Cornwall's Premier Canoe, Kayak & Paddleboard Retailer in Redruth - Huge Growth Potential
Redruth, Cornwall
- Status
FOR SALE
- Date Submitted:
04/07/22
- Advert ID
298169
- Reference
2727 / Rightbiz
- Call Agent:
- Leasehold: £69,950
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Independent Canoe, Kayak & Paddleboard Retailer Located In Cornwall
Independent Canoe, Kayak & Paddleboard Retailer Located In CornwallHuge Opportunity To Increase Trade
Fantastic Lifestyle Business
Business To Be Relocated
Ref 2727
Location
This highly successful Canoe, Kayak & Paddleboard retailer is currently situated near Redruth, Cornwall. The business is currently operated from a 1500 sq ft unit but the new purchaser would need to relocate the business.
Asking Price: £69,950 plus SAV (£70,000)
Business Description
Veritas Business Sales are delighted to offer for sale this Canoe, Kayaks, Paddleboards and accessories retailer which is currently located in Cornwall. The business was established back in 1985 by the current owner and is now being offered for sale so that they can enjoy a well deserved retirement.
Since ownership our clients have developed their business into the largest independent retailer for Canoes, Kayaks, Paddleboards and related accessories in Cornwall. The business will need to be re-located ideally within the Camborne, Helston, Truro, Penryn, Falmouth area. Wild Things proudly retail only UK manufactured Kayaks by Tootega, Wilderness Systems, Dagger, Pyranha, Islander and P&H Sea Kayaks, similarly so with paddles and are also a Palm Equipment stockist. These prestige accounts are only available to the owner of the business. The business comes with an excellent reputation and lots of well recommended referral business. All main trade accounts have agreed to continue to supply the new owner subject to satisfactory credit references. The business is owner operated and achieved sales for year ending 31.10.21 of £310,254 with a GP of (36.5%) and net profit of circa £100K.
We believe that there is huge opportunity to increase trade. The business is currently under-trading by having no on-line sales, no social media marketing and their own website is obsolete. The business also does not trade for four months of the year. If these parts of the business were addressed, this would lead to a significant rise in income. They enjoy a strong reputation within the local community and beyond and as such have a high level of regular repeat trade. This is a superb opportunity to purchase an established niche business with great prospects which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.
Opening Hours
Monday – Saturday – 10:00am – 5:00pm
Sunday – closed
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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