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Retail premises for sale

£25,000

15A New Market, Beccles NR34

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Property description

Business
Hilton Smythe welcomes to the market Sweet Memories, which opened in 2004 and owned by our client since 2012, who is now looking to move towards different business interests.
This traditional sweet shop, sells over 250 different types of sweets straight from the jar. These range from the most up to date sweet to our more traditional sweets. They also sell diabetic sweets and chocolates.

In the summer there is a high turnover in slush, ice lollies and whippy style ice creams as well as gifts for tourists.

Sweet Memories also sell lots of gifts for the festive times of the year, Christmas, Easter, Valentines Day, Mothers Day and Fathers Day. There is also an area for American confectionery.
There are many returning local customers and there are very good reviews and a 4.5*/5 rated Facebook page, which is being sold with the business along with the website
There are opportunities to improve the business
Upgrade of website
Local advertising
Extend opening hours
Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Sweet Memories is located in the Waveney Valley town of Beccles in Suffolk on the Norfolk/Suffolk border. Beccles which is twinned with Petit-Couronne in France has a population of over 10,000 and is located just off the main A145 between Norwich and Lowestoft.
Sweet Memories is a superb little traditional sweet shop located in the main shopping street in Beccles, which itself has a large amount of individual and larger shops, which bring in a high footfall from locals and visitors alike.
There is one hour free parking directly outside the shop and a single staff parking space to the rear of the premises.
Many visitors come to Beccles as it is a thriving market town with an active community spirit and and huge amount of history.

Premises
Sweet Memories is located in the Waveney Valley town of Beccles in Suffolk on the Norfolk/Suffolk border. Beccles which is twinned with Petit-Couronne in France has a population of over 10,000 and is located just off the main A145 between Norwich and Lowestoft.
Sweet Memories is a superb little traditional sweet shop located in the main shopping street in Beccles, which itself has a large amount of individual and larger shops, which bring in a high footfall from locals and visitors alike.
There is one hour free parking directly outside the shop and a single staff parking space to the rear of the premises.
Many visitors come to Beccles as it is a thriving market town with an active community spirit and and huge amount of history.

Tenure
We are advised the business is being sold as a leasehold business opportunity.
The lease is currently on a rolling 30 days basis and our client currently pays £6000 per annum.
The landlord will be looking to issue a new lease and as previously stated the first and second floors may or may not be included in the lease. This is up to the new owner of the business to negotiate with the landlord.

Hours
The business opening hours are currently Monday-Saturday: 9-4.30
However, the hours could be increased Monday – Saturday and the shop could be opened on Sundays. During the tourist months the shop could be opened later still in order to increase turnover.

Staff
The business is run and managed by our client.

Financial Profile
Sweet Memories generated an advised turnover of £62,232 as of the 2016 accounts, with a gross profit of £26,211 and net profit of £6,473.

2015 turnover £73,530, gross profit £32,473.
Our client admits they have taken their eye off the ball recently and the business could easily be increased.

What Zoopla users think of Beccles

Overall rating:

  • currently 4 stars
Very good - 77% (34 ratings)

Ratings breakdown:

  • currently 4.5 stars
Community & safety
  • currently 3 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 3.5 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Beccles:

Tell us what you think of this area by rating these categories.
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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Beccles (0.3 miles)
  • Brampton (Suffolk) (4.4 miles)
  • Somerleyton (5.3 miles)
  • Norwich International Airport (18.9 miles)
  • London Stansted Airport (68.8 miles)
  • London Southend Airport (71.5 miles)
  • Reedham Ferry South (6.9 miles)
  • Reedham Ferry North (7.0 miles)
  • Southwold Ferry Landing (10.7 miles)

Nearby schools

View all schools in Waveney
  • St Benet's Catholic Primary School (0.3 miles)
  • The Albert Pye Community Primary School (0.4 miles)
  • Ravensmere Infant School (0.4 miles)
  • East Norfolk Sixth Form College (10.7 miles)
  • Sir Isaac Newton Sixth Form Free School (16.5 miles)
  • Westbridge Academy (32.7 miles)
  • Sir John Leman High School (0.5 miles)
  • Beccles Free School (0.7 miles)
  • Bungay High School (5.1 miles)
Note: Distances are straight line measurements

Local info for Waveney

About the neighbours in NR34

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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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Disclaimer

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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