* Leasehold
* Popular & Well Regarded Store
* Rapidly Expanding Large Village
* Key Cutting/Paint Mixing/Calor Stockist
* Strong Financial Performance
* Further Growth Areas to Capitalise On
* Excellent Location
* Large Site - 2 Buildings + Yard + Parking
* Small Plant Hire
* Extensive Product Range
* Contact Us for Further Details & Viewings
**Particulars**
We are delighted to be appointed to bring to the market this excellent
opportunity to acquire a highly regarded diy and Homeware store set on a large
site in a rapidly expanding large village on the outskirts of Norwich.
The business occupies a prominent position in the centre of the village and is
very much part of the local community sponsoring events and groups. In return
the business is well supported by the loyal customer base who appreciate the
extensive range of products and services that are readily available saving
them the need to travel into the city.
With an impressive financial performance but still with areas to further grow
and develop the business this would be of appeal to a new owner operator with
retail experience or to an existing store looking to acquire a further branch.
**The business itself**
The store was established by the current owners in 2015 and is now only coming
to the market due to the vendors pending retirement. They do however very much
wish to see the business continue to grow and flourish and to continue to
serve the needs of the local population.
The business offers many product lines and services including key cutting and
paint mixing as well as being a Hobby Weld agent and Calor gas stockist. The
main building stocks various homeware items much akin to a national diy
retailer but on a smaller size. The second building operates as a builders
merchant serving both trade and public customers as well as providing a small
plant hire service. Due to the size of the site and yard they are also able to
offer a range of garden products and other external building materials and
items.
They are currently part of the ‘Homehardware’ buying group which helps
maximise margins on stock purchases as well as providing regular marketing
materials and brochures. A new owner would not need to continue with this if
they so wished however the owners have found this to have been of a benefit to
the business.
**Premises**
_all measurements are approximate and for guidance only. _
The site from which the business operates is a particular attractive benefit
of what is on offer here and one which could possibly provide opportunity to
expand what is provided if so required.
There is a wide frontage to the main road with a number of car parking spaces
for customers and staff making the business very visible and easy to access.
There are a two separate buildings side by side with a central driveway
through to the large rear yard enabling stock deliveries to be easily
unloaded.
The main building measures approximately 17m x 11m and is predominantly set
out for retail space but also provides for a managers office and staff
room/kitchen. Entered through double doors there are various display fittings
and shelving together with a customer service counter with epos till point.
Accessed to the rear via a wide metal external staircase there is a very
useful and sizeable first floor storage area. The second building is around
10m x 7. 5m and is open plan but fitted out with a range of display racks and
shelving and service counter.
Externally to the front, in addition to the parking, is a small garden centre
area as well as an area set aside for the plant hire. The rear yard is of a
good size and provides plenty of room for storage and sales. There is a range
of racking for timber and other materials as well as a large Nissen Hut for
further storage. The buildings and site are alarmed and benefit from CCTV.
**Further information**
**reference number**
D35321E.
**Opening hours**
8: 00am to 5: 30pm Monday to Saturday. Closed Sunday.
**Tenure**
Leasehold. We understand that there will be a new 5 year lease from June 2022.
**Rent payable**
£20, 000 per annum with fixed increases in year 2 to £21, 250 and £22, 500 in
year 3 with a formal rent review at the end of year 3.
The purchaser will be responsible for the landlords costs and fees in
connection with the assignment of or for the grant of a new lease.
**Rates payable**
Currently the business benefits from Small Business Rated Relief and so no
Rates are at present payable.
This information has been provided to us by the vendor and any interested
party is advised to enquire of the local authority to check the position with
regards to business rates that will apply to a new owner.
**EPC**
The Energy Performance Certificates for both buildings each show a ‘D’ Rating.
**Price**
£225, 000.
For the benefit of the goodwill, fixtures, fittings & equipment as stated and
for the assignment of the lease. Stock is payable in addition on completion at
valuation currently estimated to be c. £130k. This is a business for sale as a
going concern.
**Viewing**
Strictly by appointment only, please call our Norwich Office on to make an
appointment.
**Finance**
Finance may be available to suitable purchasers.
**Business to sell?**
Let us know as soon as possible! Just ask for a free no obligation valuation
and one of our valuers will carry out a detailed marketing appraisal of your
business at a time of your choice.
**Premier marketing**
We take care to present our businesses to a standard like no other. Offering
quality property particulars as well as detailed information on all of the
online portals and our own website, make your business stand out from the
crowd - call us today!
**Unhappy?**
Do you feel you are receiving the level of service promised by your agents? If
not, we would be happy to carry out a free no obligation marketing appraisal
of your business.
**1\. Money laundering regulations: ** Intending purchasers will be asked to
produce identification documentation at a later stage and we would ask for
your co - operation in order that there will be no delay in agreeing the sale.
**2\. General: ** While we endeavour to make our sales particulars fair,
accurate and reliable, they are only a general guide to the property and,
accordingly, if there is any point which is of particular importance to you,
please contact the office and we will be pleased to check the position for
you, especially if you are contemplating travelling some distance to view the
property.
**3\. Measurements: ** These approximate room sizes are only intended as
general guidance. You must verify the dimensions carefully before ordering
carpets or any built - in furniture.
**4\. Services: ** Please note we have not tested the services or any of the
equipment or appliances in this property, accordingly we strongly advise
prospective buyers to commission their own survey or service reports before
finalising their offer to purchase.

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