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8900LU BEDFORDSHIRE LEASEHOLD: £180,000 ANGLING CENTRE & PET SHOP

Asking Price: GBP 180000
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Business Location: United Kingdom » Bedfordshire » BEDFORDSHIRE 
Category: Retail » Pet Shops & Supplies
Description:
Advent Business Sales is pleased to have
been instructed to offer to the market this
extremely well established and profitable
retail angling business.
Founded by our clients 26 years ago, the
business is only now being reluctantly
offered for sale to enable them to pursue an
alternative unrelated business venture.
Currently run by the 2 vendors with the
assistance of 2 part time members of staff,
the business offers an extensive range of
angling equipment, accessories and bait and
also runs its own pet shop.
The angling centre benefits from little local
competition and has excellent high levels of
repeat business from the many local fishing
clubs.
They concentrate on tackle for the
carp/coarse and the match anglers, although
they do have a small section for the sea and
fly fisherman.
The vendors also organise fishing matches
throughout the year, thus increasing further
the loyal local customer base.
The business has a good web site, which
keeps the local anglers abreast of competition
results, special events and a comprehensive
list of all the products for which they are
stockists.
We are advised that stock at cost is
approximately £100,000.
The vendors are prepared to work with a
new purchaser, to ensure a smooth transition
and to effect the necessary introductions to
suppliers, staff and to the local angling
clubs.
REF: 8900LU
TRADING HOURS
Mon-Sat: 9am – 5.30pm
EXPANSION POTENTIAL
Although already a very successful business,
there is still excellent scope to increase sales
and profits further by:
1. Opening on Sundays
2. Opening earlier in the mornings –
especially in summer
3. Expanding the product range in the
pet shop
4. Increasing the top end rod selection
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £215,000
Gross Profit: 59%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
Large ground floor lock up premises with the
added security of having an alarm system
and with CCTV with 4 cameras and briefly
comprising of:
Ground Floor
 Pavement display with side entry
door into the main sales area with a
well stock pet shop area and counter
display with till
 The remaining 80% of the shop is
taken up with a huge range of rods,
accessories, baits, clothing and
almost everything an angler should
ever need
 W/c at rear of shop
TENURE: Leasehold
Original lease: 21 years
Remaining lease: 16 years
Review every: 5 years
Rent: £8,500 per annum
We are advised that the annual business
rates are currently: £2,800
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.
 
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Financial Information:  
Annual gross sales: (GBP) 215000
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area:
Year Established: 1982
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 2 part time
No of trading hours: Mon-Sat: 9am – 5.30pm
Reasons for selling:
 offered for sale to enable them to pursue an alternative unrelated business venture.
Market competition and expansion:
 Although already a very successful business, there is still excellent scope to increase sales and profits further by: 1. Opening on Sundays 2. Opening earlier in the mornings – especially in summer 3. Expanding the product range in the pet shop 4. Increasing the top end rod selection
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