Retail premises for sale in Fletcher Way, Weston Road, Norwich NR3

£29,950
Retail premises for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property description

Ref 6944 – Leasehold Pre-Owned Children's Equipment, Accessories, Clothing & Toy Shop
Blacks Brokers are pleased to bring to the market this leasehold pre-owned children’s equipment, accessories, clothing and toy shop located in Anglia Square, Norwich.


Introduction


Marmalade Children’s Shop was established in early 2016 with our client taking ownership in 2017. The shop offers a range of pre-owned children’s equipment, clothing and toys. The shop is very well known and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Facebook and Trip Advisor.


Location


Marmalade Children’s Shop occupies a prominent trading position within a busy shopping centre in Norwich. Anglia Square is densely populated commercially with neighbouring businesses including eateries, independent retailers and large multiples such as Boots, Greggs and Poundland. Norwich is well linked by the A47 with strong public transport links and parking is available in the surrounding area.


Reason for sale


The business is ideally suited to a hands-on owner-operator but due to the demands of our client's family commitments, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease


The building is available on a Full Repair and Insure lease (Fri). This is the most common form of commercial lease. The current lease is a two year lease which began in 2018 at a cost of £650 per month.


Building layout and design


Marmalade Children’s Shop operates from a two storey retail property within Anglia Square Shopping Centre. The business has newly fitted signage and branding on display above a glazed frontage and this is displayed to both sides of this corner property. Inside, the retail area is split across the ground and first floor. There are also toilets, baby change facilities, a large stock room and a kitchen. All areas are well equipped and fitted with good quality fixtures and fittings which been well maintained.


Staff


The business currently operates with just our client in employment.


Financial details


Marmalade Children’s Shop has traded solidly since opening and our client has established a strong customer base. We are advised that the business currently has an annual turnover of £49,481, a gross profit of £42,469 with a net profit of £31,229. Full financial details are available after viewing.


Business rates


Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


This is a unique and well established children’s equipment, accessories, clothing and toy shop in a prominent shopping centre location. There is plenty of scope to develop the business further with the introduction of longer opening hours, seven day opening and a new website. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £29,950.

Please quote ref: 6944

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (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 Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation 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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