• Income 2013 £249,918 and growing, with excellent potential
• Located in a prime area, undergoing major redevelopment
• Excellent shop premises with accommodation with scope to expand, growing annual income, leasehold option available at £99,950
Profitable and growing convenience store and off licence in a prime location in South Wales. Option available for the Leasehold, with owners accommodation, fitted to a high standard. Turnover for year 2013 £249,918. Excellent location serving local people and businesses with no major competition. Freehold Ref 43479
This is a rare opportunity to purchase a business located within the city of Newport upon Corporation Road, with a Leasehold option available. The store occupies the ground floor of a terraced Victorian built property, and offers huge scope to the seasoned shop keeper to develop further. The business has the added benefit of a 3 bedroom owner’s accommodation above, and having its own separate entrance. The property and shop are fully functional and the owner’s accommodation is in excellent condition, having been fully renovated, while maintaining many of its original features.
Owned by the current vendor for the last 32 years having been in the area for over 75 years the store has grown and developed with the area around it.
The store is located only minutes walking distance of the city centre of Newport and offers a selection of residents and professional people in the area. The business is within easy access to the main M4 motorways and located in a substantial redevelopment area.
News Box offers a genuine opportunity to purchase a growing business for a seasoned operator, with huge potential for developing further, as the vendors now wish to retire.
The store is licensed for alcohol sales, cigarettes and a whole host of household goods in addition to everyday groceries, including fresh and frozen products, tined products and newspapers. In addition the vendors offer a Money Transfer via RIA, international phone cards and a cash point.
The store is laid out to a high standard and benefits from a large stock room which could be used to expand the store. The vendor does not currently offer newspaper delivery so again scope remains here.
The store benefits from fully functional CCTV and an alarm system, which is annually serviced.
The owner’s accommodation is in excellent condition and fitted out to a very high standard, spacious and bright as expected from a property of this era.
This is a rare opportunity to acquire this business with growt
Summary. News Box represents an ideal opportunity for a seasoned business owner, or first time business buyer, to acquire a business in a unique position with exceptional potential in a desired location offering excellent scope to develop further. Demand is expected to be exceptionally high, therefore early viewing is a must.
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