Hilton Smythe welcomes to the market Pethybridge Stores Ltd. This very busy convenience store is extremely well supported by the local community and has successfully been trading since 2004 when our clients first established the business.
The store is generously stocked with everyday items including chilled and frozen foods, alcohol, household goods, sweets, crisps, newspapers, magazines and other everyday essentials. Further revenue is generated through Lotto sales and PayPoint service.
The business reports a fantastic turnover of circa £820,700, taking advantage of the monopoly trading position. With regular repeat custom from local residents and the extended opening hours contributing towards the clear success of the business.
The business is complete with extensive owner's accommodation including 6 bedrooms and 4 bathrooms, and private garden and garage.
Pethybridge Stores has recently undergone an extensive refurbishment programme in both the store and the living accommodation making this an ideal walk in trading opportunity for a family to continue this highly profitable concern.
TENUREWe are advised leasehold.
The original lease length is 25 years with 16 years remaining.
Rent is £52,000 per annum.
HOURSThe business opens:-
Monday to Saturday 7.00am - 10.00pm
Sunday 8.00am - 9.00pm
STAFFThe business is owner run and managed with the assistance of 6 members of staff including 4 family members.
FINANCIAL PROFILEThe business reports a fantastic turnover of approximately £820,700, with reported gross profit at circa 19%.
Weekly shop sales £18,500
Summer time weekly shop sales £21,000
Paypoint sales £10,000 per week
Lottery sales £3,000 per week
Net Profit £50,000 per annum
Newspaper bill £450-£500
Pethybridge Stores is located within the large residential community of Ely, on the outskirts of the City of Cardiff, Wales.
Occupying a dominant position on Pethybridge Road in the heart of this lively community. The business benefits from a monopoly trading position, being the only convenience store on this large residential estate. The business is in close proximity to the local school, church and conveniently has a bus stop nearby.
The area has excellent road links with the A48 being the predominant road through the town running to Cardiff city centre. The area has regular bus services and the nearest train station is at Waun-Gron Park a short distance away.
This prominent premise briefly comprises:-
Glass display windows with good clear signage.
Large open plan retail area housing, large serving counter, till, payzone, lottery terminal, cigarette display, fully shelved throughout to suit business, 2 glass top freezers, 6 tall glass fronted drinks chillers and large open fronted food chiller.
To the front is ample street parking.
The owner's accommodation briefly comprises 6 bedrooms, 4 bathrooms, living room, dining room, kitchen, balcony and decking.
There is a lovely garden with private garage.
Access to the owner's accommodation is either via the shop or the rear.