Attractive Olde Established Patchwork Quilting Cross Stitch Tapestry Fabric and Shop For Sale

Business description

This attractive business is operated from Wroxham Barns, which we understand was established in 1983 and comprises a sought after shopping experience with craft studios, restaurant/café. In addition there is an 18 hole mini golf course, brewery, picnic area plus garaden centre.

AMPLE PARKING FOR THE CENTRE

SPACIOUS SALES SHOP one area 16ft x 30 ft plus additional rear display area 20ft x 16ft, fully carpeted. Large desk/counter, electronic cash register, display units, display stands, additional counter with electronic cash register.

The vendor also operates a workshop for patchwork and quilting, this is operated from a spacious first floor room approx. 150 yards from the shop. Fully fitted with tables and chairs. The workshop is operated for a maximum of 15 persons with tutors being employed on a self employed basis.

Ladies' and gentlemen's toilet facilities for the centre

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a yearly agreement at a rental of £11,064.

Uniform Business Rates: £1,500 p.a. approx.

THIS ATTRACTIVE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Sought after, NORFOLK BROADS, NORFOLK

Other information

Expansion potential:

WE ARE INFORMED the anticipated sales year ending June, 2009 showed in the region of £180,000 inclusive of VAT. We are further advised that the draft accounts year ending 30th June, 2008 showed £159,213, net of VAT with a gross profit of £87,241. In our opinion the business offers tremendous potential for further development in the right hands.

Reasons for selling:

TO INCLUDE THE YEARLY AGREEMENT, GOODWILL, FIXTURES & FITTINGS £29,500 plus STOCK AT VALUATION (£60,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

10 a.m. - 5 p.m. seven days per week

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.