Lowestoft General Store New Price For Sale

Business description

Norfolk Business Sales is pleased to offer for sale this business which our client is placing on the market in order to enjoy a well-earned retirement.
The business was founded in 1986 by the vendors, initially as a franchise and then as an independent trader in 1990. It specialises in the sale of general food and confectionery products the majority of which are sold loose, hence the weigh and save concept.
Because of its prominent location we believe there is ample scope for expansion and diversification into other more seasonal product lines.
The vendor and his wife manage the business with the assistance of two part-time members of staff.
Additional income is generated from a small kiosk selling tobacco related products that is linked to the premises and sub-let.
We believe that the business would appeal to anyone seeking to build on the potential of the existing business and its location or a corporate client seeking premises within the town.
N.B. The Vendor wishes to retire soon and is prepared to consider any serious offer.

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold.
ORIGINAL LENGTH: 25 years.
REMAINING: 8 years.
REVIEW: Every 5 years.
RENT: £22,500 per annum

Living accommodation:

PROPERTY DETAILS Listed building with A3 consent. Ground floor Main sale area of approximately 1400 square feet including: - Central sales counter with 2 till/scales. - Wall mounted display shelving. - Product dispensing tubs. - 2 upright drinks chillers. - 4 sets of self weigh scales. - Double sink unit for customer use. Door to Office complete with: - 2 Desks and chairs. - Filing cabinet. - Shelving. - Phone etc. Other areas: - Store room with off-floor racking. - Kiosk, currently sub-let. External: To the front: - Large glass frontage on 2 sides. - Main entrance leading to pedestrian area. To the rear: - Rear doors to entrance hall-way with delivery access from side street. - Toilets.

Location:

The business is located in a listed building with A3 consent at the end of the main pedestrian shopping thoroughfare of the popular east-coast resort of Lowestoft.
The pedestrian area to the front of the building has recently undergone a major facelift under the local council “Sunrise Scheme” with further grants now available for the refurbishment of the building itself.

Business Operation

Expansion potential:

Diversification into seasonal products

Reasons for selling:

Retirement

Trading hours:

Mon – Sat: 9.00am – 5.30pm

Employees:

Vendor/wife + 2 part-time

Years established:

18 Years

Other information

Support & training:

As required