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Popular local convenience store

Porth, Mid Glamorgan
REF: 02281

Asking Price:
£199,995
Annual Turnover:
£306,228
Annual Net Profit:
£10,364
Reduced
Recently Sold
REF: 02281
Photo of Popular local convenience store

Overview

Tenure:
Freehold
Established:
1995
  • Only convenience store in village
  • Long standing reputation amongst locals
  • High potential
  • Great location for passing trade
  • Includes self-contained 3-bedroom flat

Almost everyone wants to support their local businesses over large commercial supermarkets that lack the quality in personable customer services. This couldn’t better describe the relationship with this local business. Not only do locals support this business with regular custom, they are supported right back with great quality in produce and service. This shows through loyal customer returns, and great profits in adverse of competitors.

Supplying residents with a wide range of produce including groceries, news, alcohol and cigarettes. These all at high quality and quantity for goods, service and price. There is no direct competition as they are the only local convenience store in the village. And although strong competition from numerous supermarkets, this business is unique and personal in comparison.

The shop itself is well maintained and comprehensively stocked to a high standard. The outside appearance of the shop is quaint and inviting, and more so the inside is squeaky clean to an impeccable standard. The owner takes pride in their shop all the way from maintenance, produce and service. In addition to the shop there is also a great 3-bedroom flat included with potential in the attic to produce the same space again. This offers even further opportunities for the business in renting possibilities.

Intelligent Business Transfer are pleased to have been mandated to offer for purchase a loyal, high quality convenience store in South Wales.

Founded in 1995, the convenience store is a symbol of local unity, shown through the loyal and recurring custom. With the current owner being the only owner they have created a great base, with an outstanding reputation, for a potential buyer to build upon.

Indeed, a new owner is presented with a great investment to run with and make their own. This business has great potential through a variety of domains of expansion. The large premise offers great opportunity for expansion, whether that’s creating a new flat for rental, or diversifying the business for hot food or meat counter. Expansion in marketing by introducing an online presence. Updating the front of the shop to attract more passing trade through clear signage and appealing décor.

Although the owners are extremely pleased with what they have achieved from their business over the past 20 years they are moving on to the next adventure of retirement. Consequently the vendor has approached Intelligent Business Transfer to find a suitable buyer. The vendors have agreed to stay on for 2 days to help with transition.

Location

Property

Rates
TBC
Accommodation Included
TBC
Freehold Property Value
TBC
EPC Rating
G 150+

Financial & More

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