Wendy's News has been family run for 25 years and they are now looking to sell the business due to the desire to retire.
The present owner has run the store as a newsagents selling confectionary products, toys, celebration balloons, stationery, gifts, cigarettes, ice creams, beach equipment etc. The business also offers an Amazon click and collect services and they currently have 14 rounds of home news delivery.
We are advised the current turnover for the business is £430,000 per annum with attractive gross margins. Accounts are available to seriously interested parties.
This is a well-established store that benefits from a loyal repeat trade from the local community and holiday visitors alike. Our client would be willing to offer a hand over period whilst the buyer settles in to ensure a smooth transition. The store comes fully fitted and all equipment required to run the business and is included in the sale. (A complete list is available).
The shop frontage has two picture windows and a door leading to an open plan retail area with perimeter shelving and central shelving. There is a a store room and toilet facilities to the rear.
Wendy's News is a mid terrace shop centrally located with an ironmongers and pet shop either side. There is a thriving coffee shop across the road and many independent retailers up and down the high street. There is a bus stop just 1 minute up the road from the property and a train station a short walk away. Tywyn is a delightful coastal town on the shores of Cardigan Bay. The area is surrounded by the famous Snowdonia National Park which is renowned for its natural beauty, with Talyllyn Lake, Dovey Estuary and Cader Idris nearby. For golfing enthusiasts there is a championship course at nearby Aberdovey. Sailing and all water sports are very popular at both Aberdovey and Tywyn plus sea and river fishing within easy distance.
The business comprises:
RETAIL PREMISES 61` x 20`
STORE ROOM 11`11 x 7`10
To the rear there is a small courtyard with two brick built stores.
CURRENT TRADING HOURS
Monday to Saturday 6 am to 6 pm - Sunday 6 am to 1 pm
ASSESSMENTS The business qualifies for small business rates relief and these therefore are currently not charged.
TENURE A ten year lease is available. £650.00 pcm
SERVICES Mains water, electricity and main drainage are connected.
VIEWINGS BY APPOINTMENT ONLY
Welsh Property Services, Cambrian House, High Street, Tywyn, Gwynedd. LL36 9AE.
Tel: 01654 710 500.