Business Summary

Includes 3 Bed S/C Flat
W/T £5,820, N/S £800, GP 19%
Rental Income From Flats & Garage
Unopposed Locally
Well Established/Retirement Sale
Viewings Essential

This is a thriving newsagents and general store located in a densely populated former local authority housing development in Coedpoeth. We are advised that it benefits from being unopposed in the immediate area as most shops are located in the centre of the village of Coedpoeth itself. The other businesses in the immediate vicinity are takeaways and a hair salons. The lease includes a self contained three bedroom flat which is currently sublet on an informal basis and can be available for the business buyer's own use.

Coedpoeth is a village situated approximately four miles from Wrexham on a busy road into Ruthin. It has a population of approximately five thousand people and lies in a semi rural area. As mentioned above the shop serves a densely populated residential area and achieves weekly takings of approximately £5,800 with a weekly news bill of circa £800 and a gross profit of approximately 19%. There are two schools in the area. The owner has enjoyed a good living from the business which was established in 1962 and which she bought in 1982 . The flat is currently sublet at a modest rent of £270 PCM and there is also a garage which is sublet at £20 per month. The vendor is now looking to retire.

The business is well stocked and presented and is a typical newsagents selling newspapers and magazines, tobacco and confectionery, soft drinks, cards, stationery and some gifts. It also enjoys a long running toy catalogue, which has been popular for some years. In addition the business sells general items and has a Paypoint machine and the Health Lottery. There may be an opening to sell alcohol subject to obtaining any necessary consents.

Blacks consider that this is an opportunity for a buyer to obtain a profitable business with optional accommodation plus additional potential for a young and energetic buyer to develop their own business expansion ideas. Early viewing is strongly recommended.

Property Details