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Well Established Pet Shop In Croydon

Croydon, London
Leasehold Price:
£89,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
208270
Reference
6047 / Rightbiz

Details

    Same Owner Since 1979

    Annual Turnover £286,000

    Gross Profit £122,980

    Retirement Sale

    Short Opening Hours on Sundays

    EPC - D

Description:
REF 6047 – Leasehold Pet Shop
Blacks Business Brokers are proud to bring to the market this leasehold pet shop located in a busy and much sought-after area of New Addington, Croydon.

INTRODUCTION
Burgess Boys Pet Care Centre has been trading on Central Parade since 1979 with our client in ownership since opening. During this impressive trading history, the business has gained a large base of repeat customers and a superb reputation. The shop offers a range of live animals and supplies along with a wealth of knowledge in this field.

LOCATION
Located on Central Parade in New Addington near Croydon, this area is well-linked with the A232, A22 and M25. Biggin Hill Airport lies close by and the business is neighboured by many other shops and businesses. Public transport in this area is excellent including a tram link and one hour free parking is available immediately outside the shop.

REASON FOR SALE
Burgess Boys Pet Care Centre is only being offered for sale due to our client’s retirement.

LEASE
The building will be available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The new lease will be fully negotiated with our client and will run at a cost of £442 per week for up to 21 years.

BUILDING LAYOUT AND DESIGN
Burgess Boys Pet Care Centre is housed within the ground floor of a large, double fronted, three storey property within a parade of other shops and businesses. The shop is very well branded with lovely signage displayed above the main entrance and shop front. Inside, the unit consists of a well-stocked shop floor sales area of approximately 364 square feet with a customer service desk at the front and aquatic and livestock displays to the rear. Stock is displayed on wall shelving, central gondolas and cages, tanks and other enclosures as required. Below the shop is a cellar which comprises of a number of storage rooms, packaging room and two private office areas.All areas are presented well with good quality fixtures and fittings in place.To the rear is a large gated driveway with space for up to six vehicles and contains a secure storage unit. A modern EPOS system is used for stock control.

STAFF
Burgess Boys Pet Care Centre is currently operating with 3 part-time and 2 full-time members of staff in employment in addition to our client working on a part-time basis.

FINANCIAL DETAILS
Financial details are available upon a viewing of the business and Burgess Boys Pet Care Centre has traded solidly over its trading history. The business generates an annual turnover of £286,000 with gross profits of £122,980 with 5-10% of this being livestock sales.

SUMMARY
This is a superb opportunity to acquire a well-established, professionally managed and profitable pet shop with no immediate competition on a busy parade of shops in New Addington, near Croydon in Surrey.The business offers much scope for expansion by expanding the current website and online ordering service. Also, staff costs could be reduced with the introduction of a new hands-on owner operator with a good knowledge of animal care and pet supply.Early viewings are strongly advised. Summary The business offers much scope by expanding the current website and online ordering service

Fixtures & Fittings:
Coming Soon!

Opening Hours:
Mon - Sat - 8.30am - 5.30pmSunday - 9.30am - 3.30pm


Weekly Rent:
£442 Per Week.
Listing Details
Leasehold Price: £89,950
Tenure: Leasehold
Location: Croydon, London
Sector: Pet Shops, Commercial Properties
Financials
Annual Turnover: £286,000
Annual Net Profit: £30,000
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