3 bedroom convenience store for sale

High Street, LL55

£650,000

Property Description

Full description

WELL ESTABLISHED LONDIS CONVENIENCE STORE - NORTH WALES
Leasehold option available at 249,950 Plus SAV
Situated in the desirable village of Llanberis
Early viewing essential to fully appreciate
Well appointed & presented throughout
High amount of regular & repeat trade
Advised annual turnover of 700,000
Fish and chip shop within the store
Ideal partnership opportunity
Walk-in condition
FREEHOLD


Location
This fantastic Londis convenience store is situated in the village of Llanberis, Gwynedd, North Wales. Llanberis is a picturesque lakeside village bordering the Snowdonia National Park, at the foot of Snowdonia itself. It is a mecca for walkers and mountain enthusiasts and a magnet for visitors from all over the globe. Just yards from the store is the main terminus for the Snowdon Mountain Railway and the popular Electric Mountain Visitor Centre. A further steam railway is found at Padarn Lake, and there are a variety of outdoor activities to suit all ages in and around the village. Llanberis has a number of independent shops including many climbing and mountaineering equipment stores, hotels, pubs and restaurants. The village is also known for the international fell race to the summit of Snowdon whilst the fabulous Llanberis pass is used for marathons and cycling events throughout the year. The historic town of Caernarfon lies approximately 8 miles distant with the university city of Bangor a short distance further.

Business History
Meridian Business Sales are privileged to offer to the market this superb Londis convenience store which was established by our client in 2004. Our client is reluctantly offering the business to market due to personal reasons.

The business is very well presented throughout and is being sold with all fixtures and fittings included in the sale price which is a huge plus for a new owner as additional funds will not need to be spent on modernising for many years.

Our client advises us that annual turnover currently runs at 700,000. The established business trades as a Londis convenience store, with an off licence, daily provisions, a recently introduced a lottery terminal, paper deliveries and a new hot food take away section introduced in January 2015. The takeaway specialises in home-made traditional Pizzas, Fish & Chips and a Deli provision, introducing very high GP margins and contributing towards very healthy Net Profits.

Also included in the sale is a first and second floor commercial / residential letting unit / owners accommodation, in need of some refurbishment (mainly cosmetic work) but full of character and worthy of inspection. The substantial premises and well run business is offered for sale as a going concern to include fixtures and fittings.

Our client has maintained a steady stream of regular customers therefore enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade.

This is a tremendous opportunity to purchase a premium business which is a great base to build upon and as such early viewing is strongly recommended as businesses of this calibre rarely stay on the market for long.

Financial Profile
Turnover: 700,000pa
Stock approximately: 20-25,000

Tenure
We are advised freehold
Long Leasehold may be considered (249K O.I.R.O) - Rent to be negotiated
Opening Hours
All year round

Accommodation
Lucrative multi-functional detached commercial premesis briefly comprising:

GROUND FLOOR
Secure entrance leading to:

Open plan store

Racking & shelving displays

Newspaper/ magazine shelving

Stationary display

Sweets display

Alcohol display

Drinks fridge

Chest freezers

Free standing displays

Serving/payment counter (EPOS system)

PDQ machine

Cigarette gantry

Storage room

Cash machine

CCTV

FIRST FLOOR
Owners Accommodation
3 bedroom flat fully modernised

Nearest station

  • Bangor (7.2 mi)
Distances are straight line measurements from centre of postcode

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

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Bangor (7.2 mi)
Distances are straight line measurements from centre of postcode

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

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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