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Reference G8717

Convenience Store plus Delicatessen in South Wales For Sale

Convenience Store plus Delicatessen in South Wales For Sale
Convenience Store plus Delicatessen in South Wales For Sale Buy a Convenience Store plus Delicatessen in South Wales For Sale Sell a Convenience Store plus Delicatessen in South Wales For Sale Convenience Store plus Delicatessen in South Wales For Sale for Sale Convenience Store plus Delicatessen in South Wales For Sale for Sale Convenience Store plus Delicatessen in South Wales For Sale for Sale Convenience Store plus Delicatessen in South Wales For Sale for Sale Convenience Store plus Delicatessen in South Wales For Sale for Sale Convenience Store plus Delicatessen in South Wales For Sale for Sale

Register to see map and to make an appointment Semi-detached property, excellent trading position, residential area, GLAMORGAN, SOUTH WALES

Turnover £ 19,500
Price £250,000

Features

General Stores with News, off Licence, National Lottery Plus Delicatessen

DOUBLE FRONTED PREMISES in the region of 450 ft² WITH ELECTRIC SHUTTERS. Vinyl floor, suspended ceiling with spotlights. Air conditioning with hot air. Sales counter, cigarette gantry, 4m open cool display unit, modern adjustable shelving, ice cream freezer, glass fronter dairy fridge, etc,

DELICATESSEN SECTION. Cool display counter with refrigerated storage section.

KITCHEN. 2 fridges, deep freezer, sink and drainer, microwave oven, 2 grills, etc

Turnover

WE ARE INFORMED by the owner the turnover currently averages £19,500 p.w. with a Gross profit of 30% approx.. Wholesale newsbill £300 p.w.

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

NATIONAL LOTTERY £80 per week approx.
PAY POINT £20 per week approx.
ATM £200 per month approx.

Staff

The business is at present operated by the vendor with 2 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 6am - 10pm
SUNDAY 7am - 9pm

Accommodation

THE ACCOMMODATION IN THE FORM OF A SELF CONTAINED FLAT. Gas Fired Central Heating, Double-glazed windows, in good condition, entrance via door to the left of the shop to:

Kitchen
Lounge

Stairs to..
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. and separate wash hand basin

Outside

Rear garden with lawn

Tenure

The vendor owns the Freehold and subject to satisfactory references is prepared to grant a new secure 16 years full repairing and insuring lease at a rent of £24,000 p.a. for the first 4 years with rent reviews every 4 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, 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

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