Alton Hampshire Pet Shop For Sale

Business description

Business Details
The particular highlights of the business are:
- A well established business being part of a local chain of 2 businesses.
- Good loyal clientele.
- Fully equipped business with very favorable lease terms (see below).
- Turnover in excess of £125,000 with a net profit of £30,000 (see financial summary below).
- A business with great potential which has not been exploited because the owner now wishes to retire.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for an investor or a partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a variety of pet related products.

History
Phoenix Business Transfer Agents are delighted to place onto the market this growing pet supplies outlet which has been established since February 2008. The business has been in the hands of the current owner since inception and he now wishes to sell due to retirement.

Services
This very good business opportunity provides horse feed, poultry feed, chicken houses, bulk seeds, dog and cat food, some livestock, rabbit hutches, and many other products. The average spend per head is £15.

Staffing
The concern employs one part time and one full time member of staff.

Owners Role
The owner is involved in the day to day running of the business on 2 to 3 days per week.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
There is no local competition.

Market
The client base consists of all types of pet owners.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings, local and internet advertising.
• The business will enjoy natural organic growth.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Property Details
The premise is very spacious measuring around 2400 sq ft. it has a large array of display racking and shelving with a customer service point to the rear of the business.
The staff facilities are shared with the nursery.

Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £10,000.

Financial Details
The present turnover is £125,733 per annum with a gross profit of 38% and a net profit of £30,000. The wages are £12,480 pa. The present value of the stock is £20,000.
The potential turnover of the business within the next 2 years is forecast to reach £250,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 1 year with 1 year remaining. The rent is £7,800 pa with a review in 1 year. The lease may be renewable or negotiable for longer term if required. The rates are £2,940 pa.

Leasehold rent:

£7,800 pa per annum

Location:

This business is part of a large nursery which is 1.5 miles from Alton in Hampshire. It consists of a nursery and a café as well as this business and has approximately 85,000 or so visitors annually.

Premises details:

The premise is very spacious measuring around 2400 sq ft. it has a large array of display racking and shelving with a customer service point to the rear of the business.
The staff facilities are shared with the nursery.

Size in square feet:

2400 sq ft

Business Operation

Competition / Market:

There is no local competition.

Reasons for selling:

Owner wishes to sell due to retirement.

Trading hours:

Monday to Saturday: 9.30 am – 8.30 pm.
Sunday: 10.00 am – 4.00 pm.

Employees:

The concern employs one part time and one full time member of staff.

Years established:

2 Years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£10,000 (included in the asking price)

Inventory / Stock value:

£20,000