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Retail premises for sale

£34,995

129 Constitution Hill, Norwich NR6

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Property description

Business
Reduced for Quick Sale

Hilton Smythe welcomes to the market Let’s Go Express. This convenience store was established by our client in 2011. The owner now looks to sell the store, due to the desire to focus on another shop.

The business runs as a corner shop and off licence, stocking an exceptional range of produce. This includes tobacco, confectionery, beers, wines, spirits, household products, frozen foods and much more. The business also offer the National Lottery, this generates an extra annual income.

Let’s Go Express generated an advised turnover of £250,000 as of the 2016 accounts, with a gross profit of 22%. Although, this is a healthy turnover, we feel there is scope to boost this figure. The purchaser could look to introduce other services such as Payzone, cash point and newspaper deliveries. Extending opening hours should also be considered.

The property is well-suited to the trade and has an A2 licence. This is a fantastic turnkey opportunity that would be ideal for a husband and wife team or partnership. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Location
Let’s Go Express is located in Norwich, Norfolk.

The business is set in a prime trading location at a cross roads. There is daily heavy footfall and passing trade, from which the business derives much of its trade. The area is mostly made up of residential properties; however, there are some independent businesses in the area. Retailers include a furniture store, pub, estate agents and fish and chip shop.

Norwich is a popular city with tourists. There is much to see and do with plenty of visitor attractions. Attractions include Amazona Zoo, Guided Walking Tours, Strangers Hall, The Bishops Garden and much more.

The business is situated just a 10-minute drive away from the city centre of Norwich. Norwich international airport is also close by. Due to its close proximity to the city centre the area boasts excellent road connections and generous public transport links. The A1042 and A140 are a short drive away. There are also bus stops in the area and the closest train station is in the city centre.
Premises
Let’s Go Express boasts a great sized corner property on a busy main road. The property is well signed, this is clearly visible to passing trade. A door on the corner of the property leads into the main retail space.

The retail space has several centre isles and perimeter shelving. The service counter is to the back of the property, this has counter top displays, till, shelving and a cigarette gantry behind. The shop is well-laid out, perfect for the trade.

On the first floor of the property is a large storage room. There is also a staff kitchen and toilet.

Equipment includes:

Service counter

Cigarette gantry

Till

Lottery terminal

Shelving

Chest freezers

Epos system

There is a free carpark directly across the road.

The property has an A2 licence.
Tenure
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 15 years.

Remaining lease length: 3 years as of 2017.

Rent: £6,000 per annum.
Hours
The business opening hours: -

Monday - Saturday: 8am – 11pm

Sunday: 8:30am – 10:30pm
staff
The business is run and managed by our client, with the help of one part time member of staff.
Financial profile
Let’s Go Express generated an advised turnover of £250,000 as of the 2016 accounts, with a gross profit of 22%.

Lottery income figure to be supplied.

What Zoopla users think of Old Catton

Overall rating:

  • currently 4 stars
Very good - 80% (33 ratings)

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Nearby transport

  • Norwich (2.0 miles)
  • Salhouse (3.9 miles)
  • Brundall Gardens (5.3 miles)
  • Norwich International Airport (1.4 miles)
  • London Stansted Airport (69.9 miles)
  • London Southend Airport (79.3 miles)
  • Reedham Ferry North (12.4 miles)
  • Reedham Ferry South (12.4 miles)
  • Southwold Ferry Landing (28.0 miles)

Nearby schools

View all schools in Broadland
  • Old Catton CofE VC Junior School (0.5 miles)
  • Sprowston Junior School (0.6 miles)
  • Sprowston Infant School (0.6 miles)
  • Include Schools Norfolk (1.0 mile)
  • Sir Isaac Newton Sixth Form Free School (2.0 miles)
  • Norwich City College of Further and Higher Education (2.7 miles)
  • Hall School (0.5 miles)
  • Sewell Park Academy (0.7 miles)
  • Sprowston Community High School (0.9 miles)
Note: Distances are straight line measurements

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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