Established Convenience Store in South Wales

Porth, Mid Glamorgan
REF: R07011

Asking Price:
£140,000
Annual Turnover:
£748,019
Annual Net Profit:
TBC
Reduced
Under Offer
REF: R07011
Photo of Established Convenience Store in South Wales
Photo of Established Convenience Store in South Wales
Photo of Established Convenience Store in South Wales
Photo of Established Convenience Store in South Wales

Overview

Tenure:
Leasehold
Established:
2007
  • Excellent financials
  • Outstanding reputation
  • Wide range of products and services (inc. Post Office – which is the only one within the town)
  • Prime location
  • 4 bed apartment included
  • Huge scope for growth

The business for sale is an established convenience store and main post office in a prime high street location in the busy South Wales town of Porth.

The convenience store is well recognised for its wide selection of products as well as the full post office facilities including general groceries and everyday goods.

As the only convenience store in the town centre, and the only post office in the town; the business is used to high levels of footfall and turnover and has maintained high financials since inception.

The store also benefits from having a 4 bed flat upstairs which could be utilised as owner accommodation or, with work could be made into a self-contained apartment and rented out, if wanted. The business is now for sale on a leasehold basis.

The business receives a wide range of clientele, from children to pensioners and has obtained an excellent reputation for its reliable, friendly service. Both the post office and convenience aspects of the store are incredibly popular; the Post Office commission income last year was around £45,000.

The convenience store operates from a double unit on Porth main street – which is a traditional South Wales miners cottage style with brick and slate construction, complemented and contrasted by contemporary signage. Through the ground floor entrance, the main retail area has a convenience store counter to the left by the front door and aisles of produce, a chiller cabinet, then the post office element is placed at the rear of the shop floor.

There are 6 part time staff which are longstanding at the store and are both loyal and hardworking.

Despite the business already being well established and profitable, there are still a number of growth opportunities for a new buyer to take advantage of.

An obvious opportunity would be to increase the opening hours, or indeed remain open 24 hours, to appeal to a larger customer base.

Whilst the business has developed well without an online presence, establishing a website or promoting via social media would provide an economic advertising solution to increase exposure and boost trade.

A new owner could also introduce convenience store staples such as newspapers, magazines, hot food and fresh produce.

The current owner is also willing to provide a transitional period, to assist with handover operations – if needed.

Location

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  • High Street Location

Property

Annual Rent
£14,400
Annual Rates
£5,862
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
C 51-75

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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