For Sale

Convenience Store with Growth Potential

Tonypandy, Mid Glamorgan

£114,995

Ref: B04090

Contact sales negotiator

Kai Pollitt-Parry

01204556311

Email Kai Pollitt-Parry

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Description

Hilton Smythe welcomes to the market this freehold convenience store easily managed from premises of approximately 72 sqm, offering papers, cigarettes, alcohol, consumables, cards, sweets and Pay point/Western Union.

We believe from the owner that the main items are as follows, papers £300/£350 pw, cigarettes £300/£400 pw, alcohol £50 pw and PayPoint £35 pw. The shop used to turn over higher figures than this, however the owners has been running the stock down, due to impending retirement.

The store has great potential for the new owners, initially by restocking and then with extended hours and a greater variety of product, together with advertising, website and more, the store could be restored to its former glory.

The shop has been run by the current owner for around 20 years, building up a good, established reputation. The owner is now looking towards a well-earned retirement.

An internal inspection is very highly recommended to appreciate the potential on offer.

Tenure

Freehold

Freehold


Hours

Monday 7:30 a.m. to 6.00 p.m.
Tuesday 7:30 a.m. to 6.00 p.m.
Wednesday 7:30 a.m. to 6.00 p.m.
Thursday 7:30 a.m. to 6.00 p.m.
Friday 7:30 a.m. to 6.00 p.m.
Saturday 7:30 a.m. to 6:00 p.m.
Sunday 7:30 a.m. to 6.00 p.m.


Used to open 5:00 a.m. till 9 p.m. but due to ill health has reduced his hours.


Staff

The business is currently run by the owner as a sole trader.


Financial Profile

The accounting information shows a turnover of circa £37,900 for the year ending 31st December 2017 with a gross profit of £21,915 and a net profit of £5,496.

According to the VOA website the current rateable value is £1,500, however the vendor informs me that they benefit from small business rate relief so have no rates to pay.

Location

Berki General Store is situated in Tonypandy.

Tonypandy is a town located in the county borough of Rhondda Cynon Taf, within the historic county boundaries of Glamorgan, Wales, lying in the Rhondda Fawr Valley. A former industrial coal mining town.

In the 2011 census the population was 3750.

Easy access is gained to all surrounding areas including Swansea, Cardiff and Newport via the A465 trunk road and M4 motorway.

Premises

These easily managed premises comprise of main shop area, rear store room and to the first floor; kitchen, bathroom, staff lounge/store and second floor storage area accessed via temporary ladder.

The first-floor area could easily be converted into a flat if required subject to the necessary planning permission and building work.

The property also has an enclosed garden with single garage and private parking.

Included within the sale we have, counter and till, cigarette gantry, drinks chiller, ice cream fridge, 3 cold drinks chillers and a range of shelving and racking.

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