Hardware And DIY Store In Norwich Norfolk For Sale

Business description

Preferred Commercial is delighted to offer for sale this hardware, DIY and pet supplies business, which was established in 1990 and which has been in our client's hands since 1999. The business is only now being placed on the market due to our client's wish to retire. The business generates a turnover in the region of £146,000 per annum with a gross profit of 41%, derived from the sale of a range of hardware and DIY products, timber, pet and garden supplies, aggregates, greeting cards and gifts. Our client also offers made to measure fencing panels, which are made up in the workshop to the rear. The premises are well equipped and fitted to suit the trade and boast kitchen area, store room, office and cellar. A new owner could increase turnover by extending the range of products stocked. We feel this is an ideal opportunity to acquire a popular and thriving multi-faced business with scope for future growth. Early viewing, arranged with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 6 years
Remaining: 4 years
Review: every 2 years
Rent: £7,400 per annum

Leasehold rent:

£7,400 per annum

Location:

Earlham Supplies is ideally located in a parade of complementary shops and businesses in a densely populated residential area on the outskirts of Norwich in Norfolk. The business benefits from a high footfall and much passing traffic. There is ample off street car parking in the forecourt to the front. There is a bus stop directly opposite, offering easy access to Norwich city centre, which lies approximately 3 miles to the east. Norwich is a large historic city with a wide range of amenities and excellent transport links with a mainline railway station and Norwich International Airport.

Premises details:

Single storey purpose built retail premises, situated in a small parade in a popular residential area. Briefly comprising:

Ground Floor
• Main sales and display area fitted to suit trade with racking and shelving, retail counter with cash register, greeting card racks and gift display shelving, pet product display, household items displays, DIY and hardware displays
• Kitchenette with sink, refrigerator and shelving
• Ladies and gents WCs with wash basins
• Rear storeroom with racking and shelving
• Office with desk, seating and 3-camera CCTV monitor

Lower Ground Floor
• Dry cellar used for further storage

External
• Covered area to rear with workbench and storage for timber and panels
• Yard to rear and private parking

Vehicle
• Ford Transit tipper truck, used for deliveries of aggregates, available by separate negotiation

Other information

Trading hours:

TBA