Freehold South Wales General Store With Accommodation For Sale

Business description

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 £180,000 pa with a net profit of £18,375 (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
- The rates are currently free of charge.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides an extensive range of general convenience products, off license and PayZone.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Freehold General Store which has been established since 1987. The business has been in the hands of the current owner since 1987 and he now wishes to sell due to retirement.

Services
This very good business opportunity provides an extensive range of general convenience products, off license and PayZone.

Staffing
The concern employs 2 part-time staff. The wages are 10,072 pa.

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.

Market
The client base consists of local residents from a well populated residential area.

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.
• The business would greatly benefit from a refurbishment and remerchandising.
• Increasing the product line to include newspapers, magazines and the lottery.
• 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.

Financial Details
The present annual turnover is £183,618 with a gross profit of £48,134 and a net profit of £18,375. The wages are £10,072 The present value of the stock is £35,000.
The potential turnover of the business within the next 2 years is forecast to reach £225,000 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.

Property information

Property:

Freehold

Living accommodation:

On the first floor there is an extensive and well presented 5 bedroom (all doubles) apartment with a large living room, spacious and well equipped kitchen/diner, bathroom with Jacuzzi and separate W/C and shower room.

Location:

- Situated in the Park Road area of Treorchy in South Wales.
- 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 A4061, A4058 and M4.
- Cardiff, Pontypridd, Neath and Swansea all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is detached and is approximately 2,000 sq ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is wooden and covered in non-slip vinyl with middle aisles and shelving to the walls. It is very conveniently laid out.

To the rear is a large store room. There is a toilet and staff facilities.

Size in square feet:

approximately 2,000 sq ft

Business Operation

Expansion potential:

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.
• The business would greatly benefit from a refurbishment and remerchandising.
• Increasing the product line to include newspapers, magazines and the lottery.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.

Competition / Market:

There is no local competition.

Reasons for selling:

he now wishes to sell due to retirement.

Trading hours:

Monday to Saturday: 8.30am – 8.00pm
Sunday: 10.00am – 8.00pm

Employees:

The concern employs 2 part-time staff.

Years established:

established since 1987

Other information

Support & training:

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.

Furniture / Fixtures value:

£5,000 (included in the asking price)

Inventory / Stock value:

£35,000