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Busy Convenience Store In Densely Populated Area For Sale

Pontypool, United Kingdom
Asking Price:
£34,990
Turnover:
£156,000
Net Profit:
Available on request

Business
Hilton Smythe welcomes to the market Hillside Stores.

There has been a newsagents or convenience store on this site since the early 1960’s and the current owner has been successfully running the business for the last six year or so and is now only selling, reluctantly to pursue other business interests.

Hillside Stores is a vibrant store, at the heart of the community with many many regular customers many of whom are known on a first name basis by the current owner who is liked and respected by all his customers.

The business sells, tobacco products, confectionery, general groceries, frozen food, greeting cards and beers, wines and spirits.

Scope for improvement
Extend the opening hours.
Review items stocked and consider reintroducing newspapers and magazines.
Offer a delivery service.
Introduce a lottery terminal.
Advertising and marketing campaign, perhaps a leaflet drop around the local estates.
Introduce a loyalty scheme/ card.
Redecorate the exterior of the store and improve signage from main road.

Location
Hillside Stores is situated just outside the town of Pontypool, Torfaen.

The business is perfectly located within a densely populated residential housing estate. It is on one of the main arterial roads through the estate and as such benefits from high levels of footfall and passing trade as well as many regular customers.

There is free parking immediately to the front of the business.

Premises
Hillside Stores is situated just outside the town of Pontypool, Torfaen.

The business is perfectly located within a densely populated residential housing estate. It is on one of the main arterial roads through the estate and as such benefits from high levels of footfall and passing trade as well as many regular customers.

There is free parking immediately to the front of the business.

Tenure
We are advised leasehold.

This is an attractive council lease, it was originally a five year term but is now on a monthly rolling basis. We are further advised that the council would be happy to offer a lease to a new owner.

Rent is £2,700 per annum.

There are no business rates currently payable.

Hours
The business currently opens: -

Monday to Saturday 9.00am -7.00pm
Sunday 10.00am-6.00pm.

Staff
The business is owner managed with the help of casuals as and when required.

Financial Profile
The turnover in 2016/2017 was approximately £156,000 per annum.

The business takes £100 per week through the Payzone terminal and approx £40 per week on the Health Lottery.

Property information

Property:

Leasehold

Contact Broker

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