Hertfordshire Leasehold Diving School And Retail Outlet For Sale

Business description

• Established 2000
• Scope and range of products and services developed steadily over last decade
• Now offers full service to diving community and a “one stop shop”
• New “in house” diving pool under construction

REASON FOR SALE
• Vendor has re-located outside Hertfordshire

PRODUCTS

Full range of diving equipment:
• Suits
• Regulators
• Masks
• Fins
• Snorkels
• Cylinders
Accessories including:
• Cameras
• Computers
• Watches
• Polo shirts

Exclusive agent for Poseidon and Mares in Hertfordshire, Essex and Cambridgeshire.

Member of SITA (Scuba Industries Trade Association)

SERVICES

• Full range of diving courses all accredited by PADI (Professional Association of Diving Instructors)
• Training undertaken from basic to advanced levels including instructor development
• Equipment servicing and repairs, including regulator servicing, cylinder testing, and suit repairs
• Very full and regular range of dives and activities for adults, children and advanced divers based in the UK and overseas, including holidays
• Full range of equipment for hire
CUSTOMERS

• Database of some 2,000 customers
• 70/30 split in relation to holiday/home divers

SUPPLIERS

• Retail stock sourced from a number of main industry players including Mares and Poseidon.
• Holidays and diving activities sourced arranged in house or through specialist companies

FINANCIALS

Annual Turnover: £148,352
• Business is split into 2 limited companies - retail and diving school
• Overall gross profit margin circa 45%

STRENGTHS

• Vast range of equipment and services offered
• PADI accredited to 5 star standard
• A fully functional website
• Excellent reputation
• New diving pool facility
• Proximity to London and M11
• Loyal customer base
• Expanding leisure market
REF: 9572CM











DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property information

Property:

Leasehold

Lease terms:

Original Lease: 12 years
Lease Remaining: 11 years
Rent: £12,500 pa
Rates: £4,000 pa

Location:

• Bishop’s Stortford in Hertfordshire
• Close to Junction 8 M11 and Stansted airport
• Retail premises, office and workshop located on modern industrial estate

Premises details:

Modern industrial unit comprising
• Retail shop
• Marble counter
• Full electronic point of sale system
• Workshop
• Office
• WC
• Kitchen area
• Shuttered
• Alarmed

Equipment includes:
• 18 full diving kits
• Compressor and tank testing equipment
• Renault Traffic 53 plate van beautifully sign written
• In house diving pool under construction at a cost of £30,000.

Business Operation

Expansion potential:

• Increased focus on internet sales and eBay
• Exploitation of new diving pool facility
• Expansion with additional retail sites
• Focus on gross margin

Reasons for selling:

• Vendor has re-located outside Hertfordshire

Trading hours:

Shop:
Mon – Sat: 10am - 6pm

Diving activities vary

Employees:

• Retail element run solely by vendor • Training run by vendor, assisted by 8 qualified instructors (part time, often voluntary) and 2 assistants (part time)

Years established:

10 Years

Other information

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