Coastal village shop with Free House bar & restaurant with accommodation.

Llanstephan, Powys

Status

FOR SALE

Date Submitted:

20/10/20

Advert ID

268078
Leasehold: £89,000
Annual Rent: £9,600
Annual Turnover: £130,000
Annual Net Profit: £35,000

A unique opportunity to 'escape to the country' with an established coastal business with accommodation included. This is a rare business. 'The Village Stores' is a quaint, traditional convenience store with a twist. The front of the business houses the actual shop with all its groceries, tinned food, newspapers, off licence and local produce. It is also home to the coffee shop area where customers can sit and enjoy a fresh coffee & cake. Seating is also available at the front of the property. There is a fully loaded EPOS till which is very easy to use (touchscreen).

Through the doorway, you take a few steps & you enter 'The Croft' bar & restaurant. A cosy & classy bistro fully equipped to seat 20. When we took over it was not an operational bar, so we contacted a brewery & had pumps installed offering customers draught beer & ale. This is free of the tie bar. We get all our wines & spirits from the local wholesaler. At the moment it is a pizza & tapas bar, but you can turn it into anything as the decor is neutral (redecorated just three months ago). Inbetween the shop & The Croft is the kitchen. This houses a pizza oven & a bread baking oven as well as a fridge and several stainless steel workbenches and shelves. This is where we prepare our breakfast & lunch menu too. So to outline we offer.

Breakfast.

Lunch.

Evening meals (Friday Sat nights)

Pizza takeaway Friday night.

Coffees teas & cake every day.

Our opening hours are:

The shop.

Mon - sat 9-2

Sun 9-12

The bar/restaurant Fri sat nights 6-11:30 The bar has a separate entrance at night time. There is a double-gated illuminated entrance giving you a complete separation from both businesses.

Upstairs is a four-bedroom apartment. A huge living room, a large double bedroom (currently has our two boys in there), a huge room above the bar area (currently our bedroom, as a side note this lends itself to a b&b room as it has separate access too) a guest room & the last room is used as our study/studio.

Outside there is a good size courtyard. There is also a two-story outhouse—the lower houses some freezers & the customer toilet. The upper is currently a storage room, but we have made enquiries about turning it into a self-contained b&b room.

The garden is huge... Approx 60 metres long. It has a new shed (10×8) and a large four-metre decking area just built. Views from the decking are stunning as it takes in the estuary & The Norman Castle... What a view!

As it stands, the business is successful. There is huge scope for expanding too. We currently have two part time staff.

Although the price is negotiable, you are investing in a lifestyle, not a job. It is as rewarding as you want it to be. We have hosted food theme nights which were all 'sell-outs', and we have had open mike nights and the local band playing to a full house (videos available on request)... This is a blissful little village, always something going on. It has two pubs, a Norman castle, an art gallery and the beach is a 3-4 minute stroll away. The primary school is a few hundred yards from the shop & the secondary school is in Carmarthen. The school bus stops outside for local children & takes them in & brings them back.

Llansteffan is considered 'The hidden jewel' of Wales & once you arrive here, you will see why. The business premium is £109,000 and the stock will be charged at value. The rent is £800 a month, and that covers the business & the accommodation.

We also had a fully stocked ecommerce website built (this was immensely useful throughout lockdown) & is included in the sale. Full training will be given on how to use the admin side. You can check thewebsiteoutherewww.thevillagestores.co.uk.

£109,000 includes the business itself, the goodwill including the website, the admin access & all social media linked accounts. Also included is the newly built decking area giving views across the estuary. A freehold bar on its own would justify the asking price but you get a cafe, shop, restaurant & accommodation included too. With it being a healthy business already all you have to do is build it up the way you want.

More pictures available on request. Be sure to make contact as soon as you are interested as this is a one-off opportunity & we anticipate will generate a lot of interest.

Listing Details
Key Features
  • Home Based
  • Offers Invited
  • Fully Fitted
  • Prime Location
  • Unique Business
  • Central Position in Affluent Village
  • Accounts Available
  • New Lease
  • Free of Tie Leasehold
  • Established Business
  • Small Business
  • Attractive Business
  • Close to Local Amenities
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