Extendable convenience store/newsagents, Freehold including 1-bedroom spacious owners accommodation included (currently sub-let providing income)
Turnover 308,278 weekly 5,928 plus flat rental £4160,00 per annum
Close to new planned Lifestyle & Wellness Village with no competition in area
Excellent and genuine potential to extend the shop and double income
Profitable Freehold Convenience Store/Newsagents in prime location close to a new large housing estate, in Llanelli. Turnover for year end 2018 of £308,278, scope to extend shop plus lottery sales. 1 Bedroom spacious owners accommodation currently sub-let providing 6k Freehold Ref 47149
Dock Newsagents and Stores, located within the SA15 (Llanelli) postcode area of Swansea.
Located upon a busy main route close to a new planned housing development due to start this year of over 2,000 new jobs with houses and no competition within 1 miles. The store is ideally located to supply the local area and has a large and growing customer base. The front of the store also has on road parking for over 8 vehicles, making it ideal for traffic passing by to stop.
The store consists of a central terraced large property with the spacious owners accommodation above, which can be sublet. The ground floor hosts the store which currently only uses 1 area, simple modification would double the size of the store by utilising one of the large storerooms located directly behind the retail area. The store is bright and simply laid out with an additional storeroom.
The business supplies locals and passers-by with all aspects of general convenience goods including, cigarettes, medicines, lottery, pay zone, general hardware, pet foods, newspapers and magazines, with scope for news rounds. The store is also licenced to sell alcohol.
The store currently offers multiple newsrounds which are under demand and can be doubled for an ambitious buyer. The business has been in the hands of the current vendor for over 13 years, being established for over 100 years and is now only being offered due to retirement. The store currently has a turnover of some £308,278 (weekly £5,928) and has true potential to grow as the vendor currently limits the opening hours. This offers, along with the potential for news rounds, to increase the turnover as required.
The property also benefits from a spacious 1 bedroom flat above the store which is comfortable and is currently rented out on a short-term lease. The current tenant has lived there now for over 6 years giving a further £4160,00 or so in rent. (rent increase due).
With excellent scope to increase turnover and profitabili
Summary. New Dock Newsagents and Stores is a delightful family run business that is ideally located and supported by the communities within the vicinity. Offering a lifestyle change to new owners while still offering scope to the seasoned operators with potential for additional income from the flat is not required as owners accommodation. Viewing is essential to fully appreciate the quality of the store in question and the size of the flat above
Is accommodation included?: