COLWYN BAY - Convenience Store / Off Licence Selected For Lotto Terminal

Blacks are pleased to market this local Londis store located in a well established and popular residential area of Colwyn Bay. The town is located on the North Wales coast, is known for its seaside promenades, and is favoured by holidaymakers, day-trippers and its resident population of all ages.

The vendor advises that the shop was originally established in the 1930s and was bought by him in 2007. The shop is unopposed in the immediate area, which is a densely populated and used by students from the local High School. It was well presented and stocked at the time of our visit with modern fittings and livery in accordance with the Londis standard and benefitting from the EPOS till and back office system supporting this convenience store with off licence, news and magazines. There is free roadside parking.

The business enjoys takings of £9,500 per week and a gross profit of 19% which is assisted by the buying power of the Londis group. The shop has been run under semi management as the vendor has a larger business in a nearby town. We consider that the business may have even more potential if run full time by an energetic and enthusiastic new owner. The vendor would be pleased to consider a handover period to assist a buyer.