Prime Located DIY and Household Shop for Sale in Newport with Expansion Potential, Low Rent

Description

DIY and Household Shop for Sale in Newport NP20This is a leasehold opportunity to acquire a well-established DIY and household retail business located in the heart of Newport, NP20.The business occupies a prime position within a busy parade of shops on a main street, surrounded by complementary retailers including takeaways, grocery stores, restaurants and offices. The area benefits from strong footfall from both passing trade and the local residential population.The premises are double fronted and include electric shutters, CCTV surveillance system with eight cameras, non-slip flooring, racking and shelving, sales counters and central gondola display units. The property also benefits from customer parking.Trading InformationThe business is reported to achieve weekly turnover of approximately £3,000, with an estimated gross profit margin of 50%–65%.Tenure and RentThe current rent is £4,800 per annum. A new lease will be provided to the incoming purchaser. There are no business rates payable, as advised.Stock and PremisesStock is valued at approximately £50,000 and is available in addition to the purchase price.The premises include two stockrooms, a kitchen area, toilet facilities and wash hand basin.Trading HoursThe business currently operates six days per week from 09:00 to 18:00, and is closed on Sundays.Opportunity and Growth PotentialThe business has been established since 2018 and is offered for sale due to the owner’s other business commitments. There is significant potential to increase turnover through the introduction of new product lines and services, including vapes, drinks, key cutting, phone repairs, electrical appliances, plumbing supplies and an expanded online sales presence.The business currently benefits from a strong reputation and customer base, with demand for specialist products drawing customers from surrounding towns.TenureLeasehold opportunity priced at £75,000.