High Turnover Convenience Store In Porthmadog Gwynedd For Sale

Business description

We are delighted to offer for sale this busy convenience store, which was established in 1990 and which has been in our client's careful hands since 2005. The store is only now offered to the market due to our client's wish to retire. The business trades 7 days a week, generating a turnover in the region of £676,000 per annum with a gross profit of 21%, derived from a wide range of products and services, including CTN and convenience lines, ATM and PayPoint facilities. We feel the turnover could be increased by extending the range of products available and introducing newspaper deliveries. The business has a loyal customer base and enjoys much repeat trade. The premises are well-equipped to suit the trade with a spacious shop area with numerous display units and 3 x store rooms. There is the potential to extend the shop into the storage area to increase the range of products displayed. This is an ideal opportunity to acquire an already busy convenience store with scope for future development. Early negotiations with us must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 30 years
Remaining: 24 years
Review: every 5 years
Rent: £10,500 per annum

Leasehold rent:

£10,500 per annum

Location:

Derwen Stores occupies substantial ground floor lock-up corner premises, ideally located in the heart of the village of Tremadog, Gwynedd. There is ample on-street parking and there are a variety of complementary shops, pubs and hotels close by. The village is situated on the edge of Snowdonia National Park and is a desirable place to live and work. There are a number of bus routes serving the area and the railway station is less than a mile away. Tremadog is a popular tourist destination and is also popular with climbers, due to its two rock climbing crags. The business boasts easy access to the A-road network and enjoys much passing trade, along with a high footfall. The Irish Sea is less than 2 miles away and there is picturesque countryside surrounding the village. Porthmadog lies approximately a mile to the south while Criccieth is approximately 4 miles away.

Premises details:

Substantial ground floor lock-up retail premises. Briefly comprising:

Ground Floor
• Spacious shop area with shelving to perimeter walls, 2 x aisle displays, counter with 2 x electronic cash registers, tobacco gantry, 2 x freezers, 2 x open chillers, newspaper display, greeting card display, ATM, stationery display and photocopier
• 3 x store rooms to rear with shelving to perimeter walls
• Kitchenette
• WC with wash hand basin
• Office

External
• Enclosed rear yard

Business Operation

Trading hours:

Mon - Fri: 7:30am to 10:00pm
Sat: 8:00am to 10:00pm
Sun: 9:00am to 10:00pm