Profitable South Wales Convenience Store & Off Licence For Sale

Business description

SPACIOUS DOUBLE FRONTED SALES SHOP approx. 700 sq. ft. sales area with tiled floor, suspended ceiling. The equipment includes modern adjustable shelving, till with scanning, 2 centre display gondolas, 2 glass topped chest deep freezes, 1 large open cool display unit (used for dairy produce and milk), 3 upright double door fridges (all owned) etc.

Stockroom
Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Freehold

Lease terms:

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 £15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £700 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises: 2 Double Bedrooms Bathroom with bath, w.c. and wash hand basin Large Lounge Kitchen with fitted units

Location:

Residential estate, small town, SOUTH WALES

Business Operation

Expansion potential:

WE ARE INFORMED the turnover currently averages £8,000 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 22% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approximately £150 p.w.. The business also has a Paypoint and we understand that this provides a commission of approx. £200 per month

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION (£20,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £320,000 plus STOCK AT VALUATION (£20,000 approx). SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 7.30 a.m. - 9 p.m.
Sunday opening - 9 a.m. - 9 p.m.

Employees:

The business is at present operated by the owners on a part time basis with the assistance of 1 full time and 2 part time staff. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance

Leasehold asking price:

£59,500