Discount Retailer Specialising In Pet Supplies And Plants | | Undisclosed Derbyshire | | CASTLE DONNINGTON DISCOUNT RETAILER SEPCIALISING IN PET SUPPLIES AND PLANTS Prominent corner position in high street Excellent reputation for pet supplies plants & electrical items A/T: £62,846 Ltd competition L/H: £29,997 + SAV | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69167
ADVERT IMPRESSIONS : 17,247 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Discount Stores | | SALE: | Agent Sale | LEASEHOLD: | £29,997 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Prominent corner position on the High Street in Castle Donnington
• Close to a range of complementary individual businesses but with limited competition
• Within easy access of the motorway network; close to East Midlands airport
• Ample street parking within the vicinity and free parking in town
• Passing customers from the airport and local villages
• The business is well supported by the local community in this picturesque village
HISTORY
• Established as discount retailer 15 years ago
• Castle Donnington enjoys the Download festival every year which attracts over 70,000 rock fans from all over the world
• Annual fairs such as the Wakes fair brings thousands of people through the village
• Product mix and blend varied in line with changing consumer tastes
• Retail site for many years
• Acquired by vendor 2 years ago as value retail shop
• Niche markets within pet supplies, electrical retail and plants, firmly established
REASON FOR SALE
• Vendor wish to concentrate on alternative business interests in London
PRODUCTS
• Pet foods and supplies including medicines
• Household goods
• Toiletries
• Toys and games
• Discounted goods
• Plants & small exotic trees
• Cards
• Electrical items – including light fittings
• Wide range of watch batteries fitted
• Electronic components
SERVICES
• Deliveries undertaken
• Goods sourced to customer order
STAFF
• Family run by husband and wife team
TRADING HOURS
• Monday, Tuesday, Thursday and Friday 9.30am to 5.30pm
• Wednesday and Saturday 9.30am to 1.30pm
• Sunday closed
FINANCIALS
• Turnover 2012 £62,846 (draft)
• Gross profit £20,543 (draft)
• Excellent consistent level of net profit, particularly for a working family
• Stock holding approximately £8,000
PREMISES
• Prominently sited retail shop with a high street location
• Retail shop area with two distinct areas
• Sales counter
• Double window display
• Racking and shelving appropriate to trade
• Store
• WC
• Cellar
• Small kitchen to the rear
STRENGTHS
• Established retail presence within the town
• Excellent trading location with favourable rent and zero rates
• Website
• Limited competition in town with no rival pet shop
• Solid financial performance
• Only shop that sells electronic components in the village
CUSTOMERS
• Loyal customer base of regular shoppers
• High level of passing trade
• Popular with locals, tourists visitors alike
• Appeals to a wide range of customers from all generations
• Passing trade from East Midlands Airport and office workers
SCOPE
• Additional opening on Sundays or evenings
• Variation of product range with introduction of new lines
• Additional business development activities
• Premises could be suitable for refurbishment
• Local racetrack has increased number of race days in 2012
• Development of additional niche markets
SUPPLIERS
• Products sourced through wide number of long standing contacts
• Plants delivered direct to shop
TENURE
• Leasehold 5 years
• 4 years remaining
• Rental £1,575 per quarter
• Rates Nil
VIEWINGS
• A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1210DE / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
