Convenience Store & Newsagents in South Wales

Neath, West Glamorgan
REF: R06616

Asking Price:
£139,995
Annual Turnover:
£204,110
Annual Net Profit:
TBC
Featured
REF: R06616

Overview

Tenure:
Freehold
Established:
1958
  • Freehold opportunity, with 3-bedroom apartment inc.
  • Busy area & prime location
  • Longstanding and recognised in the community
  • Excellent financials
  • Multi-faceted business

The business for sale is a well-established and highly lucrative newsagent in Glynneath, South Wales.

Established over 30 years ago, the store is a recognised multi-faceted business operating as a traditional convenience store and newsagents with continuous trading. The store offers a variety of daily lifestyle and cupboard essentials, gifts, cards and a selection of confectionery. The core business includes birthday/anniversary/wedding merchandise such as banners, helium balloons and boxed gifts, as well as the more traditional products such as cigarettes, soft drinks and ice cream.

The current owner has recently introduced the sale of e-cigarettes due to popular demand. The mark-up on e-cigarettes is north of 100%.

The store is now available for sale on a freehold basis and includes a three-bedroom accommodation upstairs (or two bedrooms and sitting room) and would suit owner-occupation.

With estimated weekly takings of over £6,000, and scope to increase, this is an outstanding opportunity for a potential buyer to take over a lifestyle business.

The business operates from a traditional, terraced property – recently part rendered and painted.

Customers enter directly onto the shop floor with magazine display racks, greetings cards display racks, an upright drinks chiller and small freezer unit. The counter displays confectionery and behind this is an array of cigarettes, e-liquids, and other tobacco supplies. To the rear of the ground floor is a good-sized office area, a kitchen, and two storage areas. Upstairs are three rooms plus a shower room/toilet. The attic is fully boarded and carpeted, with storage cupboards, accessed by a retractable ladder. To the rear of the property is a garden, a garage with a PVC door, fibreglass roof and shutter doors, brick built shed for additional storage and new sheeting roof. The property has shutters at the front with a burglar alarm.

All fixtures and fittings are included.

This is an ideal platform for an experienced owner-operator or any individual looking to acquire their own base in this geographical location.

There are, however, a number of opportunities for growth. The business has never marketed themselves, so there is much scope for increased trade, particularly with some of their niche products not available elsewhere in the locality. Additionally, through increasing opening hours, and opening later on a Sunday, the business could effectively cater to more customers on a regular basis. Operating a 24/7 schedule would also prove popular.

The vendor is willing to stay on for a transitional period if needed.

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  • Prime location
  • Situated on a main road
  • Good passing trade
  • Schools nearby
  • Tourist spot
Rent
TBC
Rates
TBC
Lease Term
TBC
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
£150,000
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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