£0 £1000000
£0 £1000000

Well-Established and Busy Hardware Store in Gorleston-on-Sea, Norfolk For Sale

Great Yarmouth, Norfolk

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£34,995 +SAV

Ref: 2659

Leasehold

Overview

Hilton Smythe is delighted to welcome to the market this well-established and busy Hardware store in Gorleston-on-Sea, Norfolk. The business was established in the 1960s and has been in our clients’ careful ownership since 2001. Only now is the business being offered to the market due to our clients’ desire for a well-deserved retirement. The business operates 6 days per week and generates a turnover in the region of £106,000 per annum, with a gross profit of approximately 40%. Known locally as ‘Aladdin’s Cave’, our clients offer a wide range of goods including garden tools, plants, seeds, feeds and chemicals. Pet food, treats and medicines. Small electrical goods, decorating materials, houseware and building materials, tools and timber, to name a few. Our client is also a dry cleaning agent. The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth referrals. We feel the turnover could be increased by embarking on a modest marketing campaign to highlight the business and the services offered. A new owner could also launch a website to promote the goods offered. Our clients are open to offering a handover period to any new owner. This is an excellent opportunity for a new owner to take this already thriving and profitable business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Turnover
The business generates a turnover in the region of £106,000 per annum, with a gross profit of approximately 40%.

The business is owner run and managed.

The business is open: Monday – Friday: 9.00am – 5.00pmSaturday: 9.00am – 4.00pmSunday: Closed

Magdalen Hardware occupies substantial ground floor premises, ideally located within the town of Gorleston-on-Sea in Norfolk. The busy hardware shop is situated within a parade of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from free off-street parking facilities to the front of the premises. Gorleston-on-sea lies between Great Yarmouth and the neighbouring town of Lowestoft. The town has its own bay and riverside, with excellent sandy beaches. The area attracts many visitors and is one of the best destinations in the Great Yarmouth area. Attractions within the area include a pitch and putt golf course, amusement parks, restaurants, pubs and cafes. The area of the business is well served by the public transport system, with several bus stops within easy driving distance of the property. The nearest railway station is approximately 4 miles away in Great Yarmouth. The area is also well served by the A-roads, with the A12 being within easy driving distance, which links to the national A-road and motorway networks. Lowestoft is approximately 8 miles away and Norwich is 23 miles away.

Ground floor lock-up premises, briefly comprising: Double fronted with window display areas. Main sales and display area with: 3 x central display aisles.Perimeter racking and shelving.Serve over counter with digital scales and electronic cash register. Rear stock room with racking and shelving.Kitchenette.WC. Back strong room with dexion style racking to two walls.Rear door to secure yard. External: Layby parking to front.Rear secure yard.20’ storage container, Calor gas cage and bin area.Rear access gate for deliveries.2 x allocated parking spaces.

Tenure
We are advised Leasehold: Original lease length: 10 years (as of 2015)Review every: 3 yearsRent: £7,200 per annum

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