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Retail Property (high street) for sale

Priory Street - SA43

£160,000

Property Description

Commercial information

  • Business for sale

Key features

  • Very well established hardware shop for sale with outstanding reputation
  • Continuous trading for over 20 years/ extensive client base
  • Large property in sought after location
  • Offers invited for freehold only - ideal premises for a multitude of use

Full description

Tenure: Freehold

Description
Fantastic opportunity to acquire a well established and profitable business in the beautiful and highly sought after area of Cardigan on the West Wales Coast. Siop Y Cardi has been successfully supplying an array of hardware goods to this local community for the past 24 years, and has earned a reputation for providing quality goods and services at extremely competitive prices. The current owner prides themselves on this quality of service, which is reflected in the high level of loyal and returning customers.

Cardigan sits on the estuary of the River Teifi at the base of Cardigan Bay. Its unspoilt townscape and rich heritage provide a nostalgic backdrop to a thriving culture of arts and crafts, events and music festivals. Cardigan is the gateway to the Teifi Valley with its abundant wildlife and is a good base to discover Ceredigion, Pembrokeshire and Carmarthenshire. It is an area popular with walkers, cyclists and outdoor activity enthusiasts, as well as being highly renowned as a place ideal for quiet contemplation and relaxation. The area attracts thousands of tourists each year who flock to visit the many castles, walk the coastal path, and to observe the local wildlife that includes hundreds of bird species and the local dolphins that occupy the bay.

Located in a prime and prominent position on the corner of Morgan Street and the extremely busy Priory Street that leads to the town centre, the shop benefits from a roaring passing trade due its ideal position. There are local contracts in place with businesses that have been using the shop for many years, with opportunity to acquire many more. The community fiercely supports each other so there is great opportunity build and develop more relationships. Current turnover is circa £170,000 pa but there is huge scope here for an ambitious and profit driven owner.

The shop offers a massive choice and extremely wide range of products that include every single DIY tool and accessory on the market; household

Weekly Sales
Currently shop sales average £3,500 approximately.

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Monday — Saturday 09:00 — 17:30

Staff
Managed by the owners with full/part time staff.

Property
Very large detached single storey property in a very prominent position on the corner of two extremely busy roads. Free parking in the surrounding area. 3500 sq ft open plan trading area with five large full length window display areas. Separate office room, bathroom, and store room.

Trading Areas
3500 sq ft open plan trading area with ?sectioned off? window display areas. Bespoke shelving and display units to accommodate different products. The shop is extremely well stocked and is kept to a very high standard. The whole property is clean and extremely tidy, with an organised section allocated to each type of product/sector/industry.

Residential Accomodation
There is no residential accommodation for owners/management available.

Tenure
We are advised that the property is freehold. We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
Genuine opportunity to acquire successful business with a fantastic reputation in a stunning part of the country. Ideal re-location opportunity for the right person. Viewing highly recommended. Offers also invited for premises only.


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