Convenience Store for sale in New Tredegar

New Tredegar, South Wales


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Residential estate, small town, SOUTH WALES

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 national lottery 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. We are further advised that the sales for the period 30th April, 2009 to the 30th April, 2010 showed sales of £421,225 with a gross profit of £90,557.

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

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

Monday - Sunday inclusive - 8 a.m. - 9.30 p.m.

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
Viewing Strictly by appointment.

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business information

Sale price: £59,500
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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