Ryan's Bargains, 10 Bridge Street, Downham Market, Norfolk, PE38 9DH

A rare opportunity to acquire this well-established store which is ideally positioned on the main High Street through Downham Market.

The business has become heavily relied upon by residents and enjoys further uplift of trade during the summer months.

In addition to the store, this opportunity also includes a 3-bedroom self-contained flat above the store with further outside storage areas to the rear.

There is potential to increase trade via the means of longer opening hours, supplying and branding with a recognised supplier, and selling off-licence goods.

Situated on the bustling Bridge Street in Downham Market, this independently branded store enjoys a prime location within the heart of the town. Known for its historic charm and vibrant community, Downham Market attracts both locals and visitors, ensuring steady foot traffic throughout the year
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This generously sized store includes a 3-bedroom apartment above, offering convenient living space alongside the business premises. The property benefits from high visibility and accessibility, with major routes such as the A10 and A1122 nearby, connecting it to surrounding towns and cities

The convenience store has a mainly open plan sales area of approximately 1,668 sq./ft (155sq/m) with chiller aisles lining the perimeter of the store.

The shop is fitted and equipped for the sale of convenience goods, chilled and frozen products, a full off licence, confectionary, cigarettes, newspapers, magazines, stationary, local products and pharmacy and medical products.
The main sales till is located at the front of the store with additional storage space to the rear.

There is also a communal staff area, office space and W/C occupying the ancillary areas.

We are advised by our clients that the fixtures and fittings are wholly owned and will be included within the sale.

There is additional access, parking and outside storage areas to the rear of the property.

There is a spacious 3-bedroom apartment included within the lease. This well presented flat has an open plan lounge, kitchen, diner and separate bedrooms and bathroom. Also, there is further space to the rear for parking and storage.

This profitable business has been privately owned and operated by our vendors for over 4-years and are looking to sell to explore other business opportunities.

This popular convenience store derives its sales from traditional c-store good such as tobacco, alcohol, news and magazines, fresh, chilled and frozen foods, grocery products, bread and bakery, confectionary, snacks and soft drinks. Additional services include Lottery, scratch cards.

The business is run with the assistance of part time and full-time members of staff.

The Transfer of Undertakings Protection of Employment (TUPE) regulations shall apply to all employees, requiring purchasers to offer continuity of employment to all staff.

Accounts for period ending 31/12/2024 show sales of £400,432 and a gross profit of £138,210.

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

Store opening hours:

Monday-Saturday 6am-6pm

Sunday- 7am-4pm

This will be the granting of a new lease. The landlord has suggested they will be agreeable to a new 10-year lease (subject to approval) with an annual passing rent in the region of £25,000.

The VOA web portal states that the Rateable Value (1st April 2023 to present) is £22,000.