The Best One is located in Milford Haven, South West Wales, and can be accessed either via the A4076 or Milford Haven train station, which is a short walk from the town centre. Milford Haven is a popular coastal town surrounding a harbour and has a population of around 13,000 people. The store itself is situated on the busy high street with multiple other businesses, including Greggs, Barclays Bank and the Original Factory Shop and is close to the harbour. The Best One benefits from considerable footfall throughout the year, with a seasonal uplift during the summer months. There is no corporate supermarket competition currently on the high street.
The Best One occupies the ground floor of a large mid-terraced three floor property and benefits from good customer access to the front and a large free car park to the rear. On the first floor there is a vacant unit and accommodation space totalling 3000 sq.ft in need of modernisation.
The Best One comprises a well-fitted trade area of approximately 2,600 sq ft with tiled floor, three-position serving counter, cigarette gantry, alcohol display and medicine display. The store has four aisles with a wide range of shelving storage throughout, including magazine and newspaper shelving, gift card racks, grocery storage shelves and display units, together with other display units for confectionery goods. There is a designated off-licence area with two chillers, and two free-standing rotating alcohol display gondolas. To the right hand side of the store there are six open chillers for fresh produce, and in the centre there are six chest freezers. The store was converted to a convenience store in 2013 so all of the equipment is less than three years old at a cost of £120k. It also has a full CCTV monitoring system and air conditioning. To the rear of the trading area is a 750 sq ft storeroom with walk-in chiller, plus staff toilet, kitchen area and office. An internal staircase leads up to the first floor.
The second floor consists of five one bedroom bedsits that are currently vacant. These have separate access via a door from the rear car park. The bedsits would require some light refurbishment for them to be let giving an additional income of £28k per year. There is also a separate retail unit 750 sq.ft on the first floor alternatively 8 bedsits could be built.
The business has been owned and operated by the current owner for approximately two and a half years. The Best One would suit either a husband and wife team with retail experience or an existing operator looking for an additional business.
There are currently three full-time and two part-time members of staff, plus a part time manager.
Weekly sales in excess of £9000 per week - gross margin shop sales 25%
Weekly sale are increasing week by week.
Genuine reason for reluctant sale.
£15 000 per year - 20 year new lease
REDUCED Business Premium - £29,950.00
Stock at Valuation.
Net Adjusted Profit in excess of £60k per year plus additional rental income estimated to be £28k per year.
Location Details: Busy High Street Location
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