Old Established Freehold Convenience Store in South Wales For Sale

Semi-detached property, unopposed trading position, residential area, Mid Glamorgan.

Turnover £ 5,500
Price £415,000

Features

Old Established Freehold Convenience Store

DOUBLE FRONTED PREMISES in the region of 850 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED lighting, sales counter, EPOS till, cigarette gantry, modern adjustable shelving, open cool display unit (5 metres), 4.5 metres drinks display fridge (glass fronted upright 6 double-door), 2 x Glass topped deep freezer, display cabinet, CCTV system (4 cameras, 1 monitor).

Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 - £6,000 p.w. with a Gross profit of 25% approx.

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

NATIONAL LOTTERY £50 per week approx.
PAY POINT £40 per week approx.

Staff

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

Trading Hours

7 Day week
MONDAY - SATURDAY 8am - 8pm
SUNDAY 8am - 2.30pm

Accommodation

THE ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. The accommodation comprises:

4 double Bedrooms (1 en suite)
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Rear garden with lawn, Garage

Tenure

FREEHOLD.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1979, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £415,000 plus STOCK AT VALUATION (£20,000 APPROX.)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 290,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote