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Convenience Store with 3 bedroom Owners Accommodation in Parcllyn For Sale

Cardigan, Ceredigion

£300,000 +SAV

Ref: 12327 H

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Description

Hilton Smythe is delighted to welcome to the market this well-established convenience store and three bedroom house, ideally located within the village of Parcllyn, Ceredigion. The business was originally established by our clients’ family in 1940 and is only now being offered to the market due to our clients’ desire for a well-deserved retirement. The business operates 6½ days per week and according to the accounts year ending April 2015, the business generates a turnover in the region of £412,000 per annum, with a gross profit of approximately 16%, as well as a Post Office salary of £12,000 per annum. Our clients’ offer a wide variety of goods including convenience items, household goods, fresh fruit and vegetables, chilled food, frozen food, greeting cards, stationery, alcohol, tobacco products and the Lottery, to name a few, as well as offering Post office services. The store boasts approximately 99 sq. metres of floor space, is well maintained and very well fitted out to suit the trade. The owners house is set over two floors and offers a lounge/dining area, a kitchen, a bathroom, a large office and three bedrooms. The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the goods and services offered. This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving and well-established business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Tenure

Freehold

We are advised freehold.

Hours

The business is open: Monday – Saturday: 8.00am – 6.00pmSunday: 8.00am – 12.30pm

Staff

The business is owner run and managed with 4 x part time staff members.

Financial Profile

According to the accounts year ending April 2015, the business generates a turnover in the region of £412,000 per annum, with a gross profit of approximately 16%, as well as a Post Office salary of £12,000 per annum.

Location

Parcllyn Londis occupies substantial premises within the quaint village of Parcllyn, Ceredigion. The business is situated within the centre of the village. The convenience store is surrounded by many residential properties, from which the business derives much of its trade. The business benefits from off street parking facilities to the front of the premises. Parcllyn is a village in the community of Aberporth, Ceredigion, Wales. The village lies at the southern end of Cardigan Bay. The larger village of Aberporth is approximately 1½ miles away and overlooks two sandy beaches, making it one of Ceredigion’s favourite holiday destinations, proving popular with tourists with cliff top walks along the coast, which offer extensive views. The area of the property is served by the public transport system, with bus stops within easy walking distance of the business. The area is also well served by the A-roads, with the A487 being within easy driving distance, which links to the national A-road and motorway networks. Cardigan is approximately 6½ miles away and New Quay is 17½ miles away.

Premises

Substantial premises in a prime trading location, briefly comprising: Convenience store with: Magazine display area.Lottery area.Long refrigerator for soft drinks and sandwiches etc.ATM machine.3 x aisles with well stocked shelving.Freezer between one of the aisle divides.Refrigerator for alcohol along one wall.Refrigerator for chilled food, fruit and vegetables.Greeting card display.Secure Post Office service counter.Serve over counter with electronic cash register, Lottery terminal, scratch card display and tobacco gantry behind. Side door to a store room. Owners accommodation: Lounge/dining area.Kitchen.Large office (could be a bedroom).Bathroom with WC, hand wash basin and bath with overhead shower.2 x double bedrooms.1 x single bedroom. External with: Parking bays to front of shop.Driveway dividing the house and shop.Small garden behind both buildings.Garage for house.Large shed storage for shop with a large walk-in refrigerator.

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