Wet Dog Surf Shops, Norwich, NR8
£362.77 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
689 sq ft
64 sq m
- SECTOR
High street retail property for sale
Description
Selling a broad range of surf and paddle boards, wetsuits, swimwear and accessories, they cover all the bases.
The business has long-standing and strong relationships with all the major surf lifestyle brands such as Quiksilver, Roxy, Billabong, Rip Curl and Hurley. Saltrock recently described Wet Dog as "an institution who have done so much to help the industry" and "a legendary local surf shop". In November 2022 they were voted in the top seven independent retailers in Norfolk by the readers of the Eastern Daily Press - a high accolade given that their peers are other large independent retailers who are local household names.
As they say in their adverts - kick back and come and chat - this could be the business for you!
Location
Located in two idyllic settings on the North Norfolk coast, namely Cromer and Wells.
Tenure
The shop at Wells has just commenced a new three year FR & I lease at £12,000 per annum plus service charge and VAT. The Cromer shop is out of lease and a new lease will be granted to the purchaser at around £14,000 per annum plus service charge.
The Premises
WELLS: Situated on the quay front in a prime position with over 18' frontage. Immaculately presented with extensive fixtures and fittings, electric sliding doors, underfloor and overdoor heaters, storage area, kitchen and WC and rear access.
CROMER: Again, in a prime location by the church with high levels of passing trade and commanding sea views from the rear of the premises. Approximately 500 sq. ft. retail shop with store room, WC and benefitting from air conditioning and parking.
Staff & Trading Hours
Each store is currently run by the vendors with the assistance of seasonal staff during the high season. Both stores operate between 10 am to 5 pm during the summer months and 10 am to 4 pm during the winter. The vendors close for six weeks of the year, one week in November, five weeks in January/February, plus several days during the quiet season. Open seven days a week in season and six days September to March.
Turnover
Turnover for the year ended March 2023 was comfortably in excess of £400,000 gross. Further financial information can be provided to seriously interested parties on or after a meeting with the vendor.
Business Rates
Wells - rateable value of £9,500 with business rates payable of £1,375.
Cromer - rateable value of £10,250 with business rates payable of £1,244.
Summary
Brilliant lifestyle business which would suit a wide variety of prospective purchasers. Highly profitable, great potential, enviable locations, long holidays - what more do you want?
Wet Dog Surf Shops, Norwich, NR8
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Sheringham Station14.9 miles
Notes
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