London's Top Independent Pet Superstore with High Turnover and Profits for Sale
City of London, London
- Status
FOR SALE
- Date Submitted:
17/08/23
- Advert ID
518372
- Reference
1438 / Rightbiz
- Call Agent:
- Leasehold: £249,000 (Stock at valuation)
- Rent: £65,000
- Turnover: £750,000 (£14,423 Per week)
- Net Profit: On request
Key Features
- Fully Fitted
- Attractive Business
- Offers Invited
- Established Business
- High Turnover
- Prime Location
- Town Centre location
Business Details
One of London’s Largest Independent Pet Superstores with healthy turnover and profits
• One of London’s Largest Independent Pet Superstores
• Valuable inventory of quality fixtures & fittings
• Well-presented throughout
• Located in sought after trading area
• Hugely popular aquatic showroom
• Healthy turnover and profits with scope to improve
• Excellent local reputation for first-class service
• Lots of potential for online sales
• Fantastic change of lifestyle opportunity
• Good mix of complementary businesses nearby
• Superb acquisition for expanding allied operator
• Genuine reason for sale
Falcon Commercial is delighted to offer for sale this long-established and highly regarded independent superstore selling pet animals and fish along with food, equipment & accessories. The business has been serving the local area for over 30 years and is now reluctantly being placed on the market as the owners are retiring.
During our client’s stewardship, the business has built an excellent reputation for its welcoming atmosphere, friendly service and fantastic selection.
This thriving opportunity prides itself on offering the best possible customer experience. It aims to serve everyone’s needs and budget and provide information and advice while meeting and exceeding the needs of its customers and their pets.
This fantastic business is the only retailer of this type in the area. It enjoys an all-year-round trade with sales in the region of £750,000 with excellent gross profit margins. There is tremendous potential to increase turnover and profits by possibly running a modest marketing campaign or by offering online sales, as the business is currently without a significant online presence.
This rarely available opportunity is not to be missed, and early negotiations with Falcon Commercial come highly recommended.
The Premises
Substantial leasehold building that enjoys a highly visible trading position just off of a major shopping street. The area benefits from excellent footfall as well as containing a good mix of independent and multiple businesses.
There is plenty of on-street customer car parking nearby.
The premises are fitted and well presented to create highly functional internal business accommodation.
The premises briefly comprise:
Ground Floor
• Several retail areas containing a full range of modern, high-quality fixed and freestanding purpose-built display racking, shelving and carousel units.
• Aquatic showroom with 100 tanks
• Storerooms
• Kitchen
Business Details
Opening Hours
• Monday 9.00am - 6.00pm
• Tuesday 9.00am - 6.00pm
• Wednesday 9.00am - 6.00pm
• Thursday 9.00am - 6.00pm
• Friday 9.00am - 6.00pm
• Saturday 9.00am - 6.00pm
• Sunday 11.00am - 5.00pm
Turnover
£750,000
Accounts
Accounts will be provided to genuine purchasers after a formal viewing
Business Rates
Business rates payable: £11,868
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk
Stock
The business stock value is: approximately £100,000
Staff
The proprietors run the business with help from a dedicated team of full and part-time staff.
EPC
Commercial Energy Performance rating: TBC
Legal Costs
Each party is to bear their own legal costs incurred in the transaction. This may not include the Landlords.
Tenure
• Leasehold.
• The business is offered for sale with a secure lease which was initially for 18 years and has 1 year remaining. We are advised that the landlord will offer a new lease to suitable applicants.
• The current rent payable is £65,000 per year.
Please Note: The Code for Leasing Business Premises in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations or through the website: www.leasingbusinesspremises.co.uk
Planning
Potential tenants are advised to make their own enquiries to the appropriate local Council.
Viewing
Strictly by appointment with the vendor's agents, Falcon Commercial
Agents Note
Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thank you
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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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.
Be safe, use a Rightbiz Solicitor
Contact seller
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.
Be safe, use a Rightbiz Solicitor
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