Superbly located convenience store showing year on year growth
Income 2018 in excess of £237,000 EBITDA Excess £33,000
Located in a prime location within Nweport, main road route, passing trade
Recent shop refurbishment to a high standard, 1 bedroom apartment included (needs minor renovation)
Profitable and growing Convenience Store in a prime location within Newport Town Centre. Turnover for year 2018 in excess of £237,000 and growing. Stunning fixtures and fittings, profitable selling all products. Ideal 1st time business with owners accommodation.
This is an opportunity to purchase a business set close to the centre of Newport in South Wales, an area currently undergoing major development.. Lifestyle Express convenience store occupies a prominent trading location being on the main Corporation Road. This large, dual aspect terraced property sits on the main route into town
The site offers excellent scope for the seasoned business owner to expand upon the success and hard work that the current owners have achieved. Due to its current location and size, the store may also be of interest to corporates wanting to acquire a site in this area. Owned by the current vendors for the last 25 years, prior to this, the stores has been in the area for over 50 years and has grown and developed with the area around it. Currently there is a little competition in the area. The vendor has taken a business that was virtually non-existent and turned this around to see what we have today, a success story growing annually with excellent profits.
Newport is a large town just inside the boarder with England offering easy access into Wales and close enough to the M4 Motorway with connections to the main M5 Motorway.
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, cold food and hot and cold drinks, convenience products tined products, cards, magazines and newspapers. The store does not offer newspaper delivery rounds but there is some demand for this from the locals. In addition the store offers Paypoint and the National Lottery and extend current trading hours, all can increase the already increasing turnover.
The business resides in a leasehold basis, the freehold is owned by our vendor, this double fronted lock up store has a main selling floorspace of some 800 sq ft (expandable) In addition there is owners accommodation to the first floor. This however cannot be sub leased as it can only be accessed from
Summary. The Lifestyle express store represents an ideal opportunity for a new or seasoned business owner, lifestyle client, or corporate owner to acquire a business in a unique position with exceptional Potential in a desired location offering excellent scope to develop further.
The business represents an ideal opportunity and demand is expected to be exceptionally high, therefore early viewing is a must
The business is owned by a limited company. However the vendor has no preference for either an asset sale plus goodwill or a full share sale. The sale price quoted above is based on the assumption that:
On or before completion, the vendor will have withdrawn all cash from the company and paid off all bank debts and any money owed to the Inland Revenue, but not any trade creditors; the quoted sale price does not include the stock in the business, the value of which, following a stock-take, will be added to the agreed sale price. The estimated stock level is in the region of some £20,000
Is accommodation included?: