Hilton Smythe welcomes to the market Hillside Stores.
There has been a newsagents or convenience store on this site since the early 1960’s and the current owner has been successfully running the business for the last six year or so and is now only selling, reluctantly to pursue other business interests.
Hillside Stores is a vibrant store, at the heart of the community with many many regular customers many of whom are known on a first name basis by the current owner who is liked and respected by all his customers.
The business sells, tobacco products, confectionery, general groceries, frozen food, greeting cards and beers, wines and spirits.
Scope for improvement
Extend the opening hours.
Review items stocked and consider reintroducing newspapers and magazines.
Offer a delivery service.
Introduce a lottery terminal.
Advertising and marketing campaign, perhaps a leaflet drop around the local estates.
Introduce a loyalty scheme/ card.
Redecorate the exterior of the store and improve signage from main road.
Hillside Stores is situated just outside the town of Pontypool, Torfaen.
The business is perfectly located within a densely populated residential housing estate. It is on one of the main arterial roads through the estate and as such benefits from high levels of footfall and passing trade as well as many regular customers.
There is free parking immediately to the front of the business.
The business occupies the ground floor of a brick built detached building. Circa 62sq m.
Generous sized shop with well stocked shelves. Windows to front creating a light airy interior, tiled floor, roller shutter to front and a monitored alarm system, 4 camera CCTV system, bespoke counter with generous wrapping area, till and Payzone terminal, cigarette gantry and spirit shelving behind counter, purpose built crisp and snack racking, greetings card display, perimeter shelving, 2 central shelving gondolas, two double glass fronted drinks chillers, glass topped food freezer and glass topped ice cream freezer.
Stock Room 1
With perimeter shelving, floor storage space, glass topped chest freezer, glass fronted drinks chiller, stainless steel sink and drainer with Triton water heater.
Stock Room 2
With perimeter shelving and floor storage space
With hand wash basin
Door to secure rear garden.Tenure
We are advised leasehold.
This is an attractive council lease, it was originally a five year term but is now on a monthly rolling basis. We are further advised that the council would be happy to offer a lease to a new owner.
Rent is £27,000 per annum.
There are no business rates currently payable.Hours
The business currently opens: -
Monday to Saturday 9.00am -7.00pm
The business is owner managed with the help of casuals as and when required.Financial profile
The turnover in 2016/2017 was approximately £156,000 per annum.
The business takes £100 per week through the Payzone terminal and approx £40 per week on the Health Lottery.Reasons to buy
A well established and popular business with little or no competition locally and many existing customers.
Minimal running costs with low council rent and no business rates.
A real opportunity to increase turnover significantly, the current owner has been running at a pace to suit.
Free parking immediately outside.