Prime Located DIY and Household Shop for Sale in Newport with Expansion Potential, Low Rent
City of Newport, Newport
- Status
FOR SALE
- Date Submitted:
07/01/24
- Advert ID
604655
- Reference
#TC003 / Rightbiz
- Call Agent:
- Leasehold: £75,000 (Stock at valuation)
- Rent: £4,800
- Turnover: £156,000 (£3,000 Per week)
- Net Profit: £70,000 (45% Profit margin)
Key Features
- Attractive Business
- Town Centre location
- High Turnover
- Adjacent to Multiple Retailers
- Prime Location
- Small Business
- Close to Local Amenities
- With Car Park
- Potential for Alternative Use
- Fully Fitted
- New Lease
- Unique Business
- Established Business
Business Details
Household and DIY Shop for Sale in Newport, HUGE potential to expand the business and LOW RENT!!
DIY and Household SHOP FOR SALE IN NEWPORT NP20
HUGE POTENTIAL, PRIME LOCATION WITH AMPLE AMOUNT OF PARKING FOR CUSTOMERS AND LOW RENT
This business is Located in the heart of Newport, Wales. Along with multiple other complimenting businesses this is located in a parade of shops on the Main street, it is a very dense and populated area with many shops such as Takeaways, Grocery shops, restaurants and Offices. High footfall from passing public and the people living locally.
The business has a strong reputation with customers coming from local towns and some cases cities due to the distinct variety of stock the owner has kept which makes it outstanding.
Double fronted premises with Brand New Electric Shutters, Currently has 8 CCTV Surveillance cameras , Non Slip flooring, New racks and shelves, Sales counters, Central Gondolas
Turnover:
We are informed the business currently has been trading at £3,000 a week with a gross profit of 50%-65% approx.
Rent:
The current Rent is £4,800 Per Annum, New owner will be provided with brand new Lease
Rates:
We are informed there are no business rates
The Business can be hugely profitable and the sales can be pushed if in the right hands, New prodcuts can be added as there is huge market demand in the area, Online services can be added due to different Products they have which is hard to get from any normal store, Vapes can be added to the store due to the growing demand along with Services such as Key Cutting, Phone Repairs which is hugely requested by the customers. Drinks can be added to push the sales more and will add new lines of products.
Electrical appliances and electronics can be kept and could introduce electrical and plumbing supplies.
Open 6 Days a week 9:00- 18:00
Sundays closed
Business well established since 2018, The owner is selling due to several other businesses and cannot manage it well enough.
TWO Stockrooms with a kitchen and toilet along wash hand basin.
Stock approx around £50,000
Leasehold £75,000
Viewings are Strongly recommended and for further Information please contact on
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Stay Safe
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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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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