Asking price: £28,500

Sales revenue: £300,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Long established CTN, turnover approximately £300,000 pa, prominent position, ideal starter business. VIEWING ESSENTIAL.

Property: Leasehold

Location
This business is located in the Norfolk holiday resort of Great Yarmouth. It is located in the Town Centre in a small parade of shops. Great Yarmouth is located approximately 20 miles east of the city of Norwich. The town is currently undergoing an extensive regeneration programme including residential and commercial developments. In addition it is anticipated that the town will have an Outer harbour Ferry Port operational by the end of 2008. We are informed that this will bring approximately 10,000 new jobs to the area over the next 3 years. The ferry will convey passenger car and freight to the Netherlands. It is our opinion that location
offers an outstanding business opportunity.
BUSINESS PREMISES

The business premises consists of a lockup shop unit with a retail area of 7.67m x 3.18m. There is a range of wall mounted shelving surrounding the unit and to the rear of the unit there is a customer counter with a wall mounted cigarette stand. There are three drinks chillers and one ice-cream freezer. Potential purchasers should note that two drinks chillers are on loan from the drinks manufacture as with the ice-cream freezer. To the rear of the premises there is a small store room with kitchen and toilet facilities. Please note there is no rear access.
BUSINESS

The business trades as a traditional CTN with a range of stock that includes bread, milk, cigarettes, newspapers, magazines, light snacks, confectionery, etc. The turnover is approximately £300,000pa with scope for this to be increased to approximately £400,000. This business is ideally suited for working owners in order to maximise profits. It is our opinion that this business has good scope for development given the plans for the local area. VIEWING IS HIGHLY RECOMMENDED.

HOURS
Monday - Saturday 7am-5.30pm Sunday 9am-2pm.
STAFF

The business is currently operated by working owners.

RENT

We are informed that the current rent is £9,000 pa.

RATES

We are informed that the rates are approximately £1,700 pa, however potential purchasers should contact the local authority in order to establish the current rateable value and chargers.

LEASE

We are informed that the current lease has 7 years remaining from 2007. We are also informed that rent reviews are each 3 years and the last review was 2006.