Fishing Tackle Shop For Sale

Business description

This is a managed business, established for in excess of 20 years, and under the current ownership for the last 7 years, with an impressive reputation in the market place. The business is offered for sale through The Business Partnership due to other business interests of the owners and would readily suit a new enthusiastic owner willing to get heavily involved in the day-to-day running of the business.

The main element of trade is fishing tackle, stocking all of the major brands including Abu, Maver, Drennans, Sensas, and many more. In addition to fishing tackle and accessories, the business retails winter clothing and ammunition. There is potential to develop into associated lines, such as pet foods. The turn-over for the last financial year was £138,000 a gross profit margin of 30%. Included in the sale are a bait fridge, separate counter fridge, the company name, contact details, associated trademarks and trading accounts with all the major brands.

Our Opinion: A long established business with the kind of reputation in the market place that stands a new owner in good stead to continue the excellent work carried out over the years. Turn-over has dropped slightly in recent years and the owners strongly believe that an injection of new enthusiasm for the business from a purchaser together with additional marketing effort would readily increase the turn-over again.

Description:
The Business Partnership are very pleased to be marketing for sale this long established fishing tackle shop, based in a North Warwickshire market town.

The shop has been operating successfully for many years now and turn-over is in the region of £138k generating a gross profit of £42k. With low overhead there is sufficient profit available for a new owner and the shop offers excellent potential for development in the right hands.

The shop is currently operated on a managed basis and would probably best suit an enthusiastic new owner with knowledge of angling and the desire to push the business and realise its full potential.

The business is realistically priced for a quick sale and all serious offers will be given due consideration. For further details please contact The Business Partnership Coventry Office.

Trading Hours:
9am to 5pm, Monday to Saturday

Property information

Property:

Leasehold

Lease terms:

Currently outgoing rent payable is £7450 per annum on a renewable lease, to August 2013. The landlord would consider negotiating a new longer term lease with a purchaser should this be required.

Business Operation

Reasons for selling:

Other business interests

Trading hours:

9am to 5pm, Monday to Saturday

Employees:

1 manager plus 1 part-time staff member

Years established:

20+