Convenience Store and 1 Bedroom Flat for Sale in Canton Cardiff
Canton, Cardiff
- Status
FOR SALE
- Advert ID
641831
- Leasehold: £60,000 (Stock at valuation)
- Rent: £15,000 (£1,250 per month)
- Turnover: £260,000 (£5,000 per week)
- Profit: On request
Business Details
Convenience Store for sale in Canton Cardiff with 1 bedroom flat
For sale is a well-established convenience store located in the vibrant community of Canton, Cardiff. Having successfully operated for the past 20 years, this thriving business benefits from a prime location that attracts both casual shoppers and party-goers. The store owner resides in a charming one-bedroom flat above the shop, enhancing the convenience of onsite living in this friendly neighbourhood.
The shop boasts an extensive selection of products to cater to a diverse clientele. Customers can choose from a wide range of alcoholic beverages, featuring numerous brands of whiskey and vodka. Additionally, the store offers a varied assortment of soft drinks, beers, and mixers, all at competitive prices. Regular promotional offers, such as "2 for £6," entice shoppers and encourage repeat business. The well-organised shelving ensures easy navigation and high product visibility, making for a pleasant shopping experience.
Business Overview and Financial Information
The business has been established for an impressive 120 years, with the current owner at the helm for the last 20 years. Over the past year, the store has seen an increase in turnover, reflecting its strong position in the market. Presently, the store boasts an annual turnover of £260,000, with the leasehold priced at £60,000 and an annual rent of £15,000.
Community Connection and Opportunities
Situated close to the Chepstow Art Centre, the store benefits from nearby amenities that draw in a steady stream of customers. The seller is motivated to sell and is prepared to provide training opportunities for the new owners, ensuring a smooth transition. Currently, the business operates with the owner and one part-time employee, presenting an opportunity for new management to expand the workforce and enhance the business further.
This convenience store is a rare find in an appealing area of Cardiff. It embodies the ideal opportunity for anyone looking to step into a profitable retail venture within a supportive local community. With the groundwork already laid and a solid customer base, the new owners will have the potential to build upon this success.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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