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CONFIDENTIAL
SOLD
642862
For sale is a thriving convenience store and off-licence located in the vibrant city area of Newport. This business enjoys a high turnover and an excellent position, making it an attractive opportunity for prospective buyers. Unfortunately, I must sell this establishment as I have relocated to focus on another business venture.
The convenience store operates under a leasehold agreement, providing a secure and established presence in the community. The asking price for this business is £99500with stock available at valuation. The current turnover stands at an impressive £4630 per week, 35%profit margin without lottery and pay points if you wish to increase sale with applying lottery pay point and newspaper reflecting the strong demand in the area.
Additionally, the store benefits from low monthly rent at just £700, offering an affordable overhead for a business of this size. With a long lease of 20 years remaining, the new owner will have plenty of time to grow and expand the operations further.
Included in the Sale
All fixtures and fittings are included in the price, ensuring that the new owner can take over seamlessly without the need for significant additional investment in store setup.
Opportunity Overview
This convenience store has demonstrated a stable turnover of approximately £160000 annually, giving potential buyers a strong foundation for future success. The yearly rent for the premises is set at £8,400, which contributes to its affordability. With a prime location and a loyal customer base, this is an excellent opportunity for anyone looking to enter the retail sector. Business build with new structure renovated
Zero business rate
Contact on email
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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