Newsagents for sale in Port Talbot

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  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Freehold Price: £175,000 Turnover: £199,057 Gross Profit: £54,342
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Business Description
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.

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.

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.

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

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.

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

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.

Tenure: Freehold

Listed by: Hilton Smythe
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13921 H
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