Leasehold Convenience Srore For Sale

Business description

Bag a Business is delighted to offer for sale this highly profitable convenience store situated in the friendly and bustling suburb of Brackla, in Bridgend, South Wales. The business is believed to have been established in the late 1970s and has been in the careful ownership of our clients since October 2004, during which time they have seen year on year increases in turnover. The General Store is only now being placed on the market due to our clients' wish to retire and pursue interests outside of the retail industry. The store boasts a healthy turnover of £490,404 with an extremely high gross profit of 27.5%, which is a result of our clients' monopoly on the local market place and being able to charge fair but impressive mark-ups. Turnover is derived from the sale of convenience goods, newspapers, magazines, cigarettes and alcohol. The business has been run very much to suit our clients' lifestyle and we feel that a new owner could possibly increase turnover by extending the opening hours, ntroducing a newsround and taking up the proposed refurbishment by Premier.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 21 years
Remaining length: 4 years
Rent: £120 per week

Living accommodation:

PROPERTY DETAILS The General Store occupies the ground floor of a two storey, brick built building. There is a flat situated above the business which may be available for rent. GROUND FLOOR Large retail trading area Magazine and newspaper racking Drinks chiller Chest freezer Display racking Cigarette gantry Counter with electronic cash register Store room Staff W/Cs Photocopier

Location:

The business is ideally situated in the heart of a large, private housing estate in the suburb of Brackla, located just to the east of the popular Welsh town of Bridgend. There is on-road parking to the front of the building, whilst additional parking is available on the side roads running off the busy Waunscil Avenue. The area is undergoing significant investment and development with many housing projects underway, with the local council attempting to attract both new residents and businesses. Trade is primarily generated from the local area and from the four local primary schools. The town is a short drive from the M4 motorway that runs across South Wales, and plans are in place to construct a new Park and Ride train station to link the suburb to the South Wales mainline.

Other information

Trading hours:

Mon - Fri: 7.00am - 8.00pm Sat: 7.00am - 7.00pm Sun: 7.00am - 5.00pm