60-Year-Old Off Licence and Newsagents Business with Premises in South Wales for Sale
Griffithstown, Torfaen
- Status
FOR SALE
- Date Submitted:
20/01/24
- Advert ID
605348
- Reference
T35647J / Rightbiz
- Call Agent:
- Freehold: £195,000 (Stock at valuation)
- Leasehold: £50,000
- Turnover: £312,000 (£6,000 Per week)
- Net Profit: Not Applicable
Key Features
- New Lease
- Open Plan Trading Area
- Established Business
- Accounts Available
- Close to Local Amenities
- Potential for Alternative Use
- Retirement Sale
- Ideal for Full Refurbishment
- Offers Invited
Business Details
LONG ESTABLISHED OFF LICENCE & NEWSAGENTS, GRIFFITHSTOWN, SOUTH WALES
Key Features:
- Long Established Business (almost 60 yrs)
- Off Licence, CTN Trade
- Retirement Sale Opportunity
- 3 Storey Premises, in Village Location
- Leasehold or Freehold Sale
- Both Options at Sensible Asking Price
Long established (circa 60 yrs) Newsagents & Off Licence business, with parking to the front, consisting of a 3 storey, mid terraced premises, within a busy village between Pontypool and Cwmbran in South Wales.
Easily run by our vendor along with 2 part time staff (family members), whom will not remaining upon sale. The business enjoys sales of circa £6,000 per week including newsbill appx £1,000 p/wk and lottery appx £1,000 p/wk advised. Trading information will of course be supplied to serious parties after viewing.
Our vendor is now looking to retire and is offering the business for sale by way of a brand new lease (ground floor shop and basement level only) at a very sensible premium price and rent, with negotiable length term.
Alternatively, our vendor is willing to sell on the business and the whole freehold property, including upper floors.
The business offers regular income and is long established, however would certainly also benefit from updating/refurbishing the premises.
Good opportunity at sensible asking price to reflect the updating required.
EPC Rating: tbc
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01633 868609.
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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