Convenience Stores for sale in Cardiff

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Adam Warren (Jan 2017)
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Leasehold Price: £135,000 Annual Turnover: £520,000
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Business Description
The business has been established for 25 years+
Located in a very busy City Centre Location, next door to Waterstones, and House of Fraser. Other stores include TK Maxx, Hugo Boss, Urban Outfitters, Fred Perry. Also on its doorstep are Cardiff's famous shopping arcades and the highly successful St David's 1&2 shopping centres.

It is right opposite St Davids Hall which hosts conferences, concerts etc on a regular basis. The Principality (formerly Millennium) Stadium is just a 2 minute walk away.

Currently operating 7 days a week, 7am-5.30PM Mon-Sat, 9.30am - 5PM Sunday and employs 8 part time staff.

Business activities include sales of News, Tobacco, Confectionery, Soft drinks, Sandwiches, National Lottery (full online terminal plus scratchcards),
Newspapers supplied to 9 City Centre Betting Shops, also various offices as well as and Coffee Shops (including several Costas, & Neros).

The business is currently run mainly with staff only, resulting in a high wage bill. the business would benefit from a family run business which would reduce the wage bill drastically. (Current wage bill is £36K pa not including owner).

Other benefits include an increase in opening hours to cater for the evening trade (store is directly opposite St Davids Hall which is home to many evening concerts and events).

The business would also benefit from increased food to go sales and an alcohol licence. There is a good demand for the purchase of alcohol particularly on match days at the nearby Millennium Stadium where there is huge potential

The current lease expires end of January 2018, we have had preliminary discussions with the landlords regarding a new lease. They have suggested a new 5 year lease from January 21st 2017 at a rental of £56K PA.
Current rental is £50,000PA (see above). Business rates Approx £25,000

There is an agreement in place for Microcellular Equipment on the property, there is an annual payment made to the business of £2350 PA for this.

Ground floor sales area approx 333 SQ FT Basement storage area plus 2 x WC and separate office approx 457 SQ FT

There are two upper floors to the property, however there is limited access to these floors and no payment in rent or rates is payable on this area.

Takings: £10K Per Week (Excludes VAT) (Excluding Lottery Sales).
Newsbill £1,650 Per Week
Lottery Commision for 2016-17 £17,518 (Lottery Sales £230,000PA)

Wages 2016-17 £36,275

There are no certified accounts available for the business, however all financial information is available showing takings, expenditure, wages, all other outgoings and receipts.
All till rolls and purchase invoices are available.

Equipment included in the sale: Newspaper and Magazine shelving, 2 x Ice cream Freezers, 2 x Dairy/Drinks Multideck Chiller, EPOS Till System including 2 terminals plus back office.
Tenure: Leasehold

Location Details: Superb City Centre location lock up unit.

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