Business for Sale in Norfolk ELECTRONIC DEVICE REPAIRS & SALES – NORWICH CITY CENTRE (NR2)

Leasehold Price £22,000

Key Information

Reference
M35443E
Tenure
Leasehold
Status
For Sale
Region
Norfolk
Sector
Electrical Repairs/electricians
Rent Payable
£10,000 per annum. The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the existing lease or the grant of a new lease.
Business Rates
Nil - We are advised that the property currently enjoys the benefit of Small Business Rates 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.
Accommodation
No

Business Information

  • Well Known & Well Regarded
  • Low Overheads
  • Website With Online Store
  • Nicely Presented Shop
  • Popular & Busy Location
  • Lots of Regular Customers
  • 4.9 Star Google Reviews
  • Repairs & Retail Sales
  • Useful Basement & Storage Area
  • Call for Further Details

AGENTS NOTE

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

PARTICULARS

EMF are delighted to bring to market this well-established electronic device repair shop, which also offers for retail sale such like devices and accessories.

With ‘Right to Repair’ becoming a hot topic amongst influencers, the business is ideally placed to capitalise on consumers wishing to repair their devices, rather than throwing them away or replacing them – offering a much more environmentally friendly and cost effective choice.

Enjoying great reviews, a regular customer base and low overheads, this would be an ideal business for someone with experience in this sector who is looking to branch out on their own.

THE BUSINESS ITSELF

Established for around 5 years, the business has grown to be known as one of the best in the city of its type according to the online reviews. Specialising in all types of electronic device repairs such as mobile phones, laptops, games consoles and similar, they also stock a range of new products to replace or compliment these devices.

With a steady turnover and profit margin ideally suited for an owner operator and with scope to grow further makes this an interesting opportunity to consider if you have a strong interest in such devices.

PREMISES

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

The store is ideally situated on the busy and popular St. Benedicts Street, close to the city centre and the famous Norwich Lanes. This makes it a great location to pick up on the passing trade whilst enjoying low rent and rates in comparison to other city centre shops.

The attractive facade has full-width glazing with loading bays outside. Entering into the well presented store you will find it is styled in a contemporary fashion in black and white, with modern display shelving and glass cabinets. The look is finished with dark wooden floorboards giving a quality feel throughout.

Behind the customer service area there is room for a desk to work from and behind one of the display shelving units, is room for a further small desk and seating area. There is also CCTV with 4 cameras around the store.

The store has been divided by a black curtain to provide a useful storage area to the rear, however this could easily be removed and the retail area extended should a new owner so wish.

Currently the retail area measures around 17’00’’ ft wide by 12’11” ft deep, with the area behind the curtain measuring a further 11’00’’ ft deep but narrowing to 11’00’’ ft wide.

In addition there is a basement again providing useful storage if needed and steps lead up to a small kitchenette and staff toilet.

FURTHER INFORMATION

REFERENCE NUMBER

M35443E.

OPENING HOURS

9:00am to 5:00pm Monday to Saturday. Closed Sunday.

TENURE

Leasehold. 6 year lease from November 2017. It is envisaged that a new lease will be negotiated as part of the sale process.

RENT PAYABLE

£10,000 per annum.

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

RATES PAYABLE

Nil - We are advised that the property currently enjoys the benefit of Small Business Rates 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.

EPC

The Energy Performance Certificate for the property shows a rating of ‘D’ and a score of 91.

PRICE

£22,000.

For the benefit of the goodwill, fixtures, fittings & 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 call our Norwich Office on (01603) 662 662 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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East Anglia

Your Regional Director Chris Ruggles

EM&F East Anglia

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