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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:
Undisclosed

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.

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