMODATION - Available on a assured short hold tenancy (6 month - 2 year term) at a rental of £700 pcm.

The SPCAIOUS living accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:

5 Double Bedrooms
Bathroom with bath, separate shower, w.c. & wash hand basin
Additonal bathroom with bath, w.c. & wash hand basin
Large Lounge / Diner
Kitchen with fitted units

Outside

Garden

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared, in respect of the shop only, to grant a new 15 years full repairing and insuring lease with rent reviews every 3 years at a rent of £12,000 p.a. for the first 3 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2009, AND OFFERED FOR SALE SOLELY DUE TO OWNER'S RETIREMENT

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION (£20,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote