Ref 7401 – Leasehold Convenience Store & Post Office
Blacks Brokers are pleased to bring to the market this leasehold convenience store & Post Office located in Caernarfon, Gwynedd.
Sheena's Stores & Lon Y Bryn Post Office was established by our client in this busy residential area of Caernarfon in 1989. The business offers a range of convenience products (including alcohol) and Post Office services. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation.
The business occupies a prominent trading position within a residential area of the town. The area is densely populated and is a short distance from a busy town centre, sea front and many tourist attractions. There are also a number of Holiday Parks nearby including Glan Gwna. The area is well linked by the A487 with strong public transport links and free parking is available immediately outside.
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease expires in 2034 and runs at a cost of only £90 per week. The lease is provided by Gwynedd Council.
The business operates with our client in full time employment supported by two family members working on a part time basis.
Sheena's Stores & Lon Y Bryn Post Office has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 30th September 2020 show annual turnover of £352,236, gross profit of £66,602 and Post Office Salary of £20,074. Full financial information is available upon request.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This well known and long established business occupies an enviable trading position in a popular residential area of Caernarfon. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines, possibly a delivery service where appropriate and a social media and online presence. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £119,995.
Please quote ref: 7401