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Reference G7418

Convenience Store, Newsagent and Off Licence in South Wales For Sale

Convenience Store, Newsagent and Off Licence in South Wales For Sale
Convenience Store, Newsagent and Off Licence in South Wales For Sale Buy a Convenience Store, Newsagent and Off Licence in South Wales For Sale Sell a Convenience Store, Newsagent and Off Licence in South Wales For Sale

Register to see map and to make an appointment End of terrace, busy road, residential area, SOUTH WALES

Turnover 7,500
Price 57,500 / 154,500

Features

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

SINGLE FRONTED SALES SHOP probably in the region of 300 sq. ft. sales area all recently newly fitted at considerable expense, suspended ceiling with concealed lighting, modern adjustable shelving, centre display gondola, 2-2.25m open cool display units, counter, electronic cash register, double door glass fronted display deep freezer, ice cream deep freezer, magazine display shelving etc.

Cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages 7,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 450 p.w. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 50 p.w. The business also has Paypoint.

Staff

The business is at present operated by the vendor with the assistance of his wife on a part time basis plus 1 part time staff employed. 2 morning newsrounds. Delivery charge 1.20 p.w.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 8 p.m.
Sunday opening - 8 a.m. - 4.30 p.m.

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over is at present used partly for stock purposes, comprises:

1 Small Double Bedroom
Shower room with shower, w.c. & wash hand basin
Lounge with fitted kitchen area

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of 8,500 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 57,500 plus STOCK AT VALUATION (15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 154,500 plus STOCK AT VALUATION (15,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 28,750 (lease) 108,150 (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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