Asking price: £140,000

Sales revenue: £210,065

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales are delighted to have been instructed to offer to the market this extremely well established and popular pet shop with excellent future potential.

Founded by the vendors over 28 years ago, the business is only now being reluctantly offered for sale as they wish to retire.

Our clients have an excellent local reputation with turnover showing good year on year increases.

The business runs on lines of a traditional pet shop offering a large selection of pet foods, supplies, bedding, medicines and grooming products as well as small animals and cold water fish with cages and aquariums.

The shop has access to over 25,000 lines and will take orders for any items not stocked with delivery normally within 2 days.

The 2 vendors work full time in the business and employ 6 part time staff, 5 work on Saturdays only and 1 works 3 hours a day for 4 days per week. They achieve excellent annual sales of circa £216,000.

The business has a large stock selection which ensures most customers’ needs are fulfilled in one visit.

The pet shop has no local competition, with the nearest being over 8 miles away.

The rent for the shop is only £14,250 per annum, which is relatively low for this upmarket area.

We are advised that stock at cost is approximately £15,000.
REF: 9307MK

Years established: 28 years

Employees: The 2 vendors work full time in the business and employ 6 part time staff

Trading hours: Mon-Sat: 9.00am – 5.30pm

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 5 years Remaining lease: 1 year Review every: 5 years Rent: £14,250 P.A. We are advised that the annual business rates are currently: £4,000

Location
The pet shop has an excellent unopposed high visibility high street location in a very upmarket town in Buckinghamshire.

The shop is situated on a high street with all the usual mixture of popular businesses including restaurants, public houses, estate agents, post offices, building society, takeaways, clothing, chemists and many more who all contribute in attracting large footfall levels to the town.

Parking is free of charge along the high street; nearby towns include Bletchley, Milton Keynes and Buckingham.

Expansion potential
Our vendors clearly have a very successful business, it does however, still offer excellent scope to increase both sales and profits by: 1. Offering small animal bording, while people are away on holiday 2. Selling tropical fish as well as cold water fish 3. Having their own website and offering internet sales 4. Pet grooming 5. Breeding their own small animals 6. Having a home delivery service to outlying nearby villages

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