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15-Year Established Aquatic Pet Shop in West Wickham, London Up for Sale

West Wickham, London

CONFIDENTIAL SALE

  • Status

    UNDER OFFER

  • Date Submitted:

    11/04/24

  • Advert ID

    609635

  • Reference

    B07565 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £9,995
  • Turnover: £88,732 (£1,706 Per week)
  • Net Profit: Not Applicable

Business Details

Well established aquatic pet shop for sale

Business
Please quote reference B07565

Hilton Smythe are delighted to welcome to the market The Aquarium West Wickham, highly rated aquatic and reptile shop in West Wickham, Kent. 

This well established business opportunity was started our client in 2008, building up an excellent reputation and loyal customer base. As seen by the online ratings and reviews, the business is extremely popular. 

The Aquarium West Wickham has now come to the open market due to our clients desire to pursue other business interests. 

The Aquarium West Wickham are a reptile and aquatic specialists, selling a wide range of fish and reptiles. They also have a large choice of food and accessories and have an excellent choice of aquariums, vivariums and garden pond supplies. The trade is currently in store sales only, with the potential to add online sales. The business is well known within the area, with over 10,000 customers on their database.

Key selling points -

  • 3 star rating pet shop license
  • Excellent online reviews – 4.5/5 on Google & 4.9 on Facebook
  • Lots of potential for online sales growth
  • Over 15 years trading history
  • Over 10,000 customers on the database
  • Excellent location
Scope for further growth -

  • Extend current range
  • Increase the online ordering side of the business
  • New online advertising
  • Increase social media advertising
  • Open Sundays
 



Location
The Aquarium West Wickham is located on Station Road, an excellent location in the centre in the main shopping area in West Wickham, Kent.

The business has eye catching signage, receiving high levels of footfall and passing trade. 

The store is placed between Sainsburys and Boots, with a well used bus stop directly outside. A car park within a couple of minutes walk, and a staff parking space to the rear of the shop, which is an area not used by the general public. 



Premises
Ground floor -

  • Retail area
  • Kitchen/staff room including 6 x 2.5’ quarantine tanks
  • Seperate toilet
  • Small storage area


Tenure
We are advised that the business is being sold on a Leasehold basis, the lease is due to exprire in March 2025. The rent is £18,500 per annum. 



Hours
The current trading hours -

Monday to Tuesday & Thursday to Friday - 9:30am - 4:00pm

Wednesday - 9:30am - 1:00pm

Saturday - 9:30am - 4:00pm

Sunday - Closed



Staff
We are advised that the business is run and managed by our clients. 



Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £90,000. Further financials can be made available upon request. 



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THIS BUSINESS IS NOW UNDER OFFER

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.

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The data showed regarding this advert 'Well established aquatic pet shop for sale - B07565 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.