Busy Pet Supplies Business In Prime Position For Sale

Business description

LOCATION
Tavistock is set on the southern boundary of Dartmoor National Park serving as a dormitory area to Plymouth city and having easy access to Derriford Hospital. The town has considerable character, appealing not only to those who work in the area but to many who retire to this appealing area of Dartmoor and wooded valleys, many classified as areas of Outstanding Natural Beauty. For the retired it is a haven with the town and country being close to hand favoured by walkers and their canine friends.

BUSINESS
West Street is one of the busiest streets in Tavistock with a high level of footfall. The shop is double fronted and is in a prominent location giving regular customer trade.

The shop has a service counter and ample shelving for display purposes. This business is well stocked and offers a wide variety of goods to cater almost all pet owners requirements. The vendor has chosen not to renew their Licence to sell pets but if required this should not be a problem for any new purchaser. A full inventory will be available for any prospective purchasers.

A website was created which increased the enquiry rate from those visiting the area, but this now needs some attention and be re-instated to increase turnover for those visiting the area.

Internal width of shop 6.86m x 4.11m (22'6" x 13'6"). After 4.11m (13'6") shop depth, the width decreases to 5.18m (17') with a further depth of 10.51m (34'6"). The overall area of the shop is approximately 855 sq.ft.

LEASE
The rent is payable half yearly in advance. Interior repairs and five year decoration forms part of the tenant's responsibility. The present lease is for a 15 year term which started 29th May 2001. Current rental £16,000 p.a.
excluding rates and other outgoings.

We are informed that a new long lease, subject to references and terms should be available through the Landlord.

The vendor is willing to sell the shares of the company or assets of the company.

ACCOUNTS
Turnover for the business exceeds £200,000 with gross profit approximately 33%. A set of the accounts are available to any prospective purchaser once a viewing has taken place.

STAFF
It is a single proprietor operation with one full time member of staff and an occasional part time member of staff.

STOCK
Stock value held on average is in the region of £20,000 according to the time of year.

HOURS OF OPENING
Monday to Saturday 8.30am to 5.00pm.

RATEABLE VALUE:
£16,000 per annum. Subject to review.

PLANNING USE
A1 Retail

Please click on the Contact Seller button below for further information.

Property information

Property:

Leasehold