Greengrocers for sale in Swansea

View the "Mega Save Swansea SA1 3UD" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

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Adam Warren (Jan 2017)
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Asking price: £224,950 Turnover: £132,896 Gross Profit: £34,420
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Business Description
A leasehold option is also available at £49,995.

Hilton Smythe welcomes to the market Mega Save.

This very well established newsagents and general store stocks a diverse range of products including, newspapers, tobacco, sweets and groceries, national lottery, together with sundry items to include a cash machine, Hermes collection and much more.

The current shop takings are £5000 to £6,000 per week and include:-
£2,000 pw for tobacco,
£250-£500 pw for lottery,
£250 pw for newspapers,
£270-£300 per quarter for the cash machine and
£300-£350 per month for the Hermes collection.

The shop itself has been run by the current owners for 15-16 years now and they are looking towards a well-earned retirement.

Mega Save is situated within the city of Swansea in a busy residential area and also within easy walking distance of the seafront and beach.

Swansea is the second largest city in wales having easy access to the Gower peninsula. The city and county area of Swansea had a population of over 241,000 in 2014.

The area is served by the M4 motorway.

These are easily managed premises covering circa 104 sqm on the ground floor, with main shop area, rear store and WC. There is good access and easy free parking nearby.

There is an extensive inventory of fixtures and fittings to include fridges, freezers, shelving and racking, serving counter and till.

The property also offers great investment opportunities with 2 self-contained flats on the first floor, both having their own separate access from the street. The first is a 1-bedroom unit consisting of Lounge, kitchen bedroom and bathroom and the second being a studio flat with Lounge/bedroom, kitchen and bathroom.

The owners inform me that these flats could be rented out for circa £700 pcm and £450 pcm respectively.

We are advised that the business is being sold as a freehold opportunity.

We are also informed the business benefits from small business rate relief.

A leasehold option is also available at £49,995.

The business opens 7 days a week 7.00am – 10.00pm.

The business is currently run by the owners and other family members.

Financial Profile
The accounting information shows a turnover of £196,358 for the year ending 2014 and £132,896 for the year ending 2015.

However, we are advised by the vendors that this is much improved for 2017 and that this year the shop has takings of between £5,000 - £6,000 per week.

Listed by: Hilton Smythe

Find out more about this business opportunity.

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13953 H
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