Popular Convenience Store In Central Cardiff For Sale

Business description

We are pleased to offer for sale this popular convenience store, which has been in our client's careful hands since 2003 and which is only now being placed on the market due to our client's wish to retire. The business trades 7-days per week and generates a turnover in the region of £1,178.000 per annum with a gross profit of 18%, derived from offering general convenience lines, groceries, newspapers and magazines, alcohol and Lottery, as well as being a main agent for Western Union PayPoint. The substantial premises boast large sales areas, which are well-equipped to suit the trade, with various displays and chillers, and are maintained to a high standard throughout. The business also benefits from extensive storage. Our client has gained an excellent reputation and a loyal customer base, which ensures much repeat trade. We feel this represents an ideal opportunity to acquire a profitable and thriving convenience store in such a sought after area, which is well-equipped and in a walk-in-and-trade condition. Early discussions with us must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 15 years
Remaining lease length: 7 years
Rent review: 5 years
Rent: £38,000 per annum

Leasehold rent:

££38,000 per annum

Location:

Spar Landmark Place is ideally located on a busy junction, directly opposite Queen Street railway station, situated in the thriving city centre of Cardiff. The business boasts an ideal trading position and enjoys a high footfall and much passing trade. The shop benefits from excellent transport links being close to numerous bus stops and railway stations, and there are many car parks in the vicinity. Cardiff has many amenities and a large shopping centre as well as many tourist attractions such as Cardiff Castle, the Millennium Stadium, Pierhead Building and the Welsh National Museum. Cardiff is the largest city in Wales and is steeped in history and culture, which attracts thousands of visitors each year. The business boasts easy access to the local A-road network and the M4 motorway lies approximately 5 miles away, while Cardiff International Airport is approximately 13 miles away.

Premises details:

Large retail premises with large sales area, comprehensive security system and CCTV, situated in a thriving area. Briefly comprising:

Ground Floor
• Main shop area with wine and beer chillers, newspaper and magazine racking, fruit and vegetable display, bake-off oven, coffee machine, pharmacy display, pie warmer, ice cream chiller, various freezers and chillers, open soft drinks chiller, large confectionery displays, 3 x centre gondolas, consumable and hardware displays
• Sales counter with 2 x electronic cash registers, Lottery terminal, PayPoint, confectionery display, scratch card stand, cigarette gantry and spirit display
• Office with desk and filing cabinets
• Storeroom used for cold and dry storage
• WC
• Second storage area with stairs leading to first floor

First Floor
800 square ft of office/storage space briefly comprising:
• 2 x storage rooms
• Large office with desk, filing cabinets and 2 x sofas

Energy Performance Rating:

F

Business Operation

Trading hours:

Mon - Sun: 7.00am - 11.00pm

Other information

Energy Performance Certificate:

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