Established Lincolnshire Pet Shop with Online Presence for Sale
Undisclosed, Lincolnshire
- Status
FOR SALE
- Date Submitted:
15/12/23
- Advert ID
603967
- Reference
B07702 / Rightbiz
- Call Agent:
- Leasehold: £299,999
- Turnover: £589,852 (£11,343 Per week)
- Net Profit: £52,028 (9% Profit margin)
Business Details
Extremely well established Pet Shop for sale
BusinessPlease quote reference B07702
CoGoGo are delighted to welcome to the market a highly rated and well respected Pet Shop in Lincoln.
This well established business opportunity was founded by our client over 40 years ago, building up an excellent reputation and loyal customer base. As seen by the online ratings and reviews, the business is extremely popular.
It's now come to the open market due to our clients desire to spend more time with family.
The business sells a massive range of products including;
- Pet Foods
- Collars
- Chew Toys
- Dog and cat beds
- Grooming products
- Training aids
- Small animal cages and enclosures
- Animal hutches and runs
- Medication and disinfectants
- Pet bedding
- Cold water and tropical fish
- Pond fish
- Pumps and heaters
- Water treatments
- Pond and aquarium accessories
- Budgies, Canaries and Parrots
- Bird cages
- Wild bird seed
- Horse foods
- Seasonal bedding plants
The business holds a transferable pet shop licence that allows the sale of livestock including rodents and birds.
Customers can shop instore or the business offers a local delivery service.
The sale will include the company website and social media platforms and the business enjoys great visibility online with impressive reviews.
Key selling points -
- A well established business with an enviable reputation and many existing customers
- Current owner happy to offer a handover to ensure the continued success of the business
- Prime trading position with loads of footfall
- Ideal owner managed or partnership business
- Perfect bolt on to an existing pet business looking for a foothold in Lincoln
- Advertising and Marketing campaign
- Maximise the use of social media
- Add an e-commerce facility to the existing website
- Invest in SEO and PPC to drive new customers to the business
- Extend the opening hours
Location
The pet shop is located in Lincoln.
The business is nicely presented and maintained with clear visible signage. The business sits alongside other complimentary retail businesses and thus benefits from high levels of footfall.
There is free parking immediately outside the premises.
Premises
The business occupies generous premises ideally suited to the trade comprising a large retail shop and warehouse. There is also a separate lock up that can be included if required.
Tenure
We are advised that business is being sold on a Leasehold basis, currently on a 15 year lease. The rent is £18,664 per annum.
Hours
The current trading hours are -
Monday to Friday - 9:00am - 5:30pm
Saturday - 9:00am - 5:00pm
Sunday - Closed
Staff
We are advised that the business is run and managed by our client, with the help of 5 full-time staff members.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £590,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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