Shop for sale

Norwich, Wells & Lenwade, NR9

£229,500

Property Description

Commercial information

  • Business for sale

Key features

  • Trading Since the Mid-90's
  • Well Established Business
  • Substantial Room For Growth
  • Shipping & Delivery Relationships in Place
  • Vendor Willing to Stay to Ensure Smooth Handover if Required
  • Three Stores in Total
  • Business Ripe For Taking Online
  • Quality Products
  • Each Store Staffed
  • Must Be Viewed

Full description

Tenure: Leasehold

This unique, individual multi outlet business will appeal to those with one eye to the East! Established and trading since the mid nineties, this enterprise is well established and ready to be taken on to the next level with a new distribution centre and a rapidly expanding web/eBay presence.

Stock is sourced directly from India, Indonesia and Thailand, mainly from small local artisans to ensure individuality and authenticity.

The vendor uses two local agents with whom he has a long established relationship which he will hand over. They co-ordinate shipment, despatching the containers direct to Lenwade for unpacking and distribution.

The stores retail a wide range of products including but not exclusively garden furniture, soft furnishings, home wear, gift wear, necklaces bracelets and trinkets.

The vendor will stay to ensure a smooth handover if required. The managers have been trained to do the buying and have travelled overseas to meet the agents and suppliers.


THE BUSINESS ITSELF

This is a highly profitable concern that enjoyed a significant turnover the year ended March 2016 with the very high G.P. you would expect from this type of business. The Norwich and Wells shops are well established as the business was founded in 1996 and has traded ever since.

Lenwade was purchased in 2015 and has been trading since the beginning of the year and will grow to become a major contributor to the profitability of the concern. It containing an area for photography for the web as well as retail and storage for the group.

The internet now accounts for an ever increasing percentage of turnover and from these embryonic foundations it is evident that this area will add significantly to the long term growth.

Each store has their own members of staff, with Norwich having a full time manager, two full time and two part time members, Wells has a full time manager and variable part time members dependant upon season and Lenwade has a floating full time manager, one full time and one part time member.


ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY
NORWICH - Ideally located close to the entrance to Castle Mall, this double fronted shop has c 650sq ft of retail space on the ground floor with an office, w.c and store above. It is protected by a roller shutter onto the street. This trading position is considered most valuable as it is so close to the Mall in a pedestrianised area which has continuous footfall day and night seven days a week.

On the top floor is a one bed flat with a kitchen, lounge and bedroom. There is considerable scope for improvement which could significantly increase the rental return.

WELLS - In one of the premier positions opposite the quay and close by the car parks, again this is a sought after retail location. Extending to some c 700sq ft of retail, this store has much to offer and again benefits from significant year round footfall day and night.

LENWADE - Extending to over 12,000 sq ft of retail and storage and located on the busy Norwich - Fakenham Road this is the hub of the whole business. Spread over two floors, with ample parking, storage bays and large road frontage this is well located.

All three stores are well presented, fully stocked and inviting to the passing customers and have linked EPOS till and stock systems.


INFORMATION

Our Reference
MI32938E.

Tenure
Leasehold.

Viewing
Strictly by appointment only, please call our Norwich Office on (01603) 28 08 73 to make an appointment.

Finance
Finance available to suitable purchasers

Business to Sell or Let?
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 Rightmove.co.uk, other 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.


Nearest station

  • Norwich (9.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F East Anglia, Norwich

116 - 118 Prince of Wales Road Norwich NR1 1LB

01603 950250 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Norwich (9.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F East Anglia, Norwich

116 - 118 Prince of Wales Road Norwich NR1 1LB

01603 950250 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference MI32938E. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by EM&F East Anglia, Norwich. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.