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Convenience Store for sale

Neath Road,Swansea,SA1

£120,000
54 sq. m.

Property Description

Commercial information

  • Business for sale
  • 581 sq ft (54 sq m)

Full description

Tenure: Freehold

LOCATION
Lee`s Local Shopping is located close to Swansea town centre.

This is a heavily populated location with a range of independent businesses. Next door to the property is a pharmacy there is also a café directly facing. The business boasts a main road location from which the store receives much of its trade.

This area has great road connections and a generous infrastructure. Swansea town centre is approximately 10 minutes away following the road on which the business is located. There is a bus stop just 1 minute up the road from the property and a train station a short walk away.

BUSINESS
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.

PREMISES
The business is situated in a middle terraced property. The front of the store is well signed and looks traditional. Inside the store is the main retail area, this is open plan with perimeter shelving and also central shelving.

Equipment includes-
Shelving
4 x Glass fronted chillers
Ice cream freezer
Counter
Till
Cigarette gantry
Magazine and newspaper racks
Card displays
Large glass top food freezer
Open dairy chiller
Glass fronted dairy chiller
Upright glass fronted freezer
Pie warmer

There is a utility area to the rear of the premise this has shelving units and a stainless steel sink. This area has a generous run of work tops there is also a stainless steel hand wash basin this used to be part of the bakery and could be reinstalled.

The sale price includes an industrial oven, stay warm and a chest freezer. We are advised the shop is fully air conditioned.

There is a store room which is to the rear of the premise, this is complete with perimeter shelving with another glass fronted chiller and a small chest freezer.

Also to the rear is a toilet with a wash hand basin. The premise is secured with roller shutters.

Above the store is a flat which could generate an extra income from rent. The accommodation comes with a kitchen, bathroom, lounge and one bedroom.

At the back of the premise is a good sized garden which is unused.

TENURE
We are advised the business is freehold.

HOURS
The business is open-

Monday - Saturday: 6am - 7pm
Sunday: 8am - 1pm

STAFF
The business is run and managed by our clients.

FINANCIAL PROFILE
The 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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