Convenience Store for sale in Swansea

Swansea, South Wales


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade of shops, excellent main road trading position, residential & commercial area, WEST GLAMORGAN, SOUTH WALES

We are informed the turnover is currently in the region of £14,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. In addition the business is agents for on line national lottery tickets plus scratch cards & we understand this provides a further income of between £100 p.w. PLEASE NOTE THE BUSINESS IS CURRENTLY UNDER A FRANCHISE AGREEMENT FOR A PERIOD OF 2 YEARS. FRANCHISE FEE PAYABLE £80 P.W. (We understand the Franchise Agreement includes the removal of any rubbish by the Company).

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease in respect of the shop premises at a rental of £16,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years. (Alternatively should the adjoining 3 bedrooms accommodation be required, the vendor subject to satisfactory references, is prepared to grant a new 20 years full repairing and insuring lease in respect of the shop with accommodation at a rental of £20,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years).

RECOMMENDED FOR EARLY INSPECTION

Adjacent to the shop, available as an optional extra comprises a MODERN SEMI-DETACHED HOUSE with:

3 Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Large Garden. Private driveway

Monday - Saturday inclusive - 7 a.m. - 11 p.m.
Sunday opening - 8 a.m. - 10 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £84,500 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £84,500
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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