Convenience Store and Off Licence in Llandudno

Llandudno, Conwy
REF: R08172

Asking Price:
£120,000
Annual Turnover:
£468,000
Annual Net Profit:
TBC
REF: R08172
Photo of Convenience Store and Off Licence in Llandudno
Photo of Convenience Store and Off Licence in Llandudno
Photo of Convenience Store and Off Licence in Llandudno
Photo of Convenience Store and Off Licence in Llandudno

Overview

Tenure:
Leasehold
Established:
1990
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Equipment Included
  • Spacious Premises

This is a unique opportunity to acquire a long-standing convenience store and off licence, which has a brilliant location on a housing estate in Llanrhos, close to both Llandudno and Conwy.

The business was originally established in 1990, with the current owners taking over in 2013. Under the present ownership, the business has continued to grow steadily and has gained a brilliant reputation and a loyal customer base in the local community.

The convenience store prioritises providing their customers with a wide range of different products, including groceries, snacks, confectionery, soft drinks, newspapers, and alcohol. They also have a Paypoint Payzone, a Hermes drop-off point, and sell lottery tickets.

The friendly professional team is comprised of two long-standing members of staff, who both have an in-depth knowledge of the business. They also employ several casual paperboys.

The previous owner of the shop owns the freehold and the 3-bedroom house next door, which extends over the store. The freeholds of these properties are now on the market. Therefore, this could be the perfect opportunity for someone to both buy the business and acquire the freehold.

The store has a brilliant location on a housing estate in Llanrhos, with on-site car parking, high footfall, and no local competition.

The premises are based in a two-storey building; however, the shop is only on the ground floor. The front door leads into the main retail area of the spacious store, with a cash desk on the right, along with the Paypoint Payzone, alcohol, and cigarettes. On the left, there are cold meats, fruit, and vegetables. In the centre of the property, there are four rows of shelves and two aisles with general groceries. At the back, you can find newspapers, cards, and magazines. Further to the rear is a stock room and a toilet.

All shelving and equipment will transfer over with the business sale, which means the new owner will be able to get to work straight away.

The current owner is happy to provide a business handover, in order to ensure a smooth transition.

This would be the ideal opportunity for an owner-operator.

There is huge potential for growth with this business, as there is a massive opportunity to extend the product line and begin offering hot food and coffee. There is also the option to develop additional social media channels and invest in some advertising, which could be a great way to attract more local customers. Finally, changing the shop’s branding would help bring in more passing trade.

Features

Online Presence

Location

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  • On-Site Car Parking
  • Residential Location
  • High Footfall
  • Limited Competition

Property

Annual Rent
£4,000
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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