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Established Car Parts And Accessories Shop In Suffolk For Sale

Beccles, Suffolk, UK
Asking Price:
£49,995 Furniture / Fixtures and Inventory / Stock included
Turnover:
£120,000
Net Profit:
Available on request

Long-established and respected shop in the picturesque market town of Beccles, the southern gateway to the Norfolk Broads.
The current owner of 9 years wishes to retire, having taken over the business from the previous owner of 20+ years. Very loyal customer base with an excellent reputation.
High Street location with a large, free (for 30 minutes) car park almost opposite the shop.

The shop is easily run by one person and currently employs one additional part-time member of staff who works two days per week and covers the owner's holidays, etc.
The shop offers number plate printing and a windscreen wiper fitting service.

Comprehensive "click & collect" website and excellent social media interaction via Facebook, etc.

Very attractive annual rent. The lease is on a 3-year period, currently ending on 8/24.

Sold as seen, including stock, fixtures, and goodwill, subject to contract.
(Stock value is subject to VAT)

No Business Rates to pay as subject to Small Business Rate Relief.

Property Information

Property:

Leasehold

Lease Terms:

Currently held on a 3-year lease with reviews every 3 years. Current lease expires 8/24.
No Business Rates to pay as subject to Small Business Rate Relief with local authority (conditions apply).

Leasehold Rent:

£9,750 per annum

Location:

Picturesque market town on the River Waveney - the southern most point of the Norfolk Broads. High Street location close to large car park. Large Tesco store within town center and Morrisons, Lidl and B&M just on the outskirts.

Premises Details:

Grade 2 listed character building with exposed beams in the main front showroom. Much sought-after trading position with inviting double-fronted display window space. Two main showrooms leading to a further storage room and additional storage room / kitchen / toilet area.

Business Operation

Expansion Potential:

Plenty of scope to use the tremendous goodwill to expand the hours to Sunday opening.
Current extensive "click & collect" website could be further developed for e-commerce etc.
Possible expansion to provide "motor factor" activities ie. supplying local garages etc.

Competition / Market:

No direct competition.

Reasons for selling:

Retirement sale.

Trading hours:

9.00am to 5pm Monday to Friday
9.00am to 4pm Saturday

Employees:
Owner + 1 part time
Years established:
25+

Other Information

Support & training:

Present owner would be able to provide extensive assistance including book-keeping activities.

Furniture / Fixtures value:
£5,000 - included in the asking price
Inventory / Stock value:
£40,000 - included in the asking price