Profitable Newport Convenience Store & 2 Flats, Vendor Retiring, Sales £230K, Busy Location
Undisclosed, Newport
- Status
FOR SALE
- Date Submitted:
30/12/21
- Advert ID
288165
- Reference
G34699J / Rightbiz
- Call Agent:
- Freehold: £385,000 (Stock at valuation)
- Leasehold: £90,000
- Turnover: £255,000 (£4,904 Per week)
- Net Profit: Not Applicable
Key Features
- Open Plan Trading Area
- Price Reduced
- Ideal for Full Refurbishment
- Close to Local Amenities
- Fully Fitted
- Offers Invited
- Prime Location
- New Lease
- Accounts Available
- Established Business
- Potential for Alternative Use
- Retirement Sale
Business Details
CONVENIENCE STORE WITH 2 FLATS, NEWPORT
Key Features:
- WELL ESTABLISHED STORE IN BUSY, MAIN ROAD TRADING LOCATION.
- £255K+ P.A SALES, LOTTERY/PAYPOINT/MONEY TRANSFER OUTLET.
- RETIREMENT/RUN VERY LOW KEY...GREAT POTENTIAL TO DEVELOP SALES.
- 2 FLATS (2 BED AND 3 BED). 1 CURRENTLY LET OUT..ACHIEVING £1,000 P/M.
- FREEHOLD or BRAND NEW LEASEHOLD OPTION (WITH 1 FLAT)
EXCELLENT OPPORTUNITY: RETIREMENT SALE.*No staff to handover advised*.
A long established, spacious Convenience Store, situated in a busy trading location, upon a very busy main road into the major city of Newport, South Wales.
Vendor looking to retire after 17 happy and successful years of trading.
Enjoying easily achieved sales of circa £5,000 + per week (as supported by accounts/vat we hold on file), this is a substantial package having 2 flats also included in the freehold sale. One flat used by the vendors and a further fully self contained flat alongside/above, which is currently let out and achieving rental income of £1,000 p/month advised (August 2023)
Our Vendor is happy to offer for sale as a complete package via its lucrative freehold, or via a brand new leasehold option (with the business and the owner's flat included).
A great opportunity and only now coming to market due to our vendor wish to retire.
EPC Rating Shop: C EPC Rating Flat: D
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01633 868609.
Contact Agent
Listing Statistics
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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