Convenience Store for sale

Commercial Road, Newport, South Wales, NP20

547 sq. m. | £199,995

Property Description

Commercial information

  • Business for sale
  • 5,887 sq ft (547 sq m)

Key features

  • REF 2211
  • LEASEHOLD BUSINESS

Full description

Tenure: Leasehold

LOCATION
Clare Food Stores Ltd occupies substantial ground floor premises, ideally located on a busy main road running through the city of Newport, Gwent. The premises are situated in a prime trading location on Commercial Road and is surrounded by a wealth of complimentary shops and businesses, therefore benefitting from a vast amount of footfall and passing trade. The business is surrounded by densely populated residential estates, from which the business derives much of its trade.

Newport is a cathedral and university city in south east Wales. The city is located on the River Usk, close to its confluence with the Severn Valley. As of the 2011 census, Newport is the third largest city in Wales, with a population of 145,736, and an urban population of 306,844.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Newport Railway Station is approximately one mile away. The area is also well served by the A-roads, with the A4042 within easy driving distance, which links to the vast A-road and motorway networks. Cardiff is approximately 11 miles away and Pontypridd is 18 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular convenience store in Newport, Gwent. The business was established by our client in 2004 and is only now being offered to the market due to our client`s desire for a well-deserved retirement. The business operates 7 days per week and generates a healthy turnover in the region of 1,000,000 per annum, with a good gross profit.
The turnover is generated from the sale of everyday convenience items, household goods, fresh fruit and vegetables, chilled goods, frozen foods, confectionery and tobacco products, to name a few. The business also boasts a Halal butchers to the rear of the shop, which has proved to be very popular. The shop is well-presented throughout and boasts a large sales and display area, with racking and shelving to suit the trade.
The business has an excellent reputation within the area for the high quality of the stock and services available, which has resulted in a very loyal client base, with a vast amount of repeat trade and word of mouth referrals. We feel the turnover could be increased by extending the opening hours and perhaps introducing new lines, and perhaps applying for an alcohol licence. This is an excellent opportunity for a new owner to take this already popular and thriving business to the next level; therefore early viewing must come highly recommended.

PREMISES
Ground floor, double fronted premises in a corner trading location, briefly comprising:

Ground floor:

Large sales and display area.
Serve over counter with 2 x electronic cash register, weighing scales and Paypoint terminal.
4 x shop length display shelving.
2 x double door soft drink chiller units.
8 x large glass top chest freezers.
Open display chiller for milk, cheese etc.
Two door freezer unit.
Industrial racking for wholesale and heavier products.

Halal butcher:
Glass fronted fresh meat display chiller unit.
2 x electronic weighing scales and printers.
3 x mincing machines.
Cutting machine.
2 x wooden butcher's blocks.
3 x walk-in refrigerators.
Walk-in freezer.

Staff kitchen.
WC and wash hand basin.
Small rear office with electronic weighing scales, wrapping machine and safe.

Basement:

Industrial racking and shelving to suit trade.
Scissor lift with access from side entrance, which has security shutter doors.

The business has 16 camera CCTV system with 24 hour surveillance, which can be viewed from home and a fire alarm system.

TENURE
We are advised Leasehold:

A new lease will be assigned.
Lease length: 20 years.
Rent: 25,000 per annum

HOURS
The business is open:

Monday - Saturday: 9.00am - 8.00pm
Sunday: 10.00am - 8.00pm

STAFF
The business is owner run and managed with 6 x staff members.

FINANCIAL PROFILE
The business generates a healthy turnover in the region of 1,000,000 per annum, with a good gross profit.


Nearest stations

  • Newport (S. Wales) (0.7 mi)
  • Pye Corner (2.2 mi)
  • Rogerstone (3.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Newport (S. Wales) (0.7 mi)
  • Pye Corner (2.2 mi)
  • Rogerstone (3.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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