Very Busy Fishing Tackle Shop For Sale

Business description

Summary:
Established in excess of 60 years and under the current ownership for the past 6 the business offers a full range of fishing equipment and bait etc for all variants of fishing and have recently started to offer mail order. The customer base is comprised by primarily regulars that come from within a 15 mile radius and the only advertising carried out is in some local publications and recently in the trade publications advertising mail order.

Turnover:
Accounts show a turnover in excess of £250,000 with a gross profit of 32%.

Potential:
There is obvious potential to continue the development of the mail order side of the business.

Stock:
To be sold separately at valuation: Approximately £90,000.

Rates:
Business rates payable of £3,650 including small business relief.

Legal Fees:
Vendors and purchasers to meet their own contractual costs; purchaser to meet the reasonable costs in establishing any new lease.

Property information

Property:

Leasehold

Lease terms:

A new lease is available with rent commencing at approximately £15,500 pa.

Location:

Total area of approximately 1500sq ft. The business has shutters in the front and is alarmed. Large sales area, bait room and kitchen. First floor flat currently used for storage which would require some work to be able to use as accommodation. The flat could be let out, if refurbished, for approximately £5,500 pa.

Other information

Reasons for selling:

The vendor wishes to take early retirement enabling him to have more family time.

Trading hours:

8.30 am to 6.00 pm Monday to Thursday and Saturday, 8.30 am to 7.00 pm Friday.

Financing available:

The business should readily support loan finance subject to status. For further information please contact Dedman Business Sales.

Contact the seller