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Retail premises for sale

£37,500

Suite 19, Norwich NR3

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Property description

Business
Hilton Smythe welcomes to the market Ifix, which was established by our client in 2015, our client will be moving abroad upon completion of the sale of the business.
Ifix is a repair centre that mainly deals with Apple products and mobile phone repairs. The business is being sold with two websites, the main one being , which has lots of local traffic recording approximately 3000 hits per month, and approximately 50000 per year (information taken from Google Analytics.) This has an online booking and payment system.
The other website is another repairs website mainly aimed at the market from across the country with a postal element to it.
Feel free to check out both of the websites to get a greater understanding of the business model.
The business is located within a few hundred metres of a local supplier meaning most screen repairs can be carried out within an hour, this is one of the companies usp’s.
Apart from the websites the majority of the new business comes from word of mouth as Ifix has built up a strong reputation within the area.
The business has seen exponential growth since its inception in 2015, from a business run from a bedroom to one with two websites, walk in custom and a greater income.
There is further scope for development of the business by
Looking at the pricing strategy, currently one of the most expensive in the area
Introducing a Groupon campaign
Local advertising campaign
Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Ifix is located in the city of Norwich, Norfolk on the northern side of the city centre in an office space within a business centre.
There are local car parks and many bus links to the office, which is approximately a 10 minute walk from the city centre.

Premises
Ifix is located in the city of Norwich, Norfolk on the northern side of the city centre in an office space within a business centre.
There are local car parks and many bus links to the office, which is approximately a 10 minute walk from the city centre.

Tenure
We are advised the business is being sold as a leasehold business opportunity with a renewable 6 month lease at £3120 per annum which is paid monthly at £260. This includes all utilities and use of all communal areas.

Hours
The business opening hours:
Monday-Friday: 9-5
This is due to the opening hours of the business centre, however, there are no restrictions on working times and the entrance door can be opened remotely by Ifix from the office

Staff
The business is run and managed by our client.

Financial Profile
Ifix generated an advised turnover of £43,048 for the calendar year of 2017 accounts, with a gross profit of £30,231 and a net profit of circa £27,000.

However, the accounts for January and February of 2018 show pro rata figures of £53,220 turnover and £35,826 gross profit

What Zoopla users think of Norwich

Overall rating:

  • currently 4 stars
Very good - 82% (257 ratings)

Ratings breakdown:

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

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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

  • Norwich (0.7 miles)
  • Salhouse (4.9 miles)
  • Brundall Gardens (5.2 miles)
  • Norwich International Airport (2.4 miles)
  • London Stansted Airport (68.6 miles)
  • London Southend Airport (77.9 miles)
  • Reedham Ferry North (11.9 miles)
  • Reedham Ferry South (12.0 miles)
  • Southwold Ferry Landing (27.0 miles)

Nearby schools

View all schools in Norwich
  • Magdalen Gates Primary School (0.3 miles)
  • George White Junior School (0.5 miles)
  • Angel Road Junior School (0.6 miles)
  • Sir Isaac Newton Sixth Form Free School (0.5 miles)
  • East Norfolk Sixth Form College (18.2 miles)
  • Bury St Edmunds County Upper School (36.2 miles)
  • Jane Austen College (0.2 miles)
  • Norwich School (0.3 miles)
  • Sewell Park Academy (0.8 miles)
Note: Distances are straight line measurements

Local info for Norwich

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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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