Well established Pet Supplier business for sale

Undisclosed, Northumberland

Status

FOR SALE

Date Submitted:

26/05/21

Advert ID

277194

Reference

B06161 / Rightbiz
Leasehold: £179,995
Annual Turnover: £287,606
Business
Please quote reference B06161

Hilton Smythe welcomes to the market an exciting opportunity to acquire, on a leasehold basis a well-known and performing pet supplies business.

The business has been under the careful and meticulous ownership of our clients since 1992 and who have grown the business to be the success it is today. The business has only now been introduced to the market as it is our clients’ intentions to semi-retire.

The business has an excellent reputation for quality pet products, service, and knowledgeable staff. They specialise in premium brand foods & natural treats as well as being known for the quality of accessories. The business also invested in a kitchen / production area to start baking dog treats and cakes, but after consultation with DEFRA this was due to start 2020 but delayed due to Covid and is something a new owner could easily introduce going forward. In addition to the pet store the business also offers a premium Key cutting service, this was introduced around 5 years ago and again a good reputation has built during this time.

We feel there is scope to increase turnover, with the undertaking of a robust local marketing campaign, via social media and press along with the updating of the dedicated website to further enhance sales by offering online shopping for core products.

This is an outstanding turn-key business which offers a new owner the opportunity to take this popular business to the next level

Hilton Smythe highly advises early viewing to avoid disappointment.



Location
The business occupies a prime trading location within the busy and popular area and benefits from being surrounded by a host of complementary independent traders leading to a good level of footfall along with passing trade. Due to it being a tourist area, the business receives alot of trade from tourists. 



Premises
The business is located in an attractive grade 2 listed, traditional double fronted property featuring carved woodwork including original fox heads which prove to be a good talking point.
Ground floor comprising, main shop area, key cutting room, and office area.


The main shop area is finished to a high standard with the main walls fitted with slatwall panelling. Sales floor area has six moveable oak effect gondolas, built in counter area in traditional wood with downlights above, suspended ceiling with recently fitted LED panels, further pet bed display area to the rear of the main shop along with key room, fitted for key cutting, including 2 key cutting machines with key blank display boards on walls.

First floor showroom, currently used mainly as a bed display room and larger stock items such a pet crates cat scratcher with purpose-built display units built on two walls with a third panelled with slatwall and windows to the rear of the premises.

Kitchen/ stores area
Fitted Kitchen with full length worktop with sink unit, and hot water storage heater over. Fitted oven, under bench fridge, microwave and equipment for baking dog treats and cakes. Walls are shelved for extra storage.
Toilet area comprising toilet, wash basin with water heater over. Walls also shelved for extra storage.




Tenure
We are advised that the business is being sold on a Leasehold basis, with a new lease & rental agreement to be negotiated. The virtual freehold could be available on a seperate negotiation. 



Hours
The business hours are -

Monday – 09:00 - 17:00
Tuesday – 09:00 - 17:00
Wednesday – 09:00 - 17:00
Thursday – 09:00 - 17:00
Friday – 09:00 - 17:00
Saturday – 09:00 - 17:00
Sunday - (Open on shorter hours between April to October)




Staff
We are advised that the business is owner ran and managed, with the help of 2 other full-time staff members (3 in total).



Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £287,000, with an adjusted net profit in the region of £75,000. Full financials can be made available upon further request. 

Please quote reference B06161



Contact Agent
Advert Reference:
B06161 / Rightbiz
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