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General Store & Off Licence in South Wales For Sale

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

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

Turnover 5,500
Price 55,000 / 225,000

Features

Village Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence

The business has been in the same hands for the past 32 years & is now solely offered for sale due to retirement.

SPACIOUS SALES SHOP in the region of 1,000 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. Air conditioning unit. 1 6-door glass fronted cool display unit (used for soft drinks & beers), 1 4-door glass fronted cool display unit (used for dairy produce, milk etc), 12 large glass fronted chest display dep freezers, ice cream deep freezer, shelving, display gondolas, 5 greeting card display stands with drawers under, 1 revolving card stand etc.

Small stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 5,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 350 p.w. The business sells scratch cards & we understand this provides a commission of approximately 20 p.w. We are further advised that the sales year ending 30th April, 2018 showed sales of 192,660 with a gross profit of 59,362.

Staff

The business is at present operated by a husband & wife team with the assistance of 1 full time staff.

Trading Hours

Monday - Friday inclusive - 6.15 a.m. - 7.30 p.m.
Saturday opening - 6.30 a.m. - 7.30 p.m.
We are further advised that the business closes for lunch each day from 1 p.m. - 2 p.m.
Sunday opening - 6.30 a.m. - 1 p.m. only

Accommodation

INTERNAL ACCESS to FIRST FLOOR accommodation, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

4 Double Bedrooms
Lounge
Kitchen

Outside

Medium sized garden

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of 12,500 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: Nil payable after small business relief

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 32 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 55,000 plus STOCK AT VALUATION (12,000/13,000 at cost)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 225,000 plus STOCK AT VALUAITON (12,000/13,000 at cost)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 27,500 (lease) 157,500 (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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