Freehold Seasonal Gifts and Convenience Store Norfolk Broads For Sale

Business description

BUSINESS HISTORY

SBS Commercial is pleased to offer for sale this business and freehold property/land which our client is placing on the market in order to pursue other business interests.

There has been a general stores on the site for over 100 years with the business being run successfully by the vendors since early 2006.

Included in the sale are additional freehold buildings consisting of 16 concrete garages that are let to people who have boats at the local marina or own nearby holiday chalets, together with 12 permanent parking bays and a plot of land with 30 parking spaces used as holiday parking for visitors hiring boats locally.

CUSTOMER BASE
They cater mainly for holiday-makers who come to this popular location every year on coach trips, boat trips and boating holidays.

PRODUCTS
They sell all the usual convenience goods such as newspapers; wines/beers/spirits; groceries etc, together with maps; books; local produce; confectionery and their delicious speciality ice cream. The current owners have also added an extensive range of popular gift items.

SCOPE FOR GROWTH
We believe there is scope for growth through the introduction of additional ranges such as pet food or opening during the Christmas period and restocking with the appropriate seasonal goods.

STAFF
The vendors manage the business with the assistance of 1 full-time member of staff plus 6 part-timers and juniors depending upon the season.

SUMMARY
This is a well run profitable enterprise with scope for business expansion as well as the possible development of the additional freehold land, and one that we believe would appeal to anyone seeking an investment opportunity.

Early viewing is highly recommended.

FINANCIAL DETAILS
T/O: £367,921
G.P: 33.1% (approx)
Rental & Parking Income £21,500

PROPERTY DETAILS
The stores are located in a timber framed and clad freehold building briefly comprising:

Ground floor
? Main sale area of 1750 square feet (approx).
? Sales counter with 3 tills and credit/debit card machines.
? Mixture of free standing and wall mounted merchandise display shelving.
? CCTV.
? Back office behind main sales counter.
Door to
? Staff room.
? Ladies & gents toilets.
? Goods in area with rear entrance from access road.
? Main store of 800 square feet (approx).
Stairs to
First floor
? Storage loft with office area, 600 square feet (approx).

External
? 16 block built garages.
? Block built storage building 800 square feet (approx).
? Car parking for 12 vehicles.
? Additional land circa 850 square metres.
? Access roads with rights of way for neighbouring properties.

TENURE: Freehold
BUSINESS RATES: £6,829 per annum.

Property information

Property:

Freehold

Location:

The business is ideally located adjacent to the old bridge over the river Thurne in Potter Heigham, a popular tourist location on the Norfolk Broads. Potter Heigham lies approximately 30 minutes drive away from the historic city of Norwich, which has a main line rail connection to London (1 Hour 35 mins) and is home to the region’s airport.

Premises details:

PROPERTY DETAILS
The stores are located in a timber framed and clad freehold building briefly comprising:

Ground floor
? Main sale area of 1750 square feet (approx).
? Sales counter with 3 tills and credit/debit card machines.
? Mixture of free standing and wall mounted merchandise display shelving.
? CCTV.
? Back office behind main sales counter.
Door to
? Staff room.
? Ladies & gents toilets.
? Goods in area with rear entrance from access road.
? Main store of 800 square feet (approx).
Stairs to
First floor
? Storage loft with office area, 600 square feet (approx).

External
? 16 block built garages.
? Block built storage building 800 square feet (approx).
? Car parking for 12 vehicles.
? Additional land circa 850 square metres.
? Access roads with rights of way for neighbouring properties.

TENURE: Freehold
BUSINESS RATES: £6,829 per annum.

Other information

Expansion potential:

SCOPE FOR GROWTH
We believe there is scope for growth through the introduction of additional ranges such as pet food or opening during the Christmas period and restocking with the appropriate seasonal goods.

Support & training:

As required from the vendors.

Trading hours:

Daily from Mid March to End October
Low season: 8.00am – 5.00pm
High season: 8.00am – 7.00pm