Convenience Stores for sale in Swansea

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Ian McGregor (Nov 2013)
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Freehold Price: £355,000 Price Reduced Annual Turnover: £410,000
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Business Description
• Off licence and convenience store showing year on year growth
• Income 2013 in excess of £410,000 and growing
• Located in a prime upcoming city centre area
• Excellent shop premises with accommodation with scope to expand

Profitable and growing Convenience Store and Off Licence in a prime location South Wales. Turnover for year 2013 in excess of £410,000. Spanning over 2 properties with development potential of flats or living accommodation. Excellent main route location and ideal for group acquisition. Freehold Ref 43399

This is a rare opportunity to purchase a business located within the heart of Swansea with 2 premises upon a freehold basis, such as what this cocktail Off Licence and General Stores offers. Due to the size of the store on offer occupying 2 properties the site offers excellent scope for the seasoned business owner to expand upon.

In addition the site would offer excellent scope to any buyer wishing to have an express store in the area with the additional benefit of having 2 flats above, which could be sub let or act as owners/managers accommodation.

Owned by the current vendors since 1988 the stores has been in the area for over 50 years and has grown and developed with the area around it.

Neath Road is a popular area for flats within Swansea. Many of the larger homes have been converted into flats, guest houses or business premises. Located in the heart of Swansea city centre, Cocktail Off Licence and General Stores gives easy access to the centre for professionals, as well as easy access to the M4 motorway.

The stores attracts local residents from the outlaying areas within a 5 mile radius and is extremely well known within the area, offering a main road location with a turnover in excess of some 410k per annum and growing with the scope to develop the business further.

The current vendors purchased the business when it was in a rundown state and have expanded the site to occupy 2 shops, now modified and converted into 1 large store. A truly stunning opportunity to purchase a growing business for a seasoned operator, with huge potential for a group wishing to expand into the area as the vendors now wish to retire.

The store is licensed for alcohol sales, cigarettes and a whole host of household goods in addition to everyday groceries, including fresh and frozen products, locally sourced meat products, ready meals and specialist ice creams, tined products and newspapers.
Growing in reputation the vendor has projections for the store to turnov

Summary. This is an ideal opportunity for a seasoned business owner, or group, to acquire a business in a unique position with exceptional potential in a desired location offering excellent scope to develop further.

The business represents an ideal opportunity and demand is expected to be exceptionally high, therefore early viewing is a must.
Tenure: Freehold

Listed by: Kings Business Transfer
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KBT43399
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