Well Established Fishing Tackle Retailer For Sale

Business description

Summary:
Established by the current vendor over twenty two years ago the business carries a full range of fishing tackle and bait primarily for fresh water fishing but also some sea fishing. The customer base is comprised of many regulars, locals and customers that travel up to twenty miles. No advertising has been carried out and the business has grown by reputation which is enhanced by the extensive stock held.

Turnover:
We are informed that the turnover for the last financial year was £221,257, which was a 10.9% increase on the previous year, with a gross profit of approximately 33.0%.

Stock:
To be purchased separately at valuation:approximately £100,000.

Rates:
Rateable value of £6,300 with rates payable of £2,540 pa.

Legal Fees:
Purchasers to meet their own contractual costs, the vendors reasonable contractual costs, and the reasonable costs in establishing any new lease.

Property information

Property:

Leasehold

Lease terms:

The business is available leasehold with a new lease available, starting rent of £10,000 pa.

Location:

Total shop and storage area just in excess of 1,000 sq ft. Fully glazed front, the shop is very long with counter at the entrance end and display racking throughout. Small store room. Exterior includes bait store with cold room.

Other information

Reasons for selling:

Early retirement. The vendor is also a firefighter who will retire shortly.

Trading hours:

9.00 am to 5.30 pm Monday to Saturday.

Financing available:

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

Contact the seller