Beautiful North Norfolk Village
Walking Distance to Beach
Potential Additional Apartment
Private Garden & Parking
Dream Lifestyle Business
Multiple Income Streams
3 Bed Owners Accommodation
Highly Sought After Location
Vendors Currently Working 4 Days Per Week
Where do we start with the business and property that has it all? Is it the highly sought after location on the stunning North Norfolk Coast? The beautiful owners accommodation? The unopposed business generating income from multiple streams? The potential to create an additional holiday apartment to compliment the existing very well presented unit with its high occupancy levels? There is so much that this property has to offer that it must be viewed to fully appreciate the opportunity that is here.
Situated in the traditional Norfolk village of Weybourne with its cobbled finished properties and being centrally positioned between Cley-next-the-Sea, Holt and Sheringham on the coast road, this provides not only an ideal location for the business but an idyllic place in which to live. Being a short walk from the Norfolk Coastal Path, Weybourne is a popular place with walkers and tourists alike to stop off and refresh.
THE BUSINESS ITSELF
The appeal of this business is the various income streams that the vendors have created giving many reasons for people to come in and then giving opportunity to cross sell to increase the average spend per person. Currently generating a total turnover in excess of £275k p.a and achieving the high level of profit margin one would expect of this type of business, it provides a good and sustainable income for the owners. The shop itself features its own website, as does the holiday apartment where you can book a reservation online and find out more information.
The store, which has been in existence since 1926, provides a wide range of goods for the benefit of the local community and the many tourists visiting the area. In recent years, the emphasis in the Village Store has shifted from one of shopping to being the hub of the community and a destination for those that want to enjoy fresh food, drink and lively conversation. Customers can shop for locally-sourced produce in the delicatessen or purchase traditional convenience items from the store. It is amazing to see just what the vendors have available.
The property also has a separate holiday let apartment accessed independently from the shop and the owners accommodation. Presented to an excellent standard with high quality fittings including underfloor heating it is unsurprising that the vendors achieve occupancy levels in the region of 80%. We understand that there is also a lapsed planning consent which granted the addition of a second holiday apartment. The vendors believe that this could be easily reapplied for and implemented and would give a new owner the opportunity to generate further income and add capital value to the property and site.
The business as a whole enjoys an enviable reputation with great on line reviews and is much loved and well used by locals and tourists alike.
NOTES ON COVID-19 FROM THE VENDORS
The Village Store continued to operate throughout lockdown during April to May 2020 offering a reduced service. Supported by local volunteers they continued to serve the village providing an essential service.
They were able to Furlough the staff and received grants for the Flat and Business, as well as 100% Business Rates Relief on both businesses.
July to September 2020 have all been record months for the business with shop sales up by 33% in September.
Benefiting from a coastal location with a holiday flat and offering an ‘Essential Service’ the future looks very positive for the business.
ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.
The double fronted shop which measures approx. 85 m2/900 sq ft oozes charm with its traditional yet contemporary feel. It is fitted out with quality display units which somehow keep a sense of light and space whilst stocking a huge range of items. A cold cabinet houses the deli goods and there are additional fridges for drinks and cold goods as well as a chest freezer for ice creams. There is a nice service counter area with coffee machine, EPOS till and preparation work areas behind as well as a separate secured office enabling ordering, dealing with the accounts and such like to be done in private. There is also a selection of tables and seating for up to 19 covers inside and another 18 outside. The shop has the added benefit of air-conditioning throughout.
To the rear of the shop is a commercial kitchen with bread oven, fridges, sinks, shelving, cupboards and work surfaces providing additional space to prepare fresh goods as well as a customer toilet. Outside for the benefit of the commercial part is a separate garden area which has a walk in freezer, storage sheds and bin store.
Built in 2009 and partially refurbished recently, the first floor holiday apartment measures approx. 40 m2/430 sq ft and has an open plan kitchen/diner/lounge, a good sized double bedroom and bathroom with nice views across the village. The accommodation is light and airy with fitted kitchen and bathroom, underfloor heating, inset spot lights and quality furnishings throughout. There is also a small rooftop terrace for guests to enjoy.
The main house where the vendors live can again be independently accessed with it’s own front door and means one can step away and shut off from work. A good sized home which would provide ample room for a family or couple alike and in keeping with the rest of the property has been finished to a very good standard. Downstairs is a fitted kitchen overlooking the garden with a good range of base and wall units with space for appliances. Inset spotlights, and tiled splashbacks and floor finish the look.
Through to the lounge diner with patio doors to the rear garden and a large window overlooking the front at the dining end. The lounge has a feature wood burner and wood store whilst the dining area has an original fireplace (currently unused). There is wood effect laminate flooring throughout and nice built in shelving/bookcases.
The staircase leads up to the first floor where you will find 3 double bedrooms all of a good size. The first one just off the stairs is currently used as an additional reception room/study with large window to the front and original flooring. The hallway, with window overlooking the garden, leads from this room to the main bedroom at the other end of the property with the bathroom and third bedroom off. The main bedroom again has a large window to the front, original timber flooring with plenty of space for wardrobes, dresser and seating. The third bedroom is carpeted and is again a good sized double with window to front and built in wardrobe and shelving. The spacious bathroom is fitted with a shower over the bath, basin and w.c with tiled walls and vinyl to the floor.
The owners accommodation has its own enclosed and secure private garden area with decking off the lounge patio doors, laid to lawn with a good selection of plants and shrubs. A real sun trap garden which gets the sun all day long. There are also 3 off road parking spaces to the front of the property which can be used by the owners or customers but there is also a good amount of on road parking available outside as well. Whilst no natural gas is available the property has propane gas supplied via bottles and has the benefit of double glazing throughout.
Mon - Sat: 8:00 am to 4:00 pm. Sun: 8:30 to 4:00 pm.
During the winter months the hours are reduced to suit demand.
We understand that there are currently no business rates payable due to the vendor being able to claim the Rural & SBRR Exemptions.
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.
Strictly by appointment only, please call our Norwich Office on (01603) 662 662 to make an appointment.
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.
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!
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.
Mon - Sat: 8:00 am to 5:00 pm.
Sun: 8:30 to 4:00 pm.
During the winter months the hours are reduced to suit demand.
Is accommodation included?: