Property Information
Address:
Cardiff, Cardiff
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH489594
Property Ref/Agent: 1621-busy-convenience-store-nr-cardiff-city-centre-for-sale
*Please use the agent ref when calling the agent directly.
Property description
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 - 9.00pmSTAFFThe 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
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