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Shop for sale

Mid Wales

£950,000

Property Description

Full description

Tenure: Freehold

Ref: 2585 - EXCELLENT FREEHOLD BISTRO STORE & GIFT SHOP
3 bedroom owners' accommodation with additional private rear grounds
Advised annual turnover of £300,000 with good gross profit returns
Ideal individual, couple and family lifestyle change opportunity
Reduced for a quick sale due to ill health and retirement
Early interest and viewing is highly recommended
Extensive retail area and amusement arcade
Prime location in the seaside village of Borth
Suitable for national retailers
Bistro with over 100 covers
Owned since 1980
FREEHOLD

Location

This exceptional freehold opportunity has a prime placement in the beautiful seaside village of Borth, Dyfed, Wales. The property sits on the main village access road which runs parallel to the sea coast neighbouring the central point of the village. The property is referred to by many as the areas main landmark due to its prominent placement and high visibility. Borth is a very popular holiday seaside resort and is a favourable destination for caravans and campers throughout the year. The business benefits massively from the visiting tourists and has several large camping and caravan sites with walking distance. Within a 1 mile radius there is approximately 3,000 caravans with additional sites and allocated camping and parking placements. The property neighbours the seafront with one of its car parks being situated right at the coastal line. The location offers very easy access to Mid Wales’s towns including Dolgellau, Newtown and Machynlleth to name only a few. It is also approximately 7 miles away from Aberystwyth, the nearest main town. Borth is a hugely desirable business and residential location due to its truly breathtaking views, fine housing, good services, healthy visiting tourist population and friendly local community. Borth is arguably one of Wales’s most desirable coastal seaside areas and has attracted visitors and new residence from across the UK.

Business History

Meridian Business Sales are delighted to offer for sale this excellent freehold facility which has a proud history dating back to 1980. Our clients are only now placing it onto the market due to strong desires for retirement. The business is run and managed by our clients and achieves an advised annual turnover of £300,000 which is derived from the sale of goods from its large store and giftware facility, a well fitted amusement arcade and a fully licensed bistro which offers an excellent range of hot and cold meals and complimentary beverages. The property also has sizable three bedroom first floor private living accommodation which is exceptionally well presented and offers a grand private living space with views to the open sea. Our clients have worked exceptionally hard to build the businesses reputation which has resulted in a trading business year on year. The property also offers car parking facilities to its front, side and rear and would possibly suit a sizable development opportunity which is yet to be explored. Our clients are very generously including all fixtures and fittings into the sale price which is a huge plus for a new owner who doesn’t need to spend additional funds for the foreseeable future. We feel that this opportunity would suit a lifestyle change individual, couple or family who are looking for a very reputable and solid trading opportunity. The property would also possibly suit a development with prime coastal placement and also an excellent sizable retail facility for a large national retailer. We would like to urge very early interest in this opportunity as businesses and properties of this calibre rarely appear onto the market.

Financial Profile
Turnover: £300,000pa
Gross profit: 60%
Stock approximately: £75,000

Tenure
We are advised freehold

Opening Hours
Trades from 1 March to the 31st October

Accommodation
Well presented property offering prime placement and interchangeable business areas, briefly comprising of:

STORE & GIFT RETAIL
Secure front entrance leading to large retail facility with fitted wall and shelving displays, many double sided display lanes with promotional end displays, several free standing and interchangeable displays, rear garden and ornament display area, 2 serving and payment counters plus an ice cream and refreshment counter with front external serving hatch.

AMMUSEMENT ARCADE
Open plan area with secure front entrance leading to gamblers, games, slots and pool table plus an external children’s ride.

BISTRO
Front, side and rear external dining with all weather tables and chairs (approximately 60 covers), rear covered area with male and female toilet facilities, conservatory with traditional dining tables and chairs (approximately 32 covers), bistro with traditional dining tables and chairs (approximately 30 covers), large chilled display, serving fitted counter with rear drinks and spirit displays plus drinks preparation and coffee perpetration facilities.
Commercial kitchen stainless steel throughout with large extraction unit, utility wash area with storage space and enclosed rear private yard area.

PRIVATE LIVING ACCOMIDATION
Access via store and private external door, situated on the first floor, briefly comprising:

Fitted kitchen/dining area with worktops, wash basin, cupboards and drawers, dining for up to 8 covers with dining table and chairs, bathroom with toilet, bath and wash basin with shower cubical, sun room with living space, storage/utility/washing room, double bedroom, large open plan living room accommodating sofa suites, large single/small double bedroom and master double bedroom with en-suite toilet, bath and wash basin.

CAR PARKS
Front car park facility plus side and rear open plan car parking, total parking spaces are believed to be in excess of 200 vehicles.

PRIVATE AREAS
Rear private areas (currently with owners’ mobile home and caravans) and large storage facility with shelving and racking.


To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

0845 222 0508 Local call rate

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Disclaimer

Property reference 2585. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Meridian Business Sales Ltd, Bolton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.