• 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
A fantastic opportunity to acquire a very well established and profitable business, circa £1200 gross profit per week , as at 2017, with a fantastic reputation within the locatl community.
Located in a picturesque South Wales valley town with a close community of 5500 population. The shop has been there for in excess of 50 years, the present owners for the last twelve , who now want to retire.
Glynneath is well serviced with good schools, good access to the local doctors surgery, rugby and football pitches, tennis court, bowls green and childrens park. There are plenty of walkways, waterfall attractions, scrambling courses, slimming club, tanning station etc.
There are good roadway connectioins to many of the outstanding naturally beautiful attractions of the Brecon Beacons National Park, and the outstanding coastal communities of the Gower peninsular.
The core business is to serve the community, by delivering papers to peoples homes, this in itself brings every customer to the shop to pay for their papers, and whatever else they need. We cater for their needs, birthdays, anniversaries, cards, gifts, chocolates, toys and helium balloons. We are the only shop that provides helium for the balloons, catch all, even for those that buy on line then come to us to inflate them, win, win. We operate the Lottery and the Pay Point Sytems, commissions for both and another reason to come to the shop.
Over the last three years, a new Epos system has been installed and the old black boiler has been replaced with a new gas boiler and the upper level has been replastered, painted and new carpets fitted, and is now ready for occupation.
This is an ideal opportunity to move to the country and run your own business, to provide an income for as long as you want. You will get to know all your customers by name and be able to make new friends.
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 added to the agreed sale price.
f) the quoted sale price does not include the net assets of the company, so the final price
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