Newsagent for sale in South Wales

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 busy road, residential area MID GLAMORGAN, SOUTH WALES

WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,000 p.w. We are further advised that the gross profit is in the region of 24%. The busines also has Hermes parcel & delivery collection point which we understand provides a commission of between £30/£50 p.w. The business also has Payzone & E-pay.

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 £11,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 28 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.

RECOMMENDED FOR EARLY INSPECTION

The accommodation DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

Ground Floor
Utility room

First Floor
2 Double Bedrooms
Half tiled bathroom with bath, shower over bath, w.c. & wash hand basin
Lounge
Fitted kitchen with small dining area

Monday - Saturday inclusive - 6.30 a.m. - 7 p.m.
Sunday opening - 6.30 a.m. - 2 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £39,500 plus STOCK AT VALUATION (£4,000/£5,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £159,950 plus STOCK AT VALUATION (£4,000/£5,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £39,500
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
Newsagents
Off Licences
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