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Business for sale in United Kingdom - Ak040-freehold general store with 3 bed property-swansea, wales

Asking Price:

295,000 £

Real Estate:

Ownership

Sales Revenue:

212,000 £

Net Profit:

1 £

Year Established:

1970

Employees:

Not Disclosed

# of family members employed:

Not Disclosed

Location criteria:

United Kingdom/Wales/Swansea

Business types:

Retail

Business categories:

Clothing & Accessory Stores ; General Merchandise Stores ; Home Furnishings ; Other Retail Trade

Business description

this is a first class opportunity to acquire a shop that has played a pivotal role in the local community for four decades. This general store has traded under the same name for over forty years and is viewed as part of the bricks and mortar of the local community. It has a vibrant and friendly atmosphere and acts not only as a shop but as a hub and meeting place for many local residents, generations of whom have come to rely on the business for all of their daily requirements. The stores location could not be better, occupying a corner site in a busy residential area next to the schools bus stop and close to all local amenities and the main roads leading into the city centre. this is a classic general store stocking a broad range of household goods, sweets, tobacco, magazines, greeting cards, cleaning equipment and soft drinks. It has a lottery terminal and pay point machine which is extremely effective for bringing in the local residents. The shop also delivers newspapers via a number of paper rounds. The business presently only opens five days a week. key strengths: well established with forty years trading strong local customer base excellent range of goods lottery terminal and paypoint machine owners residence good cash flow potential to develop key opportunities: the business is run to match the lifestyle requirements of the current owners. There is certainly scope to increase the daily opening hours of the store to increase profits. There is an opportunity to add retail space by extending into the double garage on the premises. A new owner contributing fresh ideas and investment will have every advantage of growing the business.

Additional information

Additional information:	Not Disclosed
Support & training:	The owner is very keen to see this business continue to flourish and will be happy to provide a short handover period to assist the new owner.
Reasons for selling:	The owner and his wife have two grown up children and strong family connections in Bristol and have decided to sell the business in order to move closer to their relatives.
Financing available:	Not Disclosed
Inventory / Stock value:	Not Disclosed

Real Estate

Ownership:	yes
Will owner sell real estate?:	yes
Included in asking price?:	yes
Value:	0 £
Location:	The building itself is glazed and double fronted and was probably constructed around the turn of the century. The fully fitted shop houses four cooler cabinets, one cash dispenser and one freezer cabinet. To the rear of the shop is a small store room with a large Chubb Safe. The owners residence is on three floors and consists of a small galley kitchen, lounge /dining room and a large basement for storage. The first floor comprises of a shower room and toilet and a second larger family kitchen, which is adjacent to a large living room and dining area. There is a good size double bedroom on this floor. The second floor consists of a further two double bedrooms making the property ideal family accommodation. To the rear of the premises there is an outside toilet, a small yard area and a large double garage. This double garage could easily be converted into additional retail space possibly as a florist shop, which are always popular and could service local customers and the needs of people visiting the local cemetery, which is in the immediate locality.