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Reference G6987

Convenience Store, Newsagent and Off Licence in Swansea For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, residential area, WEST GLAMORGAN, SOUTH WALES SWANSEA

Turnover 8,500
Price 50,000

Features

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

SPACIOUS SALES SHOP occupying a corner position approximately 800 sq. ft. sales area, non-slip floor & well equipped including 1-2m open cool display unit (used for soft drinks), 2 ice cream deep freezer, 1 double door glass fronted display fridge (on loan from Pepsi Cola), 1 deep freezer, 1-2m open cool display unit (used for wines & beers), counter, electronic cash register etc.

Large stockroom with wooden shelving
Staff w.c. & wash hand basin

Lift to basement area comprising 3 rooms, ideal for storage purposes

Turnover

WE ARE INFORMED the turnover averages 8,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 250 p.w. We are advised that the gross profit is in the region of 20%/25%. We understand the business has an external ATM machine.

Staff

The business is at present operated by a husband & wife team on a part time basis with the assistance of 2 part time staff.

Trading Hours

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

Outside

Yard at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a rental of 10,000 p.a. exclusive of rates. (We understand there is a rent revision due in 2020, however at the present time the present tenant has not received any request for increase). We are further advised that the rent reviews are every 5 years.

Uniform Business Rates: Nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS
50,000 NO OFFERS plus STOCK AT VALUATION (10,000/15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

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

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