Newsagents for sale in Port Talbot

View the "Evans News Glynneath, Neath, Port Talbot SA11 5BU" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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David Binder (Nov 2017)
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Freehold Price: £175,000 Turnover: £199,057 Gross Profit: £54,342
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Business Description
Business
Hilton Smythe welcomes to the market this very well-established Newsagents which has been run by the current owners for the last 11 years. The shop has been in this current location for in excess of 50 years with the present owners now looking towards a well-earned retirement.

They support morning only news delivery rounds and sell cards, tobacco, sweets, National Lottery, together with sundry items and provide UPS access.

There is an extensive inventory of fixtures and fittings and potential for further expansion into the rear of the premises if desired.

The sale includes a large three-bedroom owner’s accommodation. This could be let out for an extra monthly income if not required by the purchaser.

Location
Evans news is situated on the busy main high street in Glynneath, Neath within the county borough council of Port Talbot, Wales.

This is a picturesque South wales valley town with a close community of circa 5,500 population.

Premises
An easily managed premises incorporated within a 3 bedroom end terraced house with gas central heating and double glazing.

The total space covers just over 72 sqm.

The layout comprises good sized retail area with counter, servery, racking and shelving display, rear workroom, kitchen and bathroom.

To the first floor there are 3 bedrooms and a shower room. There is also a very useful fully floored loft area which would be great for further storage etc.

To the rear there is an enclosed garden and garage with roller shutter door.

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

Hours
Monday 6:00 a.m. to 7.00 p.m.
Tuesday 6:00 a.m. to 7.00 p.m.
Wednesday 6:00 a.m. to 7.00 p.m.
Thursday 6:00 a.m. to 7.00 p.m.
Friday 6.00 a.m. to 7.00 p.m.
Saturday 6.00 a.m. to 7’00 p.m.
Sunday 7.00 a.m. to 1.00 p.m.

Staff
The business is currently run by the owners and 1 other part time member of staff.

Financial Profile
The accounting information for the year ended April 2017 shows a turnover of £199,057 with a gross profit of 27%.

According to the VOA website the current rateable value is £3,850, however the owners inform me that they benefit from small business rate relief.

Newsheet- £4,000 in total including rounds per month.
Lottery- £500/600 per month.
UPS- £24 per month.

Tenure: Freehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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13921 H
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