Two Profitable Fishing Tackle Retail Establishment For Sale Due To Retirement | | Skegness Lincolnshire | | Two Fishing Tackle Retail Establishments for sale, can be purchased as one or two seperate retail outlets. On the East Coast, situated within walking distance of the sea, one Freehold with self contained flat and one Leasehold on a very reasonable rent. Lease to let or rent Two Profitable Fishing Tackle Retail Establishment For Sale Due To Retirement is located in Lincolnshire. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 38527
ADVERT IMPRESSIONS : 18,081 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Fishing Tackle & Chandlery | | SALE: | Private Sale | FREEHOLD: | £200000 | LEASEHOLD: | £50000.00 | ANNUAL RENT: | £4777.56 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | After 36 years in the tackle trade the mother and son partnership Tackle 4 U has decided retirement is on the cards. They have both decided that it was time to sell either one or both of their shops. Both shops enjoys local fishing trade plus holiday trade from the many static vans in the local area. This business enjoys all the considerable commercial and private advantages of its position among numerous other complementary outlets, and convenient both for the coast and the busy heart of the prosperous Lincolnshire market town of Boston, this very well established concern has earned itself a priceless reputation with followers of the nation’s most popular participation sport for its quality of product range and helpful friendly service, in the course of many years highly successful trading. Operating from extremely well fitted and presented mid parade premises the business primarily conducts a popular retail operation of an extensive selection of traditional brand named angling equipment, baits and accessories for which a strong and established regular customer base, combined with the seasonal holiday trade succeeds in generating consistently impressive levels of turnover and profitability for an enterprise of this kind.
The additional fact that the 3-storey freehold property at Skegness also incorporates all the facilities necessary for the provision of self-contained private living accommodation, on the upper floor which has recently been fully refurbished to a very high standard. This helps to make this very much a potential high income producing home and offer of outstanding future possibilities which ought not to be missed.
The business operates from neat and well maintained 3-storey premise which occupies a trading position on an established parade of shops situated in the busy major Lincolnshire coastal town of Skegness with a scope to increase trade. To the front, the business premises are prominently signed and attractively presented and afford ample and inviting display window space with security shutters which are lowered at night. There is parking in front directly outside the shop on the main street. The shop is on a road that runs parallel to the sea front and is the main road from Skegness to Ingoldmells and is approximately 800yds from the busy, bustling sea front of Skegness. Skegness is situated on the coast within 5 mins of Ingoldmells and Fantasy Island and Butlins, 15 minutes from Chapel St Leanords, 30 minutess travelling distance from the market town of Boston and one hour’s drive from the historic town of Lincoln.
The Skegness shop operates with 1 full time and 1 part time staff during the summer. This would present an ideal opportunity perhaps for the business-minded enthusiast, or indeed anyone with some appropriate product knowledge seeking that super combination of a thriving, easily managed and locally valued going concern operating in a specialist retail sector of consistent high demand, coupled with a potential home in a very convenient and commercially desirable
Ground Floor
Extremely well fitted throughout, the business accommodation on the ground floor briefly comprises a single-fronted entrance into the main, bright, good-sized and well appointed open-planned retail sales and customer service area, which houses a full range of high quality display furniture, shelving, racking and cabinets for an extensive selection of traditional brand name angling equipment, accessories and baits, in addition to a fully equipped display point-of-sale counter with electronic tills etc and fitted with carpet throughout.
The front part of the shop is 15' 9" x 23' 6" with six steps up to an open display area of 31' x 13' then six steps down to a new extension that is 28' x 13' which has been completed and will give a great potential to increase the turnover of the business.
This adaptable proposition would most certainly appeal to some similar-sized or larger allied enterprise looking to very significantly increase its existing share of the market by the acquisition of a superbly located additional outlet with a valuable local name and an established customer base. Either way, we would unreservedly recommend a viewing of a very sound commercial proposition of uncommon quality and real further development potential which only comes onto the market due to an impending retirement of one partner and political involvement of the other.
The ground-floor premises also incorporates cold storage areas and freezer unit and cold counter for retail of live bait, with further ancillary accommodation consisting of all the usual washroom / WC facilities.
Current turnover in excess of £173069 per annum with and excellent profit margin and scope to increase. Returning a 45% Gross Profit
Freehold £200, 000. 00 + stock at valuation which is approx £50, 000. 00
Business Rated & Council Tax
£2109. 00 ( If purchased as a single business, these rates would be reduced by approximately half because it is a holiday area)
Trading Hours
Summer maximum
Monday — Friday 9. 00am - 5pm
Saturday 8. 30am - 5pm
Sunday Closed
Winter Hours
Monday — Saturday 9am — 5. 00pm
Ingoldmells Branch
Fixtures & Fittings
The business is well fitted throughout and a valuable inventory of equipment is to be included in the sale price. The Ingoldmells branch is a leasehold property and is on a very reasonable rent including the garage at the rear, with a rent review every 3 years. It can be run with 1 permanent staff and one part time staff between Easter and September. Financial Information
Current turnover in excess of £162280 per annum with scope to increase. Returning a Gross Profit 45%
Leasehold £50, 000. 00 + stock at valuation
Rent including garage £4777. 56 per annum
Business Rated & Council Tax
£1818. 75 ( If purchasing a single business, these rates would be halved because it is a holiday area)
Trading Hours
Summer maximum
Monday — Friday 9. 00am - 5pm
Saturday 8. 30am - 5pm
Sunday 9. 00am - 4pm
Winter Hours
Monday — Saturday 9. 00am - 5pm
Sunday 9. 00am - 4pm
The business operates from neat and well maintained 1 storey premises which occupies a trading position on an established parade of shops situated in the busy major Lincolnshire coastal town of Ingoldmells, the existing business is arranged as follows:-
Sales Area 20ft x 24ft
Extremely well fitted throughout, the business accommodation on the ground floor briefly comprises a single-fronted entrance into the main, bright, good-sized and well appointed open-planned retail sales and customer service area which houses a full range of high quality display furniture, shelving, racking and cabinets for an extensive selection of traditional brand name angling equipment, accessories and baits, in addition to a fully equipped display point-of-sale counter with electronic tills etc and fitted with carpet throughout.
Garage Area 8ft 7ins x 17 ft.
To the rear of the property is a garage which incorporates a stainless steel refrigeration unit with a stainless steel blower, electric riddle and a run of three free standing bait cleaning riddles. The shop floor has a freezer unit and cold counter for retail of live bait, with further ancillary accommodation consisting of all the usual washroom / WC facilities and small storage area with a refrigerator.
Externally
To the front the business premises are prominently signed and attractively presented and afford ample and inviting display window space. There is parking in front directly outside the shop on the main street and ample parking opposite and behind in car parks that are pay parks in summer but free in winter. The shop is on a road that runs parallel to the sea front and is the main road from Ingoldmells to Skegness and Chapel St Leonard's and is approximately 1000yds from the busy Fantasy Island theme park and market and a mile from the sea front at Ingoldmells. Ingolmells is situated on the coast within 8 mins travelling distance Chapel St Leanords and 5 mins from Skegness. Fixtures & Fittings
The business is well fitted throughout and a valuable inventory of equipment is to be included in the sale price. For further details telephone 07717 883080. | | | | | | EXPIRED - AWAITING DELETION | | | | | REFERENCE: | 38527 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
