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Convenience Store & Newsagents In Norwich, Norfolk (NR1) For Sale

Norwich, Norfolk, UK
Asking Price:
£89,950
Sales Revenue:
£364,000
Cash Flow:
Available on request

Prime City Centre Premises
Owners Parking to Rear
Aviva & Lots of Student Housing Close By
Great Location Next to Bus Station
Scope to Extend Hours
Alcohol Licence
Useful Upstairs
9 Years to Run on Lease
Good Weekly Turnover
Contact Us to Arrange Viewing

Particulars

EMF are pleased to be appointed to market this busy city centre convenience store and newsagents situated in a great location being the first or last facility when arriving or departing via the main bus station. In addition there are a number of local businesses and offices in the immediate area including the likes of the Aviva Head Office with approximately 5,000 employees together with many newly constructed student accommodation units within 300 yards housing around 1,000 people.

Long established and with many benefits including a good weekly turnover this is clearly going to attract much interest and we would expect it to be sold quickly. Please therefore contact us at your earliest opportunity should you require further information or to arrange a viewing.

The business itself

The business has been in place for many years with the current owner having taken over back in 2007. Because of this it is very well known and well utilised by the local community as well as those visitors coming into the city, especially by bus via the neighbouring bus station.

We are advised by the vendor that the weekly turnover is in the region of £7,000 and rising now people are returning to the city in significant numbers. There would appear to be scope to increase this further, particularly given the alcohol licence, as the shop closes of an evening at 6:30pm and does not open either on a Sunday.

The shop sells a traditional range of products with an emphasis on drinks, tobacco, Lotto and confectionery as well as a smaller selection of newspapers, magazines, greetings cards and convenience products. The store also offer a luggage storage service for commuters which earns the owners commission.

PREMISES

All measurements are approximate and for guidance only.

The shop sits behind a full height and width glazed facade providing an attractive entrance into the store which measures approximately 7.7m deep by 5.4m wide.

The sales area is comprehensively fitted out with side and centre aisle displays, news and magazine racks, dairy and soft drink display chiller, ice cream freezer, a triple fronted alcohol fridge together with a further tall upright alcohol fridge and 2 Monster Energy drinks fridges.

The customer service counter is to one side with two tills, Lotto terminal and cigarette cabinet and vape display behind with access provided here to the rear and upstairs areas.

The shop benefits from CCTV, alarm linked to the police, security grills to the front door, air-conditioning, vinyl flooring, suspended ceiling and inset lighting.

To the rear is a useful storage area and downstairs cloakroom together with an external rear door giving access to the owners parking space. Stairs then lead up where you will find a large landing area with doors off to the managers office, staff room, kitchenette and further toilet facilities.

Further information

Reference number

T35324E.

Opening hours

6:30am to 6:30pm Monday to Friday. Saturday 7:00am to 6:30pm. Closed Sunday.

Tenure

Leasehold - There are 9 years left to run on the existing 15 year lease.

Rent payable

£22,000 per annum plus VAT.

The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the new lease.

Rates payable

Currently £5,329 per annum.

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.

EPC

The Energy Performance Certificate shows a 'E' rating with a score of 107.

Price

£89,950.

For the benefit of the goodwill, fixtures, fittings & equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

Viewing

Strictly by appointment only, please call our Norwich Office to make an appointment.

Finance

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.

Premier marketing

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!

Unhappy?

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.

Property Information

Property:

Leasehold

Business Operation

Employees:
2

Contact Everett Masson & Furby

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