Convenience store for sale in Newport with potential for new ownership

Description

For sale is a thriving convenience store and off-licence located in the vibrant city area of Newport. This business benefits from a strong trading position and consistently high turnover, making it an attractive acquisition opportunity. The sale is due to the owner relocating to focus on another business venture.The convenience store operates under a leasehold agreement, providing a secure and established presence within the local community. The asking price is £99,500, with stock available at valuation. Current weekly turnover is approximately £4,630, with an estimated profit margin of around 35%, excluding additional income streams such as lottery, PayPoint and newspaper sales, which could be introduced to further increase revenue.The monthly rent is low at approximately £700, offering an affordable overhead structure for a business of this scale. The lease has approximately 20 years remaining, providing long-term security for the incoming operator.Included in the SaleAll fixtures and fittings are included in the purchase price, allowing for a smooth transition and immediate continuation of trade without additional setup costs.Opportunity OverviewThe business has a reported annual turnover of approximately £160,000, providing a stable foundation for continued operation and future growth. Annual rent is approximately £8,400. The store is located in a prime position with a loyal and established customer base, offering strong potential for further expansion and increased profitability.