Asking price: £72,000

Sales revenue: £150,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Aquatic Business - Leicestershire
Located in a parade of shops in a large residential area
2 x double bedroom accommodation above the shop
Turnover £150,000 pa with high gross margins
Early viewing essential to fully appreciate
Well respected and renowned business
Quality display and filtration system
Equipped to a very high standard
Huge growth potential
LEASEHOLD

Business History

Meridian Business Sales are delighted to offer to the market this well established and equipped aquatic business that has been in the careful hands of our clients since 2004 and is only now being offered to the market due to our clients desire to take a well earned retirement.

Since our client took ownership of the business they have embarked on a full refurbishment program to all areas of the business upgrading all of the display tanks and filtration systems culminating in a true walk-in and trade business.

Our clients have continually improved and updated the business by offering new and profitable income streams such as the introduction of coral from Australia and aquatic plants both of which have proved popular and profitable to their clientele.

Our clients inform us that the current turnover is £150,000 pa at a gross margin of 50%. This is derived from the sale of all things aquatic to include tanks, pumps, tropical and specimen fish plants, coral tank and pond accessories all showing a year on year growth.

The business enjoys a strong local reputation and as such has high levels of loyalty and repeat trade. The business is also well known within the enthusiasts and therefore stocks and sells more of a wide variety of products bringing custom from far afield.

Meridian Business Sales recommends early viewing to fully appreciate the quality and growth potential of this business.

Property: Leasehold

Lease terms
Leasehold Original length: 10 years Remaining: 5 years Review: 3 years Rent: £10,000pa

Living accomodation
Well presented and maintained 2 storey lock up retail unit in its own courtyard with parking and 1,000 sq ft in total sales space, breifly comprising: GROUND FLOOR Main entrance leading to open plan sales area with large showroom with banks of tanks displaying fish and other aquatic products [130 in total], flooring is carpet tiles, sales desk with electronic cash register and shelving for storage, further tanks with aquatic plants, large display tank for coral, shelving and slat wall system to all walls adding further display of pond and tank accessories, high quality and value filtration systems, kitchenette and toilet, access to rear yard via double doors and staircase to first floor FIRST FLOOR Large landing and owners flat briefly consists of:- 2 x double bedrooms 1 x family sized bathroom with 3 piece suite 1 kitchen with base and wall units tiled surrounds. 1 x large lounge. EXTERNAL Rear yard with parking.

Location
This well established aquatic business is located in the centre of a large residential area in the popular town of Hinckley in Leicestershire. The business is situated in a parade of complimentory businesses that bring all year round footfall to the area. Hinckely is a large town north of the city of Leiceseter with easy accses via the M69 and M6 motorways to the city of Birmingham and Coventry.