Freehold/leasehold Hardware Pets and Garden Shop, Norfolk For Sale

Business description

SBS Commercial is pleased to offer for sale this business which our client is placing on the market in order to retire.

This thriving hardware, pets and garden centre was originally founded in 1988 and has been run successfully by the vendor since taking over the business in 1998.

They stock a wide range of pet food, both pre-packaged and loose which is weighed and bagged on site, together with hardware products, plants and other gardening requirements. Bottled gas is also available as well as landscaping materials such as paving slabs, sand etc, together with a key cutting service.

Day to day management of the shop is carried out by the vendor but only on a part time basis (2 days/week), with the assistance of two full time workers.

The business benefits from a loyal customer base as well as attracting passing trade, situated as they are on one of the main commuter routes into the City.

We believe that the business is ideally suited to a husband and wife team and is being offered on a freehold or leasehold basis.

Freehold: £275,000 + SAV Leasehold: £90,000 + SAV

Property information

Property:

Freehold

Lease terms:

TENURE: Freehold or Leasehold.
Leasehold option at a purchase price of £90,000 + SAV
ORIGINAL LENGTH: 16 years.
REVIEW: Every 4 years.
RENT: £15,000 per annum.
BUSINESS RATES: £5,020per annum.

Living accommodation:

PROPERTY DETAILS Single storey retail outlet on large freehold site. Main sales area complete with: • Point of sales counter. • 2 x electronic scales one with printer. • Mechanical scales. • Electronic scales. • Full range of bins and product display stands. • Key cutting machine. Door to: • Internal storage areas. • Office. • Staff toilets. External • Parking for 8 vehicles. • Product display area to front adjacent to main road. • 7 x Storage sheds to rear. • Gas storage area to rear.

Location:

The business lies in the heart of a densely populated residential area just on the north side of the bustling city of Norwich and benefits from a wealth of local and passing trade.

Other information

Support & training:

As required from the vendor

Reasons for selling:

Retirement

Trading hours:

Mon – Sat:9.00am – 5.30pm Sun:Closed, apart from mid April to mid June for bedding plants 10.00 – 12.30.

Financing available:

Via the selling agents subject to status