Pet Shop In Wimbledon Price Reduced For Sale

Business description

The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £250,000 pa. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because vendor wishes to emigrate .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.

Agents are delighted to place onto the market this thriving very busy pet shop which has been established since1999. The business has been in the hands of the current owner since March 2010 and he now wishes to sell in order to emigrate

Services
This very good business opportunity provides pets and accessories, pet hotel and dog and cat grooming.

Staffing
The concern employs 2 staff who are part time. They are paid at the rate of £7.00 per hour. The total wage bill is £23,520. There is also a manager who is paid£10,000. All staff would stay on after a sale.

Owners Role
The owners’ role is managing and working in the business and works full time.

Marketing
The owner markets the business in Yellow Pages with links to Face Book and twitter and has a website.

Competition
As far as competition is concerned there is none within the locality.

Market
The client base consists of local community and surrounding areas, business persons and tourists

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include tropical and other fish, pet grooming service and other animals.
• With an enhanced website.

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 information

Property:

Leasehold

Leasehold rent:

£30,000 per annum

Location:

- Situated in Wimbledon area of Merton in South West London.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- Local population consists of local community, business persons and tourists
- Area offers exceptional lifestyle.
- Very good / outstanding tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A219, A24, A297 and good railway links

Premises details:

The property is terraced and is part of a parade of shops and is approximately 140ft x 40 ft. The front is branded with an attractive glass front and a CCTV system. The main customer service area is tiled with a middle aisle and shelving and racking to the walls. It is very well presented and is very conveniently laid out.

To the rear is a store room. There are a toilet and staff facilities and a fully small kitchen.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include tropical and other fish, pet grooming service and other animals.
• With an enhanced website

Competition / Market:

As far as competition is concerned there is none within the locality.

Reasons for selling:

Emigration

Trading hours:

Monday to Friday - 10.00 – 1800, closes 19.00 on Thursday
Saturday – 10.00 - 1800
Sunday – 11.00 – 17.00

Employees:

The concern employs 2 staff who are part time. They are paid at the rate of £7.00 per hour. The total wage bill is £23,520. There is also a manager who is paid£10,000. All staff would stay on after a sale

Years established:

1999

Other information

Support & training:

Phoenix Business Transfer Agents are delighted to place onto the market this thriving very busy pet shop which has been established since1999. The business has been in the hands of the current owner since March 2010 and he now wishes to sell in order to emigrate

Furniture / Fixtures value:

£25,000 (included in the asking price)

Inventory / Stock value:

£25,000