CONFIDENTIAL SALE: NICHE SECTOR RETAIL STORES - NORFOLK

Exceptional opportunity in the niche retail sector, operating two well-positioned stores in prime locations within Norfolk. This business boasts a long trading history and is renowned for its unique product lines, limited competition, and well-established importing routes. This listing is a confidential sale at the vendors request, thus a short online non-disclosure form will be required before we can discuss further details. Please get in touch with our office to arrange this.

BUSINESS:

The business specialises in niche retail, featuring an intriguing array of products that cater to a loyal customer base. Strong sales and profit levels reflect the efficient management and appeal of the stores. Managed by a dedicated team of 4 full-time and 6 part-time staff, the business offers scope for expansion, particularly through online sales channels. It is sold as a going concern, with stock payable upon completion at valuation, currently estimated at £125,000.

PREMISES:

The business operates from two leasehold retail stores:

• Store 1: Available on a new lease with rent payable at £45,000 per annum and rates of £4,459.81 per annum. The store has an Energy Performance Certificate (EPC) rating of 'B' (36).
• Store 2: Available through assignment or a new lease, with rent of £17,000 per annum and rates of £1,715.31 per annum. Its EPC rating is 'D' (79).

Both stores are strategically located in high-footfall areas, making them ideal for continued retail success.

KEY INFORMATION:

AGENTS NOTE: This is a business for sale as a going concern, not an empty premises for sale or let.

CONFIDENTIAL SALE: This listing is confidential at the vendor's request. In order to release further information on the business - including the business name, location and the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required. We have used our office postcode for this listing to protect the confidentiality of the business name and location, as online platforms require a valid postcode to market a business or premises.

REFERENCE NUMBER: MG36091E.

OPENING HOURS: Monday to Saturday, 9:00am to 5:30pm. Sunday 10:00am to 4:00pm.

TENURE: Leasehold. Both stores will be offered on a leasehold basis. Store 1 will be by way of a new lease on terms to be agreed, and Store 2 will be by way of an assignment of the existing lease or a new lease if appropriate.

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

RENT PAYABLE: Store 1: £45,000 per annum. Store 2: Currently £17,000 per annum.

RATES PAYABLE: Store 1: £4,459.81 per annum. Store 2: £1,715.31 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.

STAFF: 4 full-time and 6 part-time members of staff. Correct at the time of listing.

EPC: The Energy Performance Certificate shows a rating of 'B/36' for Store 1, and 'D/79' for Store 2, full document available on request.

PRICE: £245,000 PLUS STOCK AT VALUATION (ESTIMATED AT £125,000).

Comprising the leasehold interest, business goodwill, fixtures, fittings, and equipment. Stock to be purchased separately at valuation upon completion, estimated to be in the region of £125,000. Business offered for sale as a going concern and not as a vacant premises.

VIEWING: Viewing is strictly by appointment only. Please contact us at your earliest convenience to schedule a time that suits you.

FINANCE: If you require assistance with business financing or commercial mortgages (subject to eligibility), we may be able to help. Let us know if you would like our support, and we will gladly put you in touch with our recommended whole-of-market broker.

BUSINESS TO SELL: Thinking of selling your business? That's our specialty. If you're curious about its value, we offer a free, confidential valuation service. Simply pick the day and time that work best for you, and we will provide an honest, professional assessment. Feel free to get in touch with our office at your convenience to book an appointment.

PREMIER MARKETING: We are passionate about showcasing each business in a way that truly stands out. Our listings include high-quality property details and comprehensive information across all major online platforms, as well as our own website. If you want your business to shine, call us to arrange a complimentary valuation.

DISCLAIMER:

1. MONEY LAUNDERING REGULATIONS: Prospective buyers will be required to provide identification documentation and proof of funding during the purchasing process. Cooperation is appreciated to ensure the sale proceeds without unnecessary delays.

2. PARTICULARS: While we strive to ensure all information is accurate and reliable, it serves as a general guide only. Should any particular details be of special importance, please contact us so we can verify the information before you travel to view.

3. MEASUREMENTS: Provided room sizes are approximate and intended solely for general guidance. Prospective buyers are advised to independently verify all measurements to ensure accuracy.

4. SERVICES: Please note we have not tested the services or any of the equipment or appliances.