Convenience Store for sale

Spar Store, 2 High Street, Mundesley, Norwich, Norfolk, England, NR11 8AE

£550,000

Property Description

Commercial information

  • Business for sale

Key features

  • Total sales Y/E 31/03/2016: 384,349
  • Gross profit Y/E 31/03/2016: 97,062
  • Established & well represented store
  • 2 separate first floor flats
  • Central village coastal location
  • The business has further potential. Energy Rating C

Full description

Tenure: Freehold

Description

A detached, two storey building constructed of brick elevations under various pitched tiled roofs.

The convenience store is located on the ground floor and the two flats are located on the first floor.

Location

Located within the centre of Mundesley on the popular north Norfolk coast with a population of approximately 2,500.

The village is a popular holiday and tourist destination and is supported by a medical centre, hotels, libraries, shops, amusements, public houses, bed & breakfasts and a Post Office.

Mundesley is approximately seven miles from both Cromer and North Walsham and 20 miles north of Norwich and can be reached via the A140 and A149 roads. London is approximately 140 miles to the south.

Internal Details

The business has an advised floor area of approximately 800 sq ft and is fitted and equipped for the sale of chilled and frozen products, newspapers, magazines, confectionery, cigarettes, off licence, soft drinks, ice creams, fresh fruit and vegetables, stationery, dvd's, gifts, greetings cards, hardware and pharmacy products. The business also benefits from being a National Lottery and PayPoint Agent and has a cash point machine.

To the rear there is a stockroom, office and staff WC.

The business has full CCTV and alarm systems.

Fixtures & Fittings

We are advised by our client that all of the trade fixtures and fittings are owned outright.

External Details

The convenience store occupies a prominent, main road, corner position within the centre of the village, close to the beach. There is both off and on road parking for several cars.

Owner's Accommodation

The owner's accommodation is located on the first floor and comprises of two flats:

• The first flat has three bedrooms, kitchen, dining room, lounge and bathroom/WC.

• The second flat has one bedroom, kitchen, lounge and bathroom/WC.

Both are self-contained and have separate access.

The Opportunity

A family owned business, which has been in the current ownership since 2005.

Our client has maintained a steady rate of sales however, the business would benefit from extended opening hours and product range.

Staff

The business is run by one part time owner with the assistance of three part time members of staff.

Trading Information

Total sales for the year ended 31 March 2016 were £384,349, resulting in a gross profit of £97,062.

Further and more detailed trading information will be made available to interested parties following a formal viewing of the business.

Trading Hours

Monday to Sunday 7am to 9pm.

Business Rates

The current Rateable Value is £12,250.

Regulatory

Premises licence.


Nearest stations

  • Gunton (3.7 mi)
  • North Walsham (4.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Ipswich

Hyde Park House Crown Street, Ipswich, IP1 3LG

01472 565052 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 stations

  • Gunton (3.7 mi)
  • North Walsham (4.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Ipswich

Hyde Park House Crown Street, Ipswich, IP1 3LG

01472 565052 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.

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