Convenience Store with Off Licence in Port Talbot For Sale

Situated in a parade, busy road, residential & industrial area plus opposite Rugby Club, WEST GLAMORGAN, SOUTH WALES PORT TALBOT

Turnover £ 5,500
Price £65,000

Features

Convenience Store & off Licence with Pay Point and National Lottery

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS to SPACIOUS SALES SHOP, in the region of 400 ft², with tiled floor, suspended ceiling with LED lighting.

Fully equipped including sales counter, electric cash register. 2 open display chillers, deep freeze, slush machine (on lease), adjustable shelving, centre display gondola, etc.

Staff cloakroom with toilet and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a Gross profit of 22% approx. Snappy shopper deliveries are undertaken at £650 p.w.

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

PAY POINT WITH COLLECT PLUS £40 per week approx.
NATIONAL LOTTERY £20 per week approx.

Staff

The business is at present operated by the Husband & Wife team

Trading Hours

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

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £350 per month . The accommodation comprises:

1 Large bedsitting room.
Kitchen / Lounge
Shower room with shower, w.c. and wash hand basin.

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £12,600 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote