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Leading Retailer of Fishing Tackle & Bait offering an excellent stock of fishing accessories London

Undisclosed, Undisclosed
Status
FOR SALE
Advert ID
258084
Reference
AH137 / Rightbiz
Leasehold Price: £60,000
Annual Turnover: £107,293
Annual Net Profit: £12,116

Leading Retailer of Fishing Tackle & Bait offering an excellent stock of fishing accessories On-Line shipping across the UK
Ref. AH137
Location : Stansted, London
Asking Price : £60,000 Stock at Valuation

Established in 2005, this business is a major supplier of a huge range of fishing accessories from top fishing equipment manufacturers. The business has grown in reputation and offers everything a fishing enthusiast could want. Ranging from top class manufactured rods and reels through lines hooks and trolleys and tents. In addition the shop has a massive following for its bait variations, which are made and bundled on site.

Working very closely with its suppliers it is able to offer certain top end eqipment not available easily elsewhere.

Operating seven days per week out of very well suited, leasehold, retail premises, this company is very well managed and easy to run. The cornerstone to the success of the business has been the excellent customer relationships this business has built up over its years of operation. Offering a highly personal service, this business has built up a very loyal, repeat customer base particularly amongst the affluent local residents who regard this business as ‘their’ shop. This approach has paid exceptional dividends with the business performing consistently well throughout its many years of operation.

Equipment

Fully fitted racked premises along with PDQ system for credit card use.

Customer Service:

Being owner run, the business prides itself on great customer care and after service.

Key Strengths:

Reputation and the availability of a vast level of stock

Key Opportunities:

This business is operating in a growing market. With a strong demand for the products of this business, combined with a capacity to increase turnover, a new owner contributing fresh ideas, drive and enthusiasm will have every advantage of building on an excellent platform.

The business currently offers most things within the sector in which it operates – but is very much a traditional retailer. The development of a website – perhaps incorporating an e-commerce facility would enable the business to increase awareness of its product range and service, as well as extending its geographical reach beyond the normal retail boundaries.

Growth and Expansion:

By developing the web presence a new owner could increase profits by more than 50%

Financial profile:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover for 2017 £107,293
Gross Profit £32,764
Operating Profit £12,116

Premises:

Very large shop premises with a useful front terrace. The total surface area amounts to 3,000 sq. ft. along with a further 1,500 sq. ft of storage and workshop area. Rent and rates cost a total of £8,917 inclusive per annum.

Business Hours:

Monday to Saturday: 08:30 – 17:30
Sundays: 10:00 - 12:00 noon

Employees:

The company is solely owner run

Support and Training:

The current owners will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business and continuity of trading.

Reason for Sale:

The owner’s father has been running the business and now is looking to retire.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Listing Details
Location: Undisclosed, Undisclosed
Sector: Fisheries, Fish And Chips Shops, Internet Businesses
Key Features
  • Attractive Business
  • Established Business
  • Prime Location
  • Company for Sale
  • High Turnover
  • Unique Business
Contact Agent
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Advert Reference: AH137 / Rightbiz

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