Newsagents & Convenience Store | | Norwich Norfolk | | NEWSAGENTS & CONVENIENCE STORE - NORFOLK Appointed and presented to a high standard throughout £360,000 pa turnover with huge growth potential on retail | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 38928
ADVERT IMPRESSIONS : 11,036 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £65,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | NEWSAGENTS & CONVENIENCE STORE - NORFOLK
Appointed and presented to a high standard throughout
£360,000 pa turnover with huge growth potential on retail
Loyal local custom plus high numbers of passing trade
Main street location close to the city of Norwich
Early viewing highly recommended
LEASEHOLD
Location
This well established newsagents and convenience store is located on the main through road to the city centre of Norwich. Aylesham road is a popular, up and coming area of Norwich densely populated making it ideal for this popular news and convenience store.
The surrounding area is a popular and upmarket area renowned for its picturesque countryside and quality period properties. The business is ideally located at the heart of the suburb and enjoys a monopoly trade.
The location of the business ensures that it receives high levels of local plus passing trade. Norwich and the surrounding areas have strong road and rail links with mainline trains running from the centre and by road via the A47, A11 and A140 trunk roads.
Business History
Meridian Business sales are delighted to offer to the market this well established newsagents and convenience store which has been in the careful hands of our clients since 2000 and they only now wish to offer the business to the market due to their desire for semi-retirement. Since our clients took over the business they have fully renovated the trading area of the store to a quality that provides the new owners a true walk-in and trade business with tremendous growth potential and the possibility of renting the flat above to provide accommodation. Our clients inform us that the current turnover is £360,000 pa, this is derived from the sale of greetings cards and stationery items, convenience foods, soft drinks, cigarettes, plus frozen foods and Pay Zone. The business enjoys a strong reputation within the local community and as such has a high level of loyalty and repeat trade. Meridian Business Sales recommends early viewing on this business so as to fully appreciate the quality and growth potential for the new owners.
Financial Profile
Turnover: £360,000pa
Gross profit: 25%
Stock approximately: £12,000
Tenure
Leasehold
Original length: 10 years
Remaining: 10 years
Review: 5 years
Rent: £477pcm
Opening Hours
Monday: 6:00am - 6:00pm
Tuesday: 6:00am - 6:00pm
Wednesday: 6:00am - 6:00pm
Thursday: 6:00am - 6:00pm
Friday: 6:00am - 6:00pm
Saturday: 6:00am - 5:30pm
Sunday: 7:00am - 4:00pm
Accommodation
Well presented and maintained terraced property comprising of ground floor lockable retail and convenience unit under a pitched slate roof briefly comprising:-
GROUND FLOOR
Main entrance leading to an open plan retail area with display stands for greetings cards plus shelving to the walls, sales desk with electronic cash register, central gondola with display facility, dairy fridge for milk, sandwiches and soft drinks, display racks for newspapers and magazines, tiled flooring throughout, halogen lighting, staff toilet with hand basin and small storage area.
EXTERNAL
Three off parking spaces to the front of the building.
| | | | | | FOR SALE | | | | | REFERENCE: | 2164 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
