• Over 30 years continuous trading
• Excellent location in very busy area
• Advised weekly takings of £4,800 with scope to increase
Well established and highly lucrative Newsagents for sale. Over 30 years continuous trading. Excellent location in very busy area. Advised weekly takings of £4,800 with scope to increase. Genuine opportunity. Freehold Ref: 42490
Offers In Excess of £195,000
Fantastic opportunity to acquire a very well established and profitable business with a fantastic reputation within the local community.
Located in picturesque South Wales Valley town of Glynneath in a densely populated area, this small and profitable business has been serving the local community for over 30 years.
Situated in the Vale of Neath, some 20 mile North East of Wales’s Second largest city Swansea, and lying on the river Neath, Glynneath is small town with a population of five thousand people. It is located on the fringe of the Brecon Beacons National Park, which is an area of outstanding natural beauty.
The area is rich with stunning waterfalls and rural walking trails, and is very popular with tourists and outdoor sports enthusiast alike. Glynneath lies on the A465, which is the main road leading to the National park, therefore the town receives a healthy amount of business from the tourism trade.
Located on a busy main road, Evans News Ltd is set in a prime location, where it benefits from a good passing trade of regular and fiercely loyal customers, as well as trade from the nearby schools. It is one of the main businesses that support this local community, which is reflected in its excellent reputation for providing quality goods and services at competitive prices. The shop is well known for having a very large greeting card and gift section, which attracts customers from the surrounding areas.
The Core Business Includes; birthday/anniversary/wedding merchandise such as banners, helium balloons and boxed gifts, as well as the more traditional products such as cigarettes, confectionary, soft drinks and ice cream. The current owner has recently introduced the sale of e-cigarettes due to popular demand, emphasising the business shrewdness of identifying market trends and their customer’s needs and acting on them. We are advised that the mark-up on e-cigarettes are north of 100%.
The business has seve
Summary. Genuine opportunity to acquire an already successful business within a lovely local community. Scope to increase turnover. Fantastic opportunity for the right person. Viewing highly recommended.
The business is owned by a limited company and so it is anticipated that this sale will be by way of a share sale of 100% of the issued capital of the company. The sale price quoted above is based on the assumption that:
a) the assets, liabilities and net assets of the company will be approximately the same as in the most recently published balance sheet. Any rise or fall in the net assets since publication will be in addition to the agreed sale price.
b) on or before completion, the vendor will have withdrawn all cash from the company and paid off all bank debts and any money owed to the Inland Revenue, but not any normal trade creditors.
c) the quoted sale price does not include the stock in the business, the value of which, following a stock-take, will be added to the agreed sale price.
d) the vendor will collect all debtors and pay off all creditors of the company on or before completion, after which any credit balance (including any amount for stock) will be added to the agreed sale price.
Most common used :
e) on or before completion, the vendor will have withdrawn all cash from the company and paid off all bank debts and any money owed to the Inland Revenue, but not any trade creditors; the quoted sale price does not include the stock in the business, the value of which, following a stock-take, will be
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