Business for Sale in Holt, North Norfolk Coast House & Garden Shop

Leasehold Price £49,950

Key Information

Reference
HA35732E
Tenure
Leasehold
Status
For Sale
Region
Norfolk
Sector
Homeware Stores
Rent Payable
£12,500 per annum.
Business Rates
Nil. We are advised that the business benefits from Small Business Rate Relief.
Accommodation
No
  • Prime Location in Centre of Holt
  • Established for Over 20 Years
  • Local & Tourist Trade
  • Low Overheads
  • Easily Adapted to Suit Own Vision
  • Affluent North Norfolk Coast
  • Many Returning Customers
  • Very Well-Presented
  • Favourable Lease Terms
  • Viewing Highly Recommended

Business Information

EMF are pleased to present to the market the delightful ‘House and Garden Shop’, situated in a prime location in the centre of the highly sought after town of Holt in Norfolk Norfolk. Having been established for over 20 years it is no surprise that the business is so well regarded, with many returning customers from near and afar. Being popular with both locals and tourists, an all year round trade is enjoyed and so it is not just dependent on the summer season.

This is an ideal opportunity to acquire a solid, long standing business in one of the best locations in the region with the scope to easily put your own mark on it depending on the vision that you have.

THE BUSINESS

Established many years ago now the business has become a mainstay of Holt’s busy high street and market place. Providing items such as pots, glasses, candles, ornaments and larger furniture pieces as well as artwork and antique items there is something for everyone in here, whether for a gift or to adorn one’s own house or garden.

The current owner has put their own take on the items stocked, moving with the current trends in unique home and garden wares as well as offering vintage and antique pieces to the discerning buyer. Providing individual pieces and items that can not be found in the mainstream high street shops customers come to see and feel the goods rather than buying alternatives online.

With a turnover of c.£135k per annum the business boasts a strong net profit margin whilst offering scope for someone new to add their own ideas to develop things further. The vendors will of course be prepared to provide a full handover of existing suppliers and contacts as well as details of trade shows where they purchase from to the new owners. There would though also be a clear benefit to someone who produces their own range of gifts or such like to display and sell to what one could say is a captive and motivated audience.

PREMISES

Ideally positioned in the centre of the high street and opposite well known brands such as Joules the shop enjoys a significant amount of footfall on a daily basis. This is a beautifully presented traditional style property benefiting from a full height glazed front which the vendor has recently had covered with a film tint which provides sun protection and strength to the window. The shop has been overhauled during the last couple of years and is now presented in excellent order throughout.

Set over two floors, at ground level you will find the shop showroom with original timber flooring and wall panelling with a range of shelving, cabinets and furniture displaying the many pieces that the shop has to offer. To the rear of the shop there is a staircase leading to the lower ground floor level and an area for the counter and till.

Moving downstairs you will notice that the space has been cleverly utilised as well as being decorated and finished to a similarly high standard as the rest of the property including new carpeting and low energy lighting. On this floor you will find a further showroom with a range of items for sale as well as a staff/stock room with w.c. The hallway has also been used well to provide a further goods display area.

This type of business with it’s character and charm is a perfect fit for this type of business and so if this is of interest to you then we would suggest arranging a viewing at your earliest convenience.

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ADDITIONAL INFORMATION

AGENTS NOTE: This is a business for sale as a going concern, not an empty premises for sale or let.

CONFIDENTIAL INFORMATION: In order to release further information on the business – such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.

REFERENCE NUMBER: HA35732E.

OPENING HOURS: 10:30am to 5:00pm Monday to Saturday.

TENURE: Leasehold. We understand that this a renewable lease with a term of 5 years from 14/06/2019.

The purchaser will be responsible for the landlords costs and fees in connection with the assignment of/or the grant of a new lease.

RENT PAYABLE: £12,500 per annum.

RATES PAYABLE: Nil. We are advised that the business benefits from Small Business Rate Relief.

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.

STAFF: None. Owner operator.

EPC: The Energy Performance Certificate shows a rating of ‘D/100’. Full Energy Performance Certificate available on request.

PRICE: £49,950 + STOCK AT VALUATION.

For the benefit of the leasehold/freehold, goodwill of the business, fixtures, fittings and equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

VIEWING: Strictly by appointment only, please get in touch to make an appointment.

FINANCE: We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.

BUSINESS TO SELL: Thinking of selling your business? That's our business!

If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.

PREMIER MARKETING: We are passionate about showcasing our businesses in a way that sets us apart from others. We provide quality property details and comprehensive information on all online platforms and our own website. If you want your business to stand out from the crowd, call us to book a free valuation.

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DISCLAIMER

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, flooring 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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East Anglia

Your Regional Director Chris Ruggles

EM&F East Anglia

116 - 118 Prince of Wales Road
Norwich
Norfolk
NR1 1NS