Archived
Well established Off licence and Convenience store for sale
Mountain Ash, Mid Glamorgan
- Asking Price: £240,000 +SAV
-
Turnover:
We are advised as per the 2021 accounts, the business generated a turnover in the region of £107,000, with an adjusted net profit in the region of £13,000. Full financials can be made available upon further request.
Please quote reference B06873
- Tenure: Freehold/Leasehold
Please quote reference B06873
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Perthcelyn Food Market which is a well established off licence and convenience store with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
There has been a convenience store at this site for many years. The current owners (a husband and wife team) have run it as Perthcelyn Food Market for the last 12 years or so and the business has been a real labour of love for them accruing many regular customers and a glowing reputation.
The business is now being sold, albeit reluctantly and with heavy hearts only due to the owners desire to pursue a change of direction and relocate. The vendors are keen to see their beloved off licence and convenience store passed to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.
Perthcelyn Food Market sells a wide range of products including -
- Tobacco and vaping products
- Confectionery
- Crisps and snacks
- Cold drinks
- Beers, wines and spirits
- Fruit and vegetables
- Household goods
- General groceries
- Frozen food
- Ice creams
- Bread and cakes
- Dairy products
The business has an impressive number of regular customers who use the business on a daily basis and are known on a first name basis by the owners who are popular and well respected members of the local community.
The premises offer development potential and plans were previously drawn up for conversion to three self contained flats.
The business has a 4 star hygiene rating.
Scope to Improve -
- Advertising and marketing campaign, a local leaflet drop often yields good results
- Extend the opening hours
- Maximise the use of social media platforms
- Consider re-introducing Newspapers and Magazines
- Explore other income streams such as additional parcel services, dry cleaning franchise etc.
- A well-established business with an enviable reputation and many existing customers
- Little or no competition locally
- Current owners happy to offer a handover to ensure the continued success
- Offers a real opportunity to increase turnover and profits significantly, current owners have been running at a pace to suit due to personal reasons
- Fixtures and fittings included making this a real Turnkey business opportunity
- Ideal owner managed or partnership business.
We are advised that the business is owner run and managed.
We are advised that the business hours are -
Monday - 09:00 – 20:00
Tuesday - 09:00 – 20:00
Wednesday - 09:00 – 20:00
Thursday - 09:00 – 20:00
Friday - 09:00 – 20:00
Saturday - 09:00 – 20:00
Sunday - 09:30 – 18:00
Perthcelyn Food Market is located in Perthcelyn.
Perthcelyn is a village and district of the community between Penrhiwceiber and Mountain Ash within the Cynon Valley in the county borough of Rhondda Cynon Taff, Wales. Affectionately known as the Lost City, Perthcelyn is at the top of the valley, with views of the Lower Cynon Valley. There are walks and rural paths leading to the Cwm and Ynysybwl.
Perthcelyn Food Market is ideally located in a densely populated, residential area which comprises a mix of property types which are owner occupied and private and local authority rented.
The business is nicely presented and maintained with clear visible. There is free parking immediately outside the premises and in the roads surrounding the business.
Perthcelyn Food Market occupies generous, single storey premises that were previously a Co-Op supermarket. The business is presented in nice condition and briefly comprises;
Shop - Roller shutter security, windows and a half glazed door to front creating a light airy and inviting interior, tiled floor, suspended ceiling with concealed lighting, perimeter shelving, open dairy chiller, glass fronted dairy chiller, fruit and vegetables racking, microwave for customer use, bespoke crisp and snacks racking, 2 double glass fronted drinks chillers, greeting card racking, hanging space for bagged sweets etc, wall mounted 8 camera CCTV monitor, beer and wine chiller, bespoke counter with generous wrapping area and spirit shelving behind. Confectionery display to front.
Stock room - Generous stock room to rear of shop with a range of base and wall units, stainless steel sink and drainer with Monobloc tap, 2 freestanding cookers, fluorescent lighting, perimeter shelving and floor storage space, door to side.
The premises are secured by a monitored alarm system and CCTV system with smart phone connectivity.
Brick built stone - Providing useful additional storage.
Externally - There are gardens to all sides of the premises, mainly laid to lawn and a driveway providing off road parking for at least 4 cars.
Tenure
We are advised that the business is being sold on a Freehold basis.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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