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Reference G8196

Convenience Store & Off Licence in South Wales For Sale

Convenience Store & Off Licence in South Wales For Sale
Convenience Store & Off Licence in South Wales For Sale Buy a Convenience Store & Off Licence in South Wales For Sale Sell a Convenience Store & Off Licence in South Wales For Sale Convenience Store & Off Licence in South Wales For Sale for Sale Convenience Store & Off Licence in South Wales For Sale for Sale

Register to see map and to make an appointment Situated in a terrace, residential village, GWENT, SOUTH WALES

Turnover 8,500
Price 50,000 / 175,000

Features

Village Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence Plus On Line National Lottery

SPACIOUS SINGLE FRONTED SALES SHOP with tiled floor, suspended ceiling. The equipment includes 2 glass fronted chest display deep freezers, 1 large cool display unit (used for dairy produce milk etc), 1 additional open cool display unit (used for wines & beers) plus 1 further open cool display unit (used for soft drinks), shelving, electronic cash register, counter, display gondola etc.

Small stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 8,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 150 p.w. We are further advised that the gross profit is in the region of 20%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission on average of approximately 120 p.w. The business also has Paypoint.

Staff

The business is at present operated by the vendor with the assitance of 2 full time staff.

Trading Hours

Monday - Saturday inclusive - 8 a.m. - 9 p.m.
Sunday opening - 9 a.m. - 8 p.m.

Accommodation

The accommodation DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen with fitted units

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 10 years full repairing and insuring lease at a rental of 13,200 p.a. exclusive of rates for the first 5 years with rent to be agreed thereafter.

Uniform Business Rates: Nil payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 4 YEARS AND IS NOW OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 50,000 plus STOCK AT VALUATION (20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 175,000 plus STOCK AT VALUATION (20,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 25,000 (lease) 122,500 (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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