Sold
Thriving General Grocery Store
Dinas Powys, South Glamorgan
- Asking Price: £49,950 +SAV
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Turnover:
The accounts show a very healthy turnover of £243,240 for the year to 31st March 2018 with a gross profit of £87,042 and a very healthy net profit of £30,942.
According to the VOA website the current rateable value is £9,000, however the owners inform me that they do benefit from small business rate relief.
Please quote reference B04659
- Tenure: Leasehold
Please quote reference B04659
Hilton Smythe welcomes to the market this very well-established, thriving general Grocery store, in this heavily populated residential area.
The business itself is thriving. It has been run by the current owner for 20 years now and has a great reputation and loyal customer base.
Our clients are now looking towards a very well-earned retirement.
They supply a wide range of products with approximately 60% of turnover coming from the sale of fruit and veg, flowers, plants etc and 40% being general convenience selling products such as food supplies, sweets, pet foods and supplies, frozen foods and ice cream.
They also offer a lucrative UPS pick up and drop off point and have exclusive selling rights in the area for the sale of Burns high quality dog food.
In the spring and summer, they are tremendously busy with the sale of bedding plants and shrubs, which offer a fantastic revenue stream for the shop. They also carry out some local deliveries and have a social media presence on Facebook with 5-star reviews.
They are very enthusiastic owners who take great pride in their shop, with great turnover and profit figures, however there is still much potential for the business to be taken to the next level with longer hours including Sunday opening, a website with online sales, more advertising and social media and a dedicated delivery service to the wider area.
This is a fantastic business, which would ideally suit a new energetic owner who could push the business forward.
An internal inspection is highly recommended to appreciate the quality and potential on offer.
The current owners are more than happy to help and advise during the transition period.
The business is currently run by the owners and 5 other part time members of staff.
Monday to Saturday 7:30a.m. to 6:00 p.m.
Sunday Closed
Valley view fruit store is situated in Dinas Powys, within a parade of shops in a heavily populated residential area. Dinas Powys is a large village and a community in the Vale of Glamorgan in South Wales which takes its name from the Dinas Powys hillfort that dates from the Iron Age.
The village is 5.6 miles south-west of the centre of Cardiff and conveniently situated on the A4055 Cardiff to Barry main road.
Cardiff which is around 5/6 miles away, is the capital and largest city in Wales and the eleventh-largest city in the United Kingdom. The city is the country's chief commercial centre, the base for most national cultural and sporting institutions, the Welsh national media, and the seat of the National Assembly for Wales.
The unitary authority area's mid-2011 population was estimated to be 346,100, while the population of the Larger Urban Zone was estimated at 861,400 in 2009.
Cardiff is also a significant tourist centre and the most popular visitor destination in Wales with 18.3 million visitors in 2010.
The premises occupy a great position, offering good space which is light and airy and has a welcoming feel.
The total space is approximately 65 sqm and includes the large main shop area with serving counter and till, together with small rear kitchen, WC and rear access to yard with large secure container storage and parking for 2 vehicles.
You also have a very useful and good-sized display area to the front, which is ideal for flowers, plants, fruit and veg and much more, together with free customer parking.
Included within the sale, you have a good range of,
• Display shelving and racking
• Large 18-foot display chiller
• 3 freezers
• Slushie machine
• Large stepladder
• Counter
• Till
• Storage container
• Small shed
An internal inspection is a must to appreciate the shop and potential on offer.
Tenure
We are advised that the business is being sold as a Leasehold opportunity with a Lease term to be agreed.
The yearly rental will be £10,000 per annum.
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