Pet Shop Plus Flat If Required | | Little Clacton Essex | | PET SHOP + 2 BED FLAT (IF REQ) - LITTLE CLACTON. A long established retail pet foods and accessories business run under the current ownership for 16 years. The business is not run to its full potential pending owners retirement, offering scope to re-introduce the sale of live pets which our client stopped selling in 2005, extend trading hours and introduce deliveries. Accounts confirm net sales of £131,371, gross profits of £42,370 and a net profit after expenditure of £22,080. Renewable lease, rent only £9,000 pa. Good opportunity. | | ADVERT NUMBER : 43653
ADVERT IMPRESSIONS : 9,658 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Pet Shops | | SALE: | Agent Sale | LEASEHOLD: | £29,950 | ANNUAL RENT: | £9000 | | | | | BUSINESS DETAILS: | Location
Town: LITTLE CLACTON
County: Essex
The business trades from a main road premises within an unopposed village on the outskirts of Clacton-on-Sea. The position benefits from considerable amounts of passing trade, good customer parking facilities and is very well known throughout the surrounding area.
The Business
Trading from a detached property with large glazed frontage, glazed entrance door, fascia board, forecourt display/parking area, internally providing a Sales Area approx. 18'7 x 39'3 = 732 sq. ft. equipped to trade with counter unit, electric cash register, labelling machine, electronic scales, display shelving to walls, gondola shelving units, 3 glass top chest freezers. Kitchen/W.C. Facilities. Store Room 17'4 x 34'10 = 606 sq. ft. housing a large walk-in cold room, wooden and metal racking, Avery manual scales. Private Parking 2 spaces allocated, 1 for the shop and 1 for flat.
Living Accommodation there is an option to rent the self contained first floor flat that has been recently refurbished and benefits from double glazing, night storage heating and comprises entrance lobby, modern kitchen/diner, living room with ornamental fireplace, 2 double bedrooms, bathroom/W.C. with new suite.
Trading Hours
Monday, Tuesday, Thursday, Friday and Saturday 9 am to 5 pm. The business currently closes on a Wednesday and Sunday.
Staff
The business is run by the proprietor only, employing no staff.
Turnover
Accounts are available to confirm net sales of £131,371, gross profits of £42,370 and a net profit after expenditure of £22,080. There is obvious scope to potentially increase these takings by trading longer opening hours, opening on a Wednesday and Sunday, re-introducing the sale of live pets and undertaking deliveries.
Tenure
Leasehold - The premises are subject to a secure lease expiring 31st January 2015 at a current rental of £9,000 per annum exclusive. We understand a new lease is available for a longer term if required, and if the flat is required an additional rental will be payable.
Business Rates
We are advised that the business rates payable are £3,199.57 for April 2010/11 before any small business rate relief is claimed.
Legal Costs
Each party are to be responsible for their own plus 50% of the landlords legal costs incurred in this transaction.
Summary
A long established retail pet foods and accessories business that has been trading for in the excess of 30 years and owned by the current vendor for 16 years. The business is not run to its full potential pending our clients retirement, and offers scope in younger hands to re-introduce the sale of live pets which our client stopped selling
in 2005, and also trading hours could be extended and deliveries undertaken. There is an option of renting the 2 bedroom flat above if required.
Inventory
A detailed inventory of fixtures and fittings will be prepared and supplied at the point of sale.
Finance
Finance and business loans are available from leading high street banks with attractive finance options. We can arrange for you to speak to a national firm of Business Finance Brokers or alternatively put you in touch with a major high street bank for a free under no obligation discussion or consultation.
VIEWING BY FIRM APPOINTMENT ONLY
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Bradleys Countrywide otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission. | | | | | | UNDER OFFER | | | | | | | | | | | |
