Shop for sale

Nisa Castle Street & The Castle Emporium, 17-21 Castle Street, Cardiff, CF10 1BS

£200,000

Property Description

Commercial information

  • Business for sale

Key features

  • Profitable Nisa "flagship" convenience store
  • Outstanding City Centre location
  • Turnover of c.17,000 per week
  • Retail area of c.2,300 sq ft
  • Huge upside potential
  • Ideal opportunity for hands-on operator. Energy Rating C

Full description

Tenure: Leasehold

Description

The availability of Nisa Castle Street & The Castle Emporium represents a great opportunity for a new entrant or existing operator.

The business is arranged in an attractive three storey end of terrace property with a ground floor trading area. To the rear of the store is a separate entrance to The Castle Emporium.

The property is built of traditional brick construction underneath a slate roof.

Deliveries are taken through the front and rear of the store.

Location

The business is centrally located in the City Centre of Cardiff, the Welsh Capital.

The store benefits from Cardiff Castle opposite, which generates several hundred thousand visitors each year. In addition, the Principality Stadium and Cardiff Central Railway Station are both a few minutes’ walk away from the store.

Internal Details

Nisa Castle Street comprises a main ground floor trading area of c.2,300 sq ft. To the side of the store are two small stock rooms, back office and staff toilets with washing facilities. To the rear of the store is a generous storage area with washing facilities.

There are several gondolas in the store which hold a wide selection of grocery and household products. There are several fridges and freezers used to store a variety of chilled and frozen food, dairy products and alcohol. At the sides and rear of the store is a good range of shelving for magazines, papers, greeting cards, children’s toys, a bakery, fresh bread, alcohol and various confectionery and grocery products. There are two till positions, tobacco gantry and shelving for spirits. Our clients have installed an intruder alarm and CCTV system.

The Castle Emporium, in the Cardiff fashion quarter, can be accessed via the lane and has a separate entrance at the rear of the store. The Emporium houses a good selection of vintage fashion stalls including records, collectables and creative crafts, which produce an income for our client.

The Opportunity

Nisa Castle Street has been successfully run by our clients for three years during which time the store was awarded "Store of the Future" and shortlisted as "Most Improved Store" by Retail Industry Awards. Our clients are now looking to retire from the retail sector.

The vendors have not been involved with the day to day running of the business, which is currently run under management, and a new owner-operator could improve the profitability of the store. We also believe further income could be generated in The Castle Emporium by advertising space for more stalls.

This is an excellent opportunity to acquire a well established business in Cardiff City Centre, close to all amenities and with a high level of footfall.

Under new ownership and with a hands on owner-operator driving the business, Nisa Castle Street & The Castle Emporium offers an excellent opportunity for an existing operator or new entrant into the sector to run this highly profitable store.

The store also benefits from National Lottery sales and PayPoint which increases the number of customers and price per basket.

Staff

The business is currently run with three full-time and three part-time members of staff.

Trading Information

We are in receipt of the profit and loss accounts for the year ending 31 March 2017. These show an annual turnover of £876,982, producing a gross profit of £228,059, with an adjusted net profit of £82,414.

We are also in receipt of the profit and loss accounts for The Castle Emporium for the year ending 30 April 2016. These show a turnover of £31,805 which is generated from rental income from the stall holders.

Full profit and loss accounts will be made available on request.

Trading Hours

Nisa Castle Street trades Monday to Saturday 6am-11pm and Sunday 8am-10pm.
The Castle Emporium trades Monday to Saturday 8am-5:30pm.


Nearest stations

  • Cardiff Central (0.4 mi)
  • Cardiff Queen Street (0.5 mi)
  • Cathays (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Cardiff

15th Floor, Brunel House 2 Fitzalan Road, Roath, Cardiff, CF24 0EB

029 2243 0324 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 stations

  • Cardiff Central (0.4 mi)
  • Cardiff Queen Street (0.5 mi)
  • Cathays (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Cardiff

15th Floor, Brunel House 2 Fitzalan Road, Roath, Cardiff, CF24 0EB

029 2243 0324 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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