Counter Newsagents and Post Office in South Wales For Sale

Busy parade, large residential area, SOUTH GLAMORGAN, SOUTH WALES

Turnover £ 3,500
Post Office £ 17,000
Price £30,000

Features

Traditional Counter News, Confectionery, Tobacco, Greeting Cards, Stationery, On Line National Lottery Plus Post office Local The Business Cannot Sell Alcohol

**PLEASE NOTE THE LEASE RESTRICTS THE SELL OF ALCOHOL**

SINGLE FRONTED SALES SHOP in the region of 500 sq. ft. sales area with tiled floor, LED lighting. Fully equipped including post office combination counter, electronic cash register, ice cream deep freezer, 3m open cool display unit, 1 double door glass fronted display fridge, 2 deep freezers, modern shelving, 4 greeting card display stands etc.

Stockroom
Staff w.c. & wash hand basin
Kitchen

Turnover

WE ARE INFORMED the turnover averages £3,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £700 p.w. We are further advised that the gross profit is in the region of 25% approx. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £120 p.w. Post Office income £17,000 p.a.

Staff

The business is at present operated by the vendor with the assistance of family help.

Trading Hours

6.30 a.m. - 7 p.m. seven days per week

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over, could be rented to provide a rental income of £650 per calendar month. The SELF CONTAINED FLAT DOUBLE GLAZED & with GAS FIRED CENTRAL HEATING, comprises:

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

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 5 years unexpired at a rental of £10,000 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafter every 3 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 6 YEARS

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £30,000 plus STOCK AT VALUATION (£10,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 15,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote