FOR SALE
632809
The pet supply shop in Portchester, Hampshire, has been a staple of the community for 34 years, having been established by my wife and me in January 1991. Our business is known for its diverse range of products catering to all pet needs. The delivery service we provide has been particularly well-received by our customers, further solidifying our community-focused approach.
Our shop features a well-organized layout, allowing customers to easily navigate through visible product categories. This attention to detail enhances the shopping experience and encourages repeat visits. Located in a bustling shopping precinct, the store benefits from nearby amenities, making it an attractive destination for pet owners.
In terms of competition, we primarily face challenges from local supermarkets. However, our longstanding presence and focus on customer service give us a unique advantage. We take pride in our comprehensive inventory and have ensured that all fixtures and fittings are included in the sale price, providing an easy transition for new ownership.
The business has maintained a consistent rate of turnover, with inflation contributing to a gradual increase. The established annual turnover is approximately £185,000, along with an annual rent of £14,106. We have three part-time employees who contribute to our operations and enhance our customer service.
As the current owners, we are considering selling the business as we prepare for retirement. We also recognize the importance of a smooth transition and are willing to offer training opportunities for the new owners. Currently, we maintain an online presence through our Facebook page, which could be expanded upon to enhance customer engagement.
This leasehold opportunity is available at an asking price upon request. With detailed accounts available and a solid reputation established over decades, this pet supply shop represents a unique chance for new owners to step into a thriving business.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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