| (REF: 2380) High Turnover Freehold Convenience Store In Camarthenshire Price Reduced |
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| Seller Reference: |
2380 |
| B4S Reference: |
30501 |
| Asking Price: |
£950,000
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| Net Profit: |
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| Sales Revenue: |
£1,200,000 |
| Number of Staff: |
12 |
| Established For: |
51 Years 0 Months |
| Ownership: |
Freehold |
| Location: |
Newcastle Emlyn, Carmarthenshire, 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 £1,000,000 pa (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a family/husband and wife team.
- Low rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a full range of convenience product lines, PayPoint, coal, logs and gas.
History
Phoenix Business Transfer Agents are delighted to place onto the market this High Turnover Freehold Convenience Store with Accommodation in Wales which has been established since the 1960s. The business has been in the hands of the current owner since May 2006 and they now wish to sell due to semi retirement.
Services
This very good business opportunity provides full range of convenience product lines, PayPoint, coal, logs and gas.
Staffing
The concern employs 11 part-time and 1 full-time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing (outside of Spars local leaflet distribution) has recently been undertaken as the business is well known.
Competition
There are only low levels of local competition.
Market
The client base consists of 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.
Becoming more efficient with staffing levels.
Working more hands on hours and saving on wages.
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 £1,200,000 with a gross profit of 22%. The present value of the stock is £50,000.
The potential turnover of the business within the next 2 years is forecast to reach £1,500,000 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 and the rates are £3,000. |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
On the first floor there is a spacious 3 bedroom flat with independent access with a rentable value of up to £6,000 pa. |
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Location: |
- Situated in the town centre area of Newcastle Emlyn in Camarthenshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent 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 A484 and A475.
- Cardigan, Penbryn, Llandysul and Llanarth all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
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There are only low levels of local competition. |
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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.
Becoming more efficient with staffing levels.
Working more hands on hours and saving on wages.
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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they now wish to sell due to semi 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 Thursday: 7.00am 10.00pm
Friday to Saturday: 7.00am 11.00pm
Sunday: 8.00am 10.00pm
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The concern employs 11 part-time and 1 full-time staff. |
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