Property

Premier Convenience Store & Post Office with Accommodation

Wales - Garndiffaith, Pontypool

Full Description:

Unqiue Business Broker is pleased to be working with the owner of the Premier Garndiffaith Convenience Store & Post office on the sale of the business.

Established by the owner from Scratch back in 2015, this fantastic example of a leading Premier Convenience Store has just grown and grown supplying the local area with all the household names and brands you would expect from a well-run Premier outlet.

The business is being sold with the option to acquire the Freehold or on a new lease for the shop floor premises only for circa £18,000 P/A. The 3-bedroom self-contained property above is included in the Freehold or could be rented by with the shop if required.

Prominent Village Location
Accounts Available 
Annual Turnover Circa £650,000
Gross Profit Circa £TBC
Post Office Salary Circa £12,500
Accounts Available After Viewing
3 Bedroom Apartment above
Beautiful Accommodation
Scope to Extend Opening Hours
Potential for Additional Product Lines
Scope to Introduce Deliveries
Potential for Social Media & Online Presence
Extensive Planning Permission in place

The business offers a range of convenience products as well as Post Office services. The business is also licenced for alcohol sales and offers newspaper and tobacco sales too. As a long-standing business in this village, the shop is very well known in this area and has a strong base of regular customers in place as well as benefitting from a good amount of footfall brought by the Post Office side of the business. Our client has ensured the business has an excellent reputation.

LOCATION
Ellwood’s Stores occupies a prominent trading position within Garndiffaith village. The area is well populated residentially with much trade generated by locals. Garndiffaith village is three miles from Pontypool and 3.5 miles from Blaenavon and is well linked by good public transport links and there free parking is available immediately outside the shop and around the back of the premises.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator or investor as the business works very well run by current staff. The owner is selling due to other business commitments.

LEASE
The building is available on an Internal Repairing Only leased (IRO). With the length of lease TBC. Ideally the owner would like to sell the freehold with the business to include the 3-bedroom accommodation above.

STAFF
The business operates with our client, who works part time and 4 part time members of Staff.

FINANCIAL DETAILS
Full details are available upon request.

BUSINESS RATES
The business currently benefits from Small Business Relief

SUMMARY
This well-established business occupies an enviable trading position in the centre of Garndiffaith and the Freehold includes a stunning 3 bedroomed accommodation. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines, a delivery service and longer opening hours, possibly a social media and online presence. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Viewings are strictly by appointment only via our office so please call or email for further details.

Listing Details

Key Features:

  • Established Business
  • Great Town Centre location
  • Company for Sale
  • Accounts Available
  • Fully Fitted
  • Fixtures & Fittings Included
  • Imaculate 3 Bedroom Appartment above
  • Offer Invited

Tenure, Rent and Rates:

  • Tenure: Small Business Relief
  • Rent: £18,000 P/A
  • Rates: Small Business Relief

Key Financials:

  • Asking Price: £600,000
  • Annual Turnover: £650,000
  • Annual Net Profit: Available Upon Request
Reference: UNI817
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