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Very Long Established
Strong & Consistent Trading Figures
£7k p.w Gross, £300k p.a Net
Lots of Free Customer Parking
Excellent 1st Business
Well Regarded by Local Community
Includes 2 Bed Flat and Garage
Call for Further Details and to View
We are pleased to present this great opportunity to acquire this well established newsagents and convenience store with the added benefit of having a 2 bed flat above, garage and parking.
A solid financial history to fully support the realistic purchase price means that this is unlikely to stay available on the market for long so please do contact us as soon as possible if this is of interest to you.
THE BUSINESS ITSELF
The business has been successfully operated by the vendors for the past 30 years and has enjoyed consistent and strong trading figures throughout. This though is no surprise given how well regarded and supported it is by the local community.
Recent years show a steady turnover in the region of £7k p.w gross and £300k p.a net with the good levels of profit one would expect with this type of business. Whilst it would of course have appeal to an established operator it would in our opinion make an ideal first business for someone due to its size, low overheads and being well established.
Whilst previously a traditional newsagents the business has successfully added a large range of greeting cards and does very good levels of trade in this line. They have also added a small range of convenience products which could be expanded upon should a new owner so wish.
ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.
The business operates from the ground floor of the 2 storey end terrace property which forms part of a small parade of similar properties and businesses. To the front is an open space of free public parking and grassed areas giving a pleasant outlook and ease of access for customers.
The business sits behind a full width glazed frontage providing good natural light inside. Internally the shop is well laid out with a central double sided display unit with an excellent selection of greeting cards to one side and convenience items to the other. One side wall is fitted out for magazines, papers and stationary whilst the other has an extensive selection of crisps and chocolates. There is an ice cream freezer to the front and a chilled refrigerated unit to the rear for drinks and fresh food. The service counter is situated to the front with tobacco sales behind and providing space for the main Lotto terminal and till.
The main retail room measures approximately 8.2m deep by 5.1m wide with a tiled floor and suspended ceiling and strip lighting above. To the rear is a small but useful store room fitted out with shelving and giving access to the toilet as well. There is then a door to the external enclosed yard area which is a great additional feature to assist with incoming deliveries. There is a further door to the rear private car parking area which gives access for deliveries and to the included garage and parking space.
ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.
The business comes with the benefit of a 2 bed flat included situated directly above but with independent access. It is currently rented out as the vendors do not require it for their own personal use however a new owner may make use of it for themselves should they so wish. The rent currently being achieved is £550 p.m however we feel there is likely to be scope to increase this slightly.
The lease also includes a garage to the rear which again has been let previously at £10 p.w but has recently been vacated and will now remain as such pending the sale of the business. Call us now to arrange a viewing!
6:00am to 6:00pm Mon, Tues, Thurs & Fri. 7:30am to 6:00pm Weds & Sat. 6:00am to 1:00pm Sunday.
Leasehold. The existing lease has now expired however we understand that a new 5 year lease inside the Landlords & Tenants Act 1954 will be offered to suitable purchasers.
£13,000 per annum.
Purchaser will be responsible for the landlords costs and fees in connection with the assignment of/or grant of new lease.
Nil - The business currently enjoys Small Business Rates Relief.
This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.
The Energy Performance Certificate shows a 'D' rating and score of 82.
For the benefit of the goodwill, fixtures, fittings & equipment. Stock is payable in addition on completion at valuation. This is a business for sale as a going concern.
Strictly by appointment only, please call our Norwich Office on (01603) --- --- to make an appointment.
Finance may be available to suitable purchasers.
BUSINESS TO SELL?
Let us know as soon as possible! Just ask for a FREE NO OBLIGATION VALUATION and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.
We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on all of the online portals and our own website, make your business stand out from the crowd - call us today!
Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a FREE no obligation marketing appraisal of your business.
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
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