Busy Licenced Convenience Store in the Rhondda Valley with 4 bedroom HMO above providing additiona

Tonypandy, Rhondda Cynon Taff

Status

FOR SALE

Date Submitted:

13/02/20

Advert ID

256233

Reference

1362 / Rightbiz
Leasehold: £750,000
Annual Turnover: £300,000
Annual Net Profit: Available upon request
  • Busy Licenced Convenience Store in the Rhondda Valley
  • Well fitted good sized retail unit
  • 4 bedroom HMO above providing additional income
  • Well-presented throughout
  • Healthy turnover and profits with scope to improve
  • Excellent local reputation
  • Highly visible trading position in popular trading town
  • Fantastic change of lifestyle opportunity
  • Good mix of complementary businesses nearby

Falcon Commercial is delighted to offer for sale this well-presented Licensed Convenience Store. It has been under the proud ownership of our client since 2019 during which time they have made considerable investment and improvements to reflect changing markets. It is now being offered for sale as the owner is moving abroad. During our client’s stewardship the business has built up an excellent reputation for its friendly service, keen prices along with a great range of products.

Trealaw Local enjoys a highly visible trading position in a densely populated residential area of Tonypany. There is no immediate competition close by. Along with a good range of products that you would expect to see in a busy convenience store it also offers National Lottery and PayPoint services, along with an ATM machine.

The business benefits from a 4 bedroom HMO above the shop which provides additional income to the shop sales.

Trealaw Local is run by our client with help from a dedicated team of part time staff. It generates a turnover in the region of £300,000 per year with healthy gross profit margins.

The Premises

Substantial leasehold building, benefiting from being in a highly visible position close to a primary school which generates a good level of trade.

The premises are fitted and presented to high trade specifications throughout and benefit from recently installed double glazing.

The premises briefly comprise:

Ground Floor

  • Shop – fitted with an array of quality well-made quality shop fittings that include: large chilled display unit, several display freezers, CCCTV system, suspended ceiling etc
  • Store room

First Floor

  • Lounge
  • Kitchen
  • Bedroom
  • Bedroom
  • Bathroom

Second Floor

  • Double bedroom  - currently used for storage
  • Double bedroom  - currently used for storage

External

  • Rear garden
  • Parking space

Tenure

We are advised that the business comes with the benefit of a secure 8 year lease of which 7 years remain. The current rent payable is £550 per week..

Please Note: The Code for Leasing Business Premises in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations or through the website:  www.leasingbusinesspremises.co.uk

Opening Hours

  • 6.00am – 10.00pm Monday to Saturday
  • 8.00am – 9.00pm Sunday

Turnover

  • £300,000 Per year

Business Rates

Business rates payable: Nil

Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk

Stock

The business stock value is: £40,000

Staff

The business is run by the proprietor with help from a dedicated team of part time staff who work on an agreed rota basis.

EPC

Commercial Energy Performance rating: C

Planning

Potential tenants are advised to make their own enquiries to Rhondda Cynon Taf Council

Legal Costs

Each Party to bear their own legal costs incurred in the transaction.

Accounts

Accounts will be provided to genuine purchasers after a formal viewing

Viewing

Strictly by appointment with the vendor’s agents, Falcon Commercial, Second Floor Offices 114/116 High Street Honiton EX14 1JP on 01404 758081

Agents Note

Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thankyou

Key Features
  • With Accommodation
  • Accounts Available
  • Prime Location
  • Established Business
  • Attractive Business
Contact Agent
Advert Reference:
1362 / Rightbiz
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