Popular Newsagents in Norfolk

Swaffham, Norfolk
REF: 02032

Asking Price:
£29,950
Annual Turnover:
£130,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: 02032
Photo of Popular Newsagents in Norfolk
Photo of Popular Newsagents in Norfolk
Photo of Popular Newsagents in Norfolk
Photo of Popular Newsagents in Norfolk

Overview

Tenure:
Leasehold
Established:
2014
  • Excellent Reputation
  • Recently Refurbished
  • Very Loyal Customer Base
  • Low Overheads

This is a superb opportunity to purchase a popular newsagent and convenience store in Swaffham, Norfolk.

The business has a great reputation within the local community and benefits from its ideal location in the heart of the town centre, which ensures a large amount of footfall throughout the day.
The business benefits from having a loyal customer base which has resulted in impressive financial figures, despite limited trading.

The business offers a potential buyer the perfect foundations for success plus several ways in which they can further improve the financial figures.

The business is set in a small, detached property in Swaffham. The building was previously a bus stop and despite being transformed into a small retail unit, many of the character features still remain. The business has been renovated to an extremely high standard and has an appealing shop front to entice passing customers.

On entrance to the store, there is an area used to showcase the business' stock. This area has a large refrigerator to hold certain items and a number of different holding units. Beyond this area, there is a large counter for staff to manage customer enquiries and transactions. Beyond this area and out of view to customers there is a small amount of storage for staff.

There is a large amount of street parking nearby and two large car parking facilities to accommodate the needs of their driving customers.

Intelligent Business Transfer are delighted to bring to the market this superb opportunity to purchase a popular convenience store in Swaffham, Norfolk.

The business has only been established since 2014 but has experienced financial growth on a monthly basis since then. The business has a great reputation in the local community due to their high levels of service, quality of stock and competitive prices. The business acts as a traditional convenience store and offers essential products and services to its large customer base.

The turnover for last year was in the region of £130,000, which consists of weekly takings of approximately £2,500.

Despite these impressive financial figures, there are several ways in which a potential buyer could improve these significantly. A potential buyer could extend the current opening hours by opening beyond 4.30pm and opening on Sundays, which would increase the sales revenue dramatically. A potential buyer could also sell alcohol, which has been voiced to the current owners on a number of occasions.

It is with a heavy heart that the current vendor is selling the business due to personal commitments. This business would be perfect for an entrepreneur looking for a busy store with impressive financial figures and huge potential.

Location

Property

Annual Rent
£6,420
Annual Rates
TBC
Lease Term (Years)
1 year remaining
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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