| (REF: 2231) Freehold Convenience Store with Extensive Luxury Accommodation |
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| Seller Reference: |
2231 |
| B4S Reference: |
28047 |
| Asking Price: |
£750,000
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| Net Profit: |
£21,588 |
| Sales Revenue: |
£633,016 |
| Number of Staff: |
3 |
| Established For: |
42 Years 0 Months |
| Ownership: |
Freehold |
| Location: |
Porth, Vale of Glamorgan, United Kingdom |
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The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £600,000 pa with a net profit of £21,588 (see financial summary below).
- A business with great potential which has not been exploited because the additional retail unit is currently not operating as a business and could be rented to a number of different businesses or the current convenience store could be extended into the unused space.
- An easily run operation.
- Good, loyal and well trained staff.
- A good first time buyers business and an ideal purchase for a family, husband and wife team or a national chain wishing to increase their portfolio.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides an extensive range of convenience products, newsagents, off license, lottery, PayPoint, confectionary, tobacco, dairy and snacks.
History
Phoenix Business Transfer Agents are delighted to place onto the market this freehold Convenience Store which has been established since 1969. The business has been in the hands of the current owner since 1989 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides an extensive range of convenience products, newsagents, off license, lottery, PayPoint, confectionary, tobacco, dairy and snacks.
Staffing
The concern employs 3 part-time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition in the immediate area.
Market
The client base consists of mainly local residents with high volumes of passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the shop floor area by extending into the empty retail unit next door as well as the back area which has a very spacious area used for storage which is under used.
• The empty retail unit next door could also be used to open an additional business such as a takeaway or be sub-let to any number of businesses.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
The present annual turnover is £633,016 with a gross profit of £118,395 and a net profit of £21,588. The present value of the stock is £30,000.
The potential turnover of the business within the next 2 years is forecast to reach £800,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
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Property: |
Freehold |
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Lease Terms: |
The business is freehold. The rates are £1,500. |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
The property is terraced and its customer facing area is approximately 900 sq ft. The empty retail unit next door has a front area of approximately 300 sq ft with additional storage areas and office space at the rear. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled with middle aisles and shelving to the walls. It is very well presented and is very conveniently laid out.
To the rear are extensive store rooms. There is a toilet and staff facilities.
First Floor
On the first floor there is a luxury and very spacious apartment which comprises of 6 double bedrooms, 2 living rooms, dining room, kitchen, utility room, bathroom and a roof top terrace.
External
To the rear is a courtyard with spaces for up to 8 vehicles and rear access to the store for deliveries. |
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Location: |
- Situated in the High Street area of Porth in Mid Glamorgan.
- Prominent location on main arterial road.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A4225, A4233, A4058, A4119, A470 and M4.
- Pontypridd, The Rhondda Valley, Caerphilly, Cardiff, Newport, Port Talbot and Bridgend all lie close by.
- Area enjoying much growth and regeneration.
- Excellent local demographics for this type of area. |
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There is no local competition in the immediate area. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the shop floor area by extending into the empty retail unit next door as well as the back area which has a very spacious area used for storage which is under used.
• The empty retail unit next door could also be used to open an additional business such as a takeaway or be sub-let to any number of businesses.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.
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The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
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now wishes to sell due to retirement.
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday to Saturday: 6.30am – 9.00pm, Wednesday till 8.30pm
Sunday: 9.00am-2.00pm > 6.00pm-9.00pm
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The concern employs 3 part-time staff.
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