The founder of Poundland plans to launch an online version of the shop he sold for £50 million in 2002.
Steve Smith, who now lives in a 13-bedroom mansion, plans to launch Poundshop.com early next month into what he says is a gap in the market.
Smith told the Grocer magazine: 'I'm surprised the rest of the single priced market has been so slow to embrace online. It costs so much to visit a high street store with parking prices rising through the roof.'
The website will sell food and drink pet products, tools, electrical items, home and garden products, textiles and health and beauty.
The minimum delivery is expected to be £15 to £20 and charges between £1 and £3.
Smith has featured in several newspaper features over the past week ahead of the launch, including the Daily Mirror, talking about his life, riches and the new venture.
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