Newsagent for sale in Penysarn

Penysarn, North Wales


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

The business is situated close to an industrial estate, schools, golf course & close to the sea, residential area, market town NORTH WALES

WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,200 p.w. We are further advised that the gross profit is in the region of 24%. In addition the business receives a commission currently of between £150/£180 p.w. in respect of the sale of on line national lottery tickets plus scratch cards. We are further advised that the sales year ending 1st Apri, 2015 showed £312,512 with a gross profit of £71,827.

Uniform Business Rates: Nil payable at present after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 22 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

REDUCED FOR EARLY SALE

The accommodation in the form of a SELF CONTAINED MAISONETTE over DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, LAMINATED STRIP FLOORS, is at present let on a shorthold tenancy & provides a rental income of £450 per month, however, we understand that vacant possession can be given on completion. The accommodation comprises:

First Floor
Large Lounge/Dining Room
Fitted Kitchen with gas hob & electric fan assisted oven
Fully tiled bathroom with bath, shower over bath, w.c. & wash hand basin

Second Floor
2 Double Bedrooms (1 with fitted wardrobes) plus 1 large single bedrooms with fitted wardrobe
In addition there is an attic space

Monday - Saturday inclusive - 5.30 a.m. - 8 p.m.
Sunday opening - 5.30 a.m. - 6 p.m.

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £235,000 plus STOCK AT VALUATION (£18,000/£20,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £235,000
Tenure : Freehold
Status: Available
Sectors:
Convenience Stores
Newsagents
Off Licences
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