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Freehold Convenience Store With Accommodation For Sale

Newport, United Kingdom
Asking Price:
£389,950
Turnover:
£384,533
Net Profit:
Available on request

Business
Hilton Smythe welcomes to the market this very well-established general store, which has little competition locally. The store provides an important service to the local community as well as the many tourists who enjoy the lovely coastline. The area boasts 3-4 caravan parks within walking distance; from which the business derives much of its trade.

They offer a diverse range of products to include newspapers, tobacco, sweets and groceries, national lottery, bake & bites food service, alcohol and dry cleaning, together with other sundry items.

The shop itself has been run by the current owners for the past 15 years and they are now looking towards a well-earned retirement.

The turnover for the business is split: -
£750 per week for tobacco
£1,000 per week for lottery
£1400 per week for news sheets
£1,000 per week for alcohol
£500 per week for bake & bite takeaway hot food
£900 per month for dry cleaning

The nearest major store is around 20 miles away, so the locals are heavily reliant on Keil Stores for a large amount of their weekly groceries.

The business could be grown even further with the introduction of deliveries to the local caravan sites and tourists, together with the locals.

Included in the sale is a substantial sized owner’s accommodation; perfect for a family looking to relocate to this beautiful location. The accommodation comprises of 4 bedrooms, kitchen, conservatory and a bathroom.

Location
Kiel House Stores offer a detached Freehold opportunity situated in a lovely, peaceful rural location being the only shop within 5 miles so offering a very important service to the area with no direct competition.

Dinas Cross is a popular village which stands on the North Pembrokeshire Coastline in between the Market Town of Fishguard (4 ½ miles East) and the Coastal Town of Newport (2 ½ miles West). It is a growing village which has the benefit of 2 pubs, a Fish & Chip Shop Takeaway, a Church, 2 Chapels, a Post Office/Petrol Filling Station/Store, a Village/ Community Hall and a Licenced Restaurant at Pwllgwaelod.

The Pembrokeshire Coastline at Pwllgwaelod within a mile or so of the property and also close by are the other well-known sandy beaches and coves at Cwm-yr-Eglwys, Aberbach, Aberfforest, Aber Rhigian, Cwm, The Parrog and Newport Sands.

Kiel House Stores is situated in the heart of the village fronting onto the main A487 Fishguard to Cardigan Road.

Premises
Kiel House Stores offer a detached Freehold opportunity situated in a lovely, peaceful rural location being the only shop within 5 miles so offering a very important service to the area with no direct competition.

Dinas Cross is a popular village which stands on the North Pembrokeshire Coastline in between the Market Town of Fishguard (4 ½ miles East) and the Coastal Town of Newport (2 ½ miles West). It is a growing village which has the benefit of 2 pubs, a Fish & Chip Shop Takeaway, a Church, 2 Chapels, a Post Office/Petrol Filling Station/Store, a Village/ Community Hall and a Licenced Restaurant at Pwllgwaelod.

The Pembrokeshire Coastline at Pwllgwaelod within a mile or so of the property and also close by are the other well-known sandy beaches and coves at Cwm-yr-Eglwys, Aberbach, Aberfforest, Aber Rhigian, Cwm, The Parrog and Newport Sands.

Kiel House Stores is situated in the heart of the village fronting onto the main A487 Fishguard to Cardigan Road.

Tenure
We are advised that the business is being sold as a Freehold opportunity.

Hours
Monday – Saturday: 7.00 a.m. - 7.00 p.m.
Sunday: 8:30 a.m. - 3.00 p.m.

During the summer they extend the opening hours later in the evening during the week and until 6 pm on a Sunday. This is normally the end of May to the end of September.

Staff
The business is currently run by the owners together with 1 full and 3 part time members of staff.

Financial Profile
The accounting information shows a turnover of £384,553 for the year ending 2016, with a gross profit of 15%.

According to the VOA website the current rateable value is £7,000; however, the owners inform me that they benefit from small business rate relief so only pay around £100 per annum at present.

The council tax band for the house is D.

Property information

Property:

Freehold

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