Search more Newsagents for sale in South Wales
Reference C9140

Newsagent in South Wales For Sale

Newsagent in South Wales For Sale
Newsagent in South Wales For Sale Buy a Newsagent in South Wales For Sale Sell a Newsagent in South Wales For Sale Newsagent in South Wales For Sale for Sale Newsagent in South Wales For Sale for Sale Newsagent in South Wales For Sale for Sale

Register to see map and to make an appointment Situated in a parade, residential estate with school nearby, CARDIFF, SOUTH WALES

Turnover 15,000
Price 77,500

Features

Counter News, Confectionery, Tobacco, Greeting Cards, Stationery, Toys

PARKING IN FRONT OF PARADE

SINGLE FRONTED MEDIUM SIZED SALES SHOP in the region of 300 sq. ft. with suspended ceiling. The equipment includes counter, 2 electronic cash registers, ice cream deep freezer, 2 glass topped single door fridges, greeting card display section etc.

Small storage
Office
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages 15,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 800 p.w. Gross profit 18% approx. (It should be noted that under the terms of the lease an off licence for the sale of wines, beers & spirits is not allowed). The business sells on line national lottery tickets plus scratch cards & we understand this provides a commission of between 70/80 p.w).

Staff

The business is at present operated by 2 lady partners with the assistance of 5 part time staff.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 7.30 p.m.
Sunday opening - 8 a.m. - 1 p.m.

Accommodation

The accommodation in the form of a SELF CONTAINED MAISONETTE with FULL GAS FIRED CENTRAL HEATING is at present let on a shorthold tenancy & provides a rental income of 5,000 p.a. The accommodation comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. & wash hand basin
Large Lounge/Dining Room
Kitchen

Outside

Driveway with parking

Tenure

We understand the Council are prepared to grant, subject to satisfactory references, a new 15 years full repairing and insuring lease at a rental of 5,000 p.a. exclusive of rates for the first 1 year increasing at that time to 8,000 p.a. exclusive of rates for the next 4 years with rent review at that time and thereafter every 5 years.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 25 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 77,500 plus STOCK AT VALUATION (20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 38,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

Search more Newsagents for sale in South Wales

Buy a Newsagent in South Wales For Sale on NationwideBusinesses.co.uk