Retail premises for sale in Abergele Road, Old Colwyn, Colwyn Bay LL29

£319,950
Retail premises for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property features

  • Main Road Trading Position
  • Predicticted Annual Turnover 2021 £430,000
  • Accounts Available Year End 30th April 2020
  • Annual Turnover £373,400
  • Gross Profit £91,784
  • Rental Income From Flat £5,400
  • Accounts Available After Viewing
  • Established 1996
  • Retirement Sale
  • Three Bed Self Contained Flat
  • Lottery & News Sheet In Place
  • Fully Alarmed
  • CCTV Throughout
  • Fully Equipped
  • Presented Well
  • Potential For Late Night Opening
  • Scope For Marketing Drive
  • Scope To Introduce Social Media
  • EPC - E

Property description

Ref 7434 – Freehold Convenience Store
Blacks Brokers are pleased to bring to the market this freehold convenience store located in Colwyn Bay, Clwyd.


Introduction


Londis was established by our client in this bustling and popular area of Colwyn Bay in 1996. The business offers a range of convenience products including newspapers, magazines, alcohol, tobacco and much more. 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 and superb reviews are noted online.


Location


Londis occupies a main road trading position within the town centre. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Aldi and The Coop. There are also a number of housing estates nearby as well as schools, parks and other local amenities. The area is well linked by the A55 with very strong public transport links and parking is available in the surrounding area.


Reason for sale


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.


Staff


The business operates with two members of full time staff in employment supporting our client working on a full time basis. There are also six newspaper delivery staff.


Financial details


Londis has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 30th April 2020 show annual turnover of £373,400 and gross profit of £91,784. The turnover is just shop takings alone, there is an additional £100,000 worth of lottery takings on top of the turnover figure. Full financial information is available upon request.


Business rates


The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


This highly profitable and long established business occupies an enviable trading position in a busy, sought after area of Colwyn Bay. 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 and longer opening hours, possibly a delivery service where appropriate. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. It may also be of great interest to an investor looking for properties in this incredible area of North Wales. Early viewings are strongly advised. Business & Property: £319,950.

Please quote ref: 7434

Business Accommodation

Building layout and design

Londis operates from the ground floor of a spacious mid terraced property on a busy road. The business has large branding and signage on display above a fully glazed frontage. Inside, the servery/counter is positioned to the side of the shop with two large storage areas to the rear of this. The shop is well fitted with wall shelving, central gondolas, display cabinets and so on. There is an enclosed back yard with outside toilet. All areas are well equipped and presented nicely.

The first floor flat has a private entrance and comprises of two large double bedrooms, one single bedroom, lounge, kitchen and family bathroom. The rental income from the flat is £5,400 per annum.

Fixtures & Fittings

Shelving

Racking

Rijo 42 Coffee Machine

Uno Commercial Bakery Oven

Chilled Drinks Cabinets

Upright Chiller Display Cabinet

Epos Till System

Opening Hours

Mon - Thu: 06:45 - 17:30
Fri: 06:45 - 18:00
Sat: 06:45 - 17:00
sun: 07:45 - 14:00

Arrange Viewing

For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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