* Leasehold
The vendors have a passion for beach living and with the stores being located
in Cromer and Wells, it couldn't be better. They founded the business in 2012
and this strong, financially sound business comes to market for the first time
for personal/family reasons.
Selling a broad range of surf and paddle boards, wetsuits, swimwear and
accessories, they cover all the bases.
The business has long - standing and strong relationships with all the major
surf lifestyle brands such as Quiksilver, Roxy, Billabong, Rip Curl and
Hurley. Saltrock recently described Wet Dog as "an institution who have done
so much to help the industry" and "a legendary local surf shop". In November
2022 they were voted in the top seven independent retailers in Norfolk by the
readers of the Eastern Daily Press - a high accolade given that their peers
are other large independent retailers who are local household names.
As they say in their adverts - kick back and come and chat - this could be the
business for you!
**Location**
Located in two idyllic settings on the North Norfolk coast, namely Cromer and
Wells
**Tenure**
The shop at Wells has just commenced a new three year fr & I lease at £12, 000
per annum plus service charge and VAT. The Cromer shop is out of lease and a
new lease will be granted to the purchaser at around £14, 000 per annum plus
service charge
**The Premises**
Wells: Situated on the quay front in a prime position with over 18' frontage.
Immaculately presented with extensive fixtures and fittings, electric sliding
doors, underfloor and overdoor heaters, storage area, kitchen and WC and rear
access.
Cromer: Again, in a prime location by the church with high levels of passing
trade and commanding sea views from the rear of the premises. Approximately
500 sq. Ft. Retail shop with store room, WC and benefitting from air
conditioning and parking
**Staff & Trading Hours**
Each store is currently run by the vendors with the assistance of seasonal
staff during the high season. Both stores operate between 10 am to 5 pm during
the summer months and 10 am to 4 pm during the winter. The vendors close for
six weeks of the year, one week in November, five weeks in January/February,
plus several days during the quiet season. Open seven days a week in season
and six days September to March
**Turnover**
Turnover for the year ended March 2023 was comfortably in excess of £400, 000
gross. Further financial information can be provided to seriously interested
parties on or after a meeting with the vendor
**Business Rates**
Wells - rateable value of £9, 500 with business rates payable of £1, 375.
Cromer - rateable value of £10, 250 with business rates payable of £1, 244
**Summary**
Brilliant lifestyle business which would suit a wide variety of prospective
purchasers. Highly profitable, great potential, enviable locations, long
holidays - what more do you want?

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