Property Information
Address:
Swansea, Swansea
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH509477
Property Ref/Agent: 3071-long-established-profitable-convenience-store
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to welcome to the market Lee's Local Shopping. The business was originally established in the 1950's but taken over by our client in 2007.
Our client is now looking to sell the business due to the desire to retire. The owner has run the store as a newsagents selling groceries as well as confectionary products and cigarettes.
We are advised the current turnover for the business is an advised 208,000 per annum. We feel this could be increased in several ways. One way would be to offer a delivery service in the local area, also a loyalty scheme should boost repeat loyal trade.
The business does offer a Payzone, lottery and newspapers, these services generate a great extra turnover.
Paypoint- 1,900 per week
Lottery- 600 per week
News sheets- 550 per week
The newspaper delivery includes 2 morning and 2 evening rounds.
Above the store is a 1 bedroomed flat this would be perfect for generating a rental income. This could also be used as owner's accommodation.
We are advised the store comes fully fitted and all equipment is included in the sale. The business is situated in a great location with little competition around.
This is a well-established store that benefits from loyal repeat trade. This would be a great opportunity for a purchaser looking to buy a busy store. Our client would also be willing to offer a hand over period whilst the buyer settles in. Hilton Smythe highly advise early viewing to avoid disappointment.TENUREWe are advised the business is freeholdHOURSThe business is open-
Monday - Saturday: 6am - 7pm
Sunday: 8am - 1pmSTAFFThe business is run and managed by our clients.FINANCIAL PROFILEThe business generates a turnover in the region of 208,000 per annum.
Paypoint- 1,900 per week
Lottery- 600 per week (390 lotto & 210 scratch cards)
News sheets- 550 per week
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