Asking price: £39,000

Sales revenue: £88,000

Net profit: £20,000

Fixtures value: £5,000

Stock value: Undisclosed

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 £88,000 with a net profit of £20,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because the owner has a daughter to look after.
• An easily run operation.
• A good first time buyers business especially for an animal lover.
• Quality products offered with very high gross profit.

Phoenix Business Transfer Agents are delighted to place onto the market this well run pet accessories shop which has been established since 2004. The business has been in the hands of the current owner since 2004 and he now wishes to sell due to being a full time carer to a very young baby daughter.

This very good business opportunity provides premium pet foods and accessories for all types of pets.

The concern employs 0 staff.

The owners’ role very hands on and he works full time whilst also looking after his daughter. He looks after her in the shop with him.

The owner markets the business in local papers and sports centre and on the internet. There is also a website which has e- commerce capabilities.

As far as competition is concerned there are other shops in the locale but they do not provide the same items.

The client base consists of the discerning pet owner.

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 opening hours to include longer hours and Wednesday.
• Increasing the product line to include other products.

The owner would be available for a business familiarisation period of one week 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.

Financial Details
The present turnover is £88,000 per annum with a gross profit of 30% and a net profit of £20,000. The wages are £0. The present value of the stock is £15,000 and the fixtures fittings and equipment are worth £5,000.
In 2007, the turnover was £72,023. The potential turnover of the business within the next 2 years is forecast to reach £120,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Trading hours: The business operates from Monday to Friday between 10am and 5 pm, except on Wednesdays when the business is closed. On Saturdays the hours are 10am to pm.

Property: Leasehold

Lease terms
The original length of the lease was 6 years with 6 years remaining. The rent is £6,250 pa with a review in3 years. The rates are £800.

Location
This superb business opportunity is situated in Walkford near Christchurch which borders the Counties of Hampshire and Dorset .It is on a main arterial road and enjoys much traffic flow and there is a good foot flow of pedestrians. There is a residential area surrounding the property and it is within a commercially thriving part of the area. There is ample free parking nearby.
The area attracts many shoppers who use the area on a daily basis and there are many local facilities including banks and many other retailers. There are also busy industrial estates nearby.
The location is well linked with the M27. The business has clientele from a 15 mile radius. The locale offers a good lifestyle opportunity.

Reasons for selling
The business has been in the hands of the current owner since 2004 and he now wishes to sell due to family comitments.