Popular Minimarket in Norfolk

Great Yarmouth, Norfolk
Leasehold Price:
£65,000
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Status
FOR SALE
Advert ID
206372
Reference
05572 / RightBiz

Details

    All fixtures and fittings included

    Residential Area & Beach close by

    Two Bedroom Apartment included above.

    Grocery Section

    Near Primary and Secondary Schools = High Footfall

Intelligent Business Transfer are pleased to bring to the market this traditional convenience store, which offers an excellent base for a new buyer.Although there is a solid base established here, there are ways in which the profits could be expanded. For example, increasing the amount of grocery stocked as well as the range would appeal to a larger proportion of the public. A potential buyer could also introduce a Pay Point as this would entice more customers. Despite already having a delivery element there are ways in which a new owner could develop the home deliveries further: expanding the mileage, would therefore reach more people.There is also the opportunity to renovate aspects of the store. At the rear of the shop there is a storage area which could be converted into more space, expanding the sales floors. The two bedroom flat included in the purchase could be rented out to generate at least a minimum of £400 per month.Intelligent Business Transfer are searching for a suitable buyer. The current owner is willing to stay on for a transitional period, if needed, to help familiarise the new buyer with how the business operates.
Listing Details
Leasehold Price: £65,000
Tenure: Freehold
Tenure: Leasehold
Tenure: Other
Sector: Convenience Stores, Newsagents
Financials
Annual Turnover: £320,547
Annual Net Profit: £33,604
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