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Well Established And Popular General Store

Tonypandy, Rhondda Cynon Taff
Leasehold Price:
£79,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
191211
Reference
13595 H / Rightbiz
01204556300

Details

Business
Hilton Smythe is delighted to welcome to the market this well-established and popular general store, which is ideally located within the town of Tonypandy, Wales.

The business was originally established in 1967 and has been in our client’s careful ownership since 2009. Only now is the business being offered to the market, due to our client’s desire for a well-deserved retirement. The business currently operates 7 days per week and generates a turnover in the region of £428,000, with a gross profit approximately 21%, as per the 2016 accounts.

Our client offers a wide variety of goods, including general convenience items, household goods, confectionery, chilled and frozen foods, stationery, greeting cards, alcohol and tobacco products, Pay Point facilities, the Lottery and scratch cards, to name a few. The property boasts 78 sq. metres of floor space, is very well maintained and extremely well fitted out to suit the trade, with the main shop to the ground floor, to the first floor is a stock room, kitchenette, office space and WC.

The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a small marketing campaign to advertise the goods and services offered. The business would also benefit from an online presence, such as social media websites, such as Facebook and Twitter, which is a popular and free way to advertise.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already popular business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

Location
Aubrey Road General Store occupies substantial two storey premises, ideally located within the town of Tonypandy in Rhondda Cynon Taf. The property is situated in a densely populated residential area, from which the business derives much of its trade. The business benefits from a high volume of footfall and passing trade, as well as on-street parking facilities to the front of the premises.

Tonypandy is a town in the county borough of Rhondda Cynon Taf, within the historic boundaries of Glamorgan in Wales. The area contains several prehistoric sites including Mynydd y Gelli, which is located to the north-west of the town and is the remains of an iron age settlement. Tonypandy is a financial and social hub, providing services and amenities for the neighbouring communities.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Dinas, which is approximately 10 minutes’ walk away. The area also boasts excellent road links with the A4119 being within easy driving distance, which links to the national A-road and motorway networks. Pontypridd is approximately 5 miles away and Caerphilly is 12½ miles away.

Premises
Substantial two storey premises in a prime trading location, briefly comprising:

Ground floor with:

Serve over counter with full EPOS system.
Racking and shelving to suit trade.
Greeting card display.
Open fronted chiller unit.
Single glass door freezer unit.
Double glass door freezer unit.
Dairy chiller unit.
Central gondolas.
ATM machine.
Tobacco gantry.
Alcohol display chiller unit.

First floor with:

Stock room.
Kitchenette.
Office area.
WC.

External with:

Rear double garage, recently re-roofed and used for extra storage.

Tenure
We are advised Leasehold:

Original lease length: 10 years
Remaining lease length: 9½ years, as of 2017
Rent: £5,200 per annum

Hours
The business is open:

Monday – Saturday: 8.00am – 9.00pm
Sunday: 9.00am – 9.00pm

Staff
The business is owner run and managed with 4 x part time staff members.

Financial Profile
The business generates a turnover in the region of £428,000 with a gross profit approximately 24%, as per the 2016 accounts.



£79,950
Listing Details
Leasehold Price: £79,950
Tenure: Leasehold
Marketed By: Hilton Smythe
Sector: Convenience Stores, Off Licences
Financials
Annual Turnover: £427,676
Key Features
  • Established Business
  • Price Reduced
  • Prime Location
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