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Convenience Store And Indian Takeaway In Marham Norfolk

Marham Norfolk
Convenience store RAF Marham, Norfolk T/O: £450,000 GP: 30% Huge scope Indian restaurant Loyal customer base 2-bedroom bungalow
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 72373
ADVERT IMPRESSIONS : 6,539 TIME(S)

 
BUSINESS SECTOR: Retail
TRADE TYPE: Convenience Stores
SALE: Agent Sale

FREEHOLD:

£340,000

LEASEHOLD:

£140000
 

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BUSINESS DETAILS:

Location
Marham Costcutter occupies substantial single-storey premises, ideally located on the edge of RAF Marham, close to Marham village, Norfolk. The business benefits from ample private parking and is surrounded by a densely populated residential area, from which it draws much trade. There are a number of amenities close by, including 2 schools, a Post Office, cinema and bowling alley. Downham Market is just a short distance away and possesses further amenities, shops and businesses. The premises boast easy access to the A-road network, including the A10 and A47. Thetford Forest Park is a short drive away and is home to miles of picturesque countryside. King's Lynn lies 12 miles away, while Norwich lies approximately 35 miles to the east.

Business History
Preferred Commercial is delighted to offer for sale this busy convenience store and Indian takeaway, which was established in 1975 and which has been in our client's careful hands since in 2005. The store is only now being offered to the market due to our client's other business interests. The business trades 7 days a week and generates a turnover in the region of £450,000 per annum with a gross profit of 30%. Marham Costcutter offers an extensive range of products, including general CTN lines, convenience lines and an off licence. The store also offers traditional Indian food to takeaway from premises located next door. We feel the turnover could be further increased by applying for the Lottery and offering paper deliveries. The business has a loyal customer base and an excellent reputation enjoying much repeat trade. The premises are well-equipped to suit the trade with a spacious retail area and a separate takeaway area. There is also a self-contained 2-bedroom bungalow with lounge, kitchen and bathroom. We feel this represents an ideal opportunity to acquire an already busy convenience store and Indian takeaway in such a desirable location and with 2-bedroom owners' accommodation. Early negotiations with Preferred Commercial must come highly recommended.

Financial Details
T/O: £450,000 approx.
GP: 30%

Opening Hours
Mon - Sat: 7:00am to 10:00pm
Sun: 8:00am to 10:00pm

Accommodation Details
Substantial single-storey retail premises with attached takeaway and 2-bedroom bungalow. Briefly comprising:

Shop
• Retail area with 3 x central display aisles, 3 x section open chiller, 2 x double door drinks chiller, 2 x chest freezers, 3-tier ice cream freezer, magazine and newspaper rack, tobacco gantry, shop counter, electronic cash register, scales and CCTV system

Takeaway
• Serving area with counter, double door drinks chiller and sofas
• Commercial kitchen with 8-burner hob and oven, 2 x stainless steel sinks, hot plate, microwave oven and stainless steel work surfaces
• Stockroom

Bungalow
• 2 x double bedrooms
• Lounge
• Kitchen
• Bathroom

External
• Private parking to front

Tenure
Advised freehold
Leasehold option available £140,000 + SAV
   
  FOR SALE
   

REFERENCE:

2926 / RightBiz
   
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