2 properties converted into 1
Turnover 2017 £231,790 and growing, main road location
3 to 4 bedroom owners accommodation included (currently sub let providing income)
Excellent scope to expand on turnover and profitability
Ref;46710.Profitable Freehold Convenience Store in prime location in a busy central location near Newport. Turnover for year end March 2017 of £231,790 and growing, plus lottery sales with potential to increase. 3/4 Bedroom owners accommodation currently sub let providing 7k
This is a great opportunity to acquire a convenience store located upon the main high street within Newport.
To the front of the store there is off road parking for up to 5 vehicles. The store consists of 2 properties which have been sympathetically made into one store of approximately 1,500 sq.ft. and has accommodation above.
The store is bright and modern with additional store rooms which could be utilised to increase the store size.
The business supplies all aspects of general convenience goods including alcohol, cigarettes, medicines, lottery, paypoint, general hardware, newspapers and magazines, with scope for newsrounds and is also associated with Hermes parcels.
The store is currently run by the vendors and their family and is only being offered fro sale due to retirement. The store has been established upon site for over 50 years, with the current vendor running the shop for the last 16 years.
The store currently has an annual turnover of approximately £231,790 (weekly £4,457) and has true potential to grow as the vendor currently limits the opening hours.
The property also benefits from a 3/4 bedroom flat above the store, which is currently rented out on a short term lease. The current tenant has lived there now for over 5 years giving approximately another £6,000 in rent.
With excellent scope to increase turnover and profitability, the business offers true scope to someone wanting to relocate and have a lifestyle business. The business will also be ideal for a seasoned operator wanting a change.
Summary. Pentwynmawr stores is a delightful family run business that is ideally located and supported by the communities within the vicinity.
Offering a lifestyle change to new owners while still offering scope to the seasoned operators with potential for additional income from the flat.
A viewing is essential to fully appreciate the quality of the store in question and the size of the flat above.
Is accommodation included?: