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Established Newagents Business In Llangollen For Sale

Llangollen, Denbighshire
Asking Price:
£30,000
Turnover:
Available on request
Net Profit:
Available on request

Occupying a prime trading location in one of North Wale's premier tourist destinations, this Business has been established over half a century and is now for sale due to our clients' wish to retire. There is genuine opportunity here for growth by expanding on the current trading operation which covers confectionary, cards, gifts, newsprint, stationery and cigarettes. The Business is available leasehold with passing rent payable of £6,500 PAX. All serious enquiries are through the Sole Selling Agents Hart & Co

Property information

Property:

Leasehold

Lease Terms:

The property is held leasehold with passing rent payable of £6,500 per annum on a residual three year renewable lease.

Leasehold Rent:

£6,500 per annum

Location:

Occupying a prime corner plot position within a busy North Wales tourist destination. The Business experiences high footfall particularly in the summer months. Llangollen has become extremely popular in recent years and is home to a steam railway, a famous canal, as well as the Eisteddfod and the picturesque River Dee. The area is popular with day visitors and those pursuing leisure and outward bounds facilities guaranteeing brisk trade.

DIRECTIONS
Upon reaching Llangollen proceed over the old Dee bridge on to Castle Street which is the main high street through the town. Lea's Newsagents will be found after a short distance on the left hand side occupying a corner position.

Premises Details:

BUSINESS HISTORY
We understand that the Business has been established since the 1950's and is for sale due to our clients' wish to retire.

BUSINESS PROFILE
A busy Newsagents selling the usual confectionary, cigarettes, newsprint, stationery and gifts. There is a real opportunity here to expand fully into the card and gift retail sector given the popular location of trade.

FINANCIAL PROFILE
The Business shows steady turnover on short hours. Full accounts are available subject to the signing of a Confidentiality Agreement.

ACCOMMODATION
A corner plot position retail unit with full height display windows.

The main trading area covers 27'10" x 11'8" (300 sq ft approx) with point of sale encompassing cards, gifts, sweets, confectionary, drinks, newsprint, stationery and cigarettes.

There is also a large storage cellar to the lower ground floor.

Upstairs there is a bathroom and store room 17'2" x 12'
Store room two 14'5" x 11'2"
Store room three 12'5" x 11'10"

Agent's Note
The upper floors could be used as a flat subject to the usual consents.

TENURE
The property is held leasehold with passing rent payable of £6,500 per annum on a residual three year renewable lease.

STAFF
Staff details can be made available upon request.

FIXTURES AND FITTINGS
A schedule of fixtures and fittings will be provided in the form of an inventory subject to contract.

STOCK
Stock is available to purchase on valuation at completion.

VIEWING
Viewing is strictly by appointment through the Sole Selling Agents Hart & Co. Under no circumstances must a direct approach be made to our clients or staff concerning any of the details contained herein.

Business Operation

Reasons for selling:

Retirement

Employees:
Staff details can be made available upon request.
Years established:
Since 1950's

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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