Convenience Stores for sale in Newport

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Convenience Store & Off License

Newport, Shropshire, England

  • Leasehold Price: £17,495  Price Reduced arrow_drop_down
  • Turnover: £182,000
Seller Reference: B04730
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Business Description
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Seller Reference: B04730
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Business Description
Hilton Smythe welcomes to the market this well-established off license and general store.

They have a diverse range of products to include:

• Newspapers

• Tobacco

• Sweets

• Groceries

• Coffee machine

• Phone accessories

The owner is still establishing the shop and is looking to add frozen foods, national lottery, more news, a collection service, deliveries etc.

We believe from the owners that the current shop takings are in the region of £3,500 per week and growing all the time, as new products are added.

The takings included approx. £500 pw for alcohol sales, £1500 pw for tobacco, £1000 pw for soft drinks and £500 for general confectionery.

There is great potential to take this business to the next level by adding a greater range of products and services as suggested above, more advertising and a website. Also there could be potential to add a currency section as there is a lot of passing trade from dock workers that visit the area.

There is a range of fixtures and fittings to include fridges, shelving and racking, serving counter and till. Viewing is a must to appreciate the potential on offer.

Lifestyle express is situated on the outskirts of Newport. Newport is a cathedral and university city and unitary authority area in south east Wales.

It is located on the River Usk close to its confluence with the Severn Estuary, approximately 12 miles northeast of Cardiff.

At the 2011 census it was the third largest city in Wales, with a city population of 145,700 and an urban population of 306,844. The city forms part of the Cardiff-Newport metropolitan area with a population of 1,097,000. Access is easily gained to all surrounding areas via the M4 motorway.

The shop itself has been run by the current owners for less than a year but has been established in the area for many years. The owner is now looking to pursue other business interests.

These are easily managed premises covering approx. 57 sqm on the ground floor, with main shop area, rear store/kitchen, WC and small office/further storage room.

The shop offers fixtures and fittings to include:

• CCTV with 5 cameras

• Till

• Drinks chiller

• Cigarette gantry

• Food chiller

• 2 small drinks fridges

• 2 large drinks fridges

• Coffee machine

• Various shelving and racking and more

An internal inspection is highly recommended to appreciate what’s on offer and the potential going forward.

We are advised that the business is being sold as a Leasehold opportunity, on a rolling Lease, however we believe the landlord is happy to enter into a new 10-year Lease.

The rent payable is £9,600 per annum.

Monday 6.00 am to 10.00 pm

Tuesday 6.00 am to 10.00 pm

Wednesday 6.00 am to 10.00 pm

Thursday 6.00 am to 10.00 pm

Friday 6.00 am to 10.00 pm

Saturday 6.00 am to 10.00 pm

Sunday 7.00 am to 10.00 pm

The business is currently run by the owner and one other part time member of staff.

Financial Profile
We believe from the vendors that the shop presently turns over around £3,500 per week and is growing all the time.

According to the VOA website the current rateable value is £3,700, however the owners inform me that they benefit from small business rate relief, so have no rates payable.

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