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Excellent Fishing Tackle Business Situated in Wick

Caithness, Scottish Highlands
Freehold Price:
£120,000
Status
FOR SALE
Advert ID
251298
Reference
Hugo Ross Fishing Tackle / Rightbiz
  • Premier fishing tackle business in the North of Scotland in an outstanding central location within the popular town of Wick.
  • Detached unit with ground floor trading and administrative area extending to 93m2, with a large picture window to the front offering sound displays and branding.
  • Open-plan shop with fully functioning CCTV and alarm system.
  • Trading profitably but with significant scope to increase turnover further.
  • First-floor office / storage space (c20m2) with potential to extend over flat roofing to the rear aspects.
  • Private parking for up to 6 cars.

DESCRIPTION
Situated in the town of Wick, Hugo Ross Fishing Tackle Specialists enjoys a year-round, strong and loyal local customer base plus significant patronage from visitors who benefit some of the finest fishing in Scotland; from Trout fishing on quality trout lochs such as Watten & St Johns, to salmon fishing on the rivers Wick and Thurso. Within a prominent trading situation, this destination retail unit generates a high level of footfall. The shop is well-equipped with a wide range of merchandise but is also a focal point providing expert advice on all local fishing, helping those undertaking the sport of fishing to gain the most from their pastime. 

The property has an attractive picture window to the front and benefits from strong branding. The sales and ground floor areas extend to around 93m2. This attractive space is fitted out with display slat-walling plus a wide range of free-standing displays. There is an ‘L’ shaped service counter to the rear retail space with a spacious office area and staff facilities accessed from behind the counter. There are stairs which leads to a first-floor unit which is predominantly used as a storage facility with a total area of around 20m2. This space could be used as a standalone office etc. as it has its own bathroom facilities.

TRADE
This charming and popular retail business is renowned as the leading fishing tackle shop in the North of Scotland, offering a wide range of fishing equipment and ancillary items. In addition, the shop is also a registered fire-arms retailer selling a selection of shooting related items. Income is also generated through the sale of outdoor clothing, books, field sports gift items etc. Turnover is supplemented from the hire of fishing boats and permits which are currently owned by the vendor but will still be available to any new owner through agreement. The business has an on-line presence through both the shops website and Facebook plus ancillary websites. There is scope to enhance sales via the internet / Ebay etc.  

The shop is open from 8am to 5pm Monday to Saturday during the main season (April to September) with reduced hours in the winter. The business operates with only casual staff on an as needed basis; the unit functions perfectly well with a single attendant. The vendor would be willing to provide any new owner with an extensive handover, making introductions to local contacts and service / supplies providers.  The shop has a private car park to the rear suitable for 6 vehicles.  

LOCATION
The population of Wick is c7500 but with a much broader catchment area. Tourism is one of the main sources of income to the area within the main season being highly popular with walkers, cyclists, ornithologists, archaeologists and, of course, anglers. Notably, Caithness is famed for its field sports, with some of the best trout and salmon fishing in Scotland on the many rivers and lochs in the area to include; Loch Watten, Loch Toftingall, Loch St John and Wick River plus many others. The Old Pulteney distillery (the most northerly mainland distillery) is a popular attraction as is the active harbour and the 18-hole golf course. In terms of infrastructure the town is very well supported and benefits from excellent primary and high schooling, welfare and medical facilities, leisure resources and communication links with a railway station and airport. 

REASON FOR SALE
The current owner has operated the business as a going concern for over 25 years. It is his desire to retire from the retail sector that brings this charming opportunity to the market. 

THE PROPERTY
The business is a 2-storey property with the shop trading area utilising the ground floor and storage on the first floor.  Dating from the 1970s, the building is constructed of double-leaf concrete block with a cavity and rough casting finish. The windows are timber double-glazed units. The flat roofing is mineral felt covered. The retail aspects are accessed from the main street through a single door via steps. The first-floor unit is accessed from within the main retail unit.  The property has a large timber framed display window and the business signage to the front is of a good standard.

Internally the sales and administration area are around 93m2. ‘L’ shaped display counters show off a good range of stock. The shop has wall-mounted display units and free-standing cabinets. To the rear of the customer service area is a compact workshop, storeroom and staff facilities including W.C.

The first-floor space is accessed from a stair case into a corridor with a bathroom and separate office / storage area off; the floor area extends to c20m2. There is scope to develop the first-floor units across the flat roof of the rear floor, subject to consents. 

PRIVATE ACCOMMODATION
There is no owner’s accommodation with this property.

SERVICES
The unit benefits from mains electricity, water, gas and drainage. The ground and first floor units benefit from gas central heating. The subjects have an alarm system and CCTV cameras. 

Listing Details
Freehold Price: £120,000
Tenure: Freehold
Location: Caithness, Scottish Highlands
Sector: Fisheries, Retail, Sports Shops
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
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Advert Reference: Hugo Ross Fishing Tackle / Rightbiz
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