For Sale

Popular Discount Store With Premier Branding

Aberdare, Rhondda Cynon Taff

£215,000 +SAV

Ref: 14415 H

Contact sales negotiator

Aidan Murphy

01204556301

Email Aidan Murphy

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Description

Hilton Smythe welcomes to the market this very well-established convenience/discount food store Gadlys Discount Food Store (Premier). The shop itself has been run by the current owners for more than 30 years; they are now looking towards a well-earned retirement. The store sells a diverse range of products to include newspapers, tobacco, sweets and groceries, national lottery, together with sundry items to include a cash machine, greeting cards and more. We believe from the owners that the current shop takings are £8,000 - £9,000 per week and include approximately £1,000 per week for alcohol sales, £2,000 per week for tobacco, £1,000 per week for lottery, £400 per week for newspapers and around £100 per month for the cash machine. There is an extensive inventory of fixtures and fittings to include fridges, freezers, shelving and racking, serving counter and till.

Tenure

Freehold

We are advised that the business is being sold as a Freehold opportunity.

Hours

Monday & Saturday: 7.00 a.m. - 8.00 p.m.Sunday: 7.00 a.m. - 7.00 p.m.

Staff

The business is currently run by the owners and other family members.

Financial Profile

The accounting information shows a turnover of £446,140 for 2017 with a gross profit of 12%. According to the VOA website the current rateable value is £8,000; however, the owners inform me that they benefit from small business rate relief so only pay £709.90 per annum on rates.

Location

Gadlys Discount Food Store is situated in the centre of the large town of Aberdare. Aberdare is a town in the Cynon Valley area of Rhondda Cynon Taf, Wales, at the confluence of the Rivers Dare and Cynon. The population is around 30,000, so is a busy town and only 4 miles south-west of Merthyr Tydfil, 20 miles north-west of Cardiff and 22 miles north east of Swansea where more extensive facilities can be found. The whole area is easily accessed via the A465 trunk road and or the M4 motorway.

Premises

These are very large but easily managed premises covering approximately 471 sqm over 3 floors. The main shop area is on the ground floor and covers approximately 200 sqm, with main shop area, large rear store room, further store and WC. There is also a large basement for further storage. On the first floor which is accessed from the rear, there is also a very large space of approximately 140sqm with open plan storage area, easily converted into a large flat if required; subject to the necessary planning permission (plans were passed several years ago for a 3 bedroom flat which have now lapsed). There is a very spacious office/boardroom and WC. Lastly, is rear access for deliveries and parking for 1 vehicle. The property is offered with a range of fixtures and fittings to include ample racking and shelving, serving counter with till, various fridges and freezers for food and drinks etc, cold store and walk in freezer. There is also a full security alarm system with CCTV.

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