Nationwide brings to the market this SELF SERVICE CONVENIENCE STORE, COUNTER NEWS, CONFECTIONERY, TOBACCO, FULL FREE OFF LICENCE plus ON LINE NATIONAL LOTTERY. End of terrace, residential area, MID GLAMORGAN, SOUTH WALES.
SPACIOUS SINGLE FRONTED SALES SHOP with tiled floor, suspended ceiling with LED concealed lighting. The equipment includes 2 glass topped chest display deep freezers, upright glass fronted deep freezer, 1 open cool display unit, 3 upright double door glass fronted display fridges (owned), 3 single door glass fronted display fridges (all on loan), shelving etc.
It will be appreciated upon inspection that the shop could benefit with a certain amount of refitting.
Large stockroom with kitchen area
Staff cloakroom with w.c. & wash hand basin
Large basement (not utilized at present)Turnover :
£9,000/£10,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £300 p.w. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £120 p.w. The business also has Paypoint. We are further advised that the sales year ending 31st December, 2019 showed £277,489 with a gross profit of £45,899.
TO INCLUDE THE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £369,000 plus STOCK AT VALUATION (£25,000/£30,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
OR PRICE TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION (£25,000/£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £70,000 Freehold : £369,000 (G7770)
Is accommodation included?:
The SPACIOUS living accommodation DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:
5 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin