Asking price: £55,000

Sales revenue: £140,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
For Sale this well established business with excellent potential for growth.

Established since 1968 it is now offered for sale due to the owners immediate plans to retire.

The business is currently staffed by the owners, a husband and wife partnership as well as one other part time member of staff.

The shop specialises in the retail of Tropical, Marine, Fancy Coldwater Fish, Pond Fish and Plants. This is complemented with a Full range of Aquarium and Pond accessories also offered for sale is a range of Pet foods ans accessories.

The business attracts customers from all over Lincolnshire but the regular customer base is drawn from within a 30 mile radius

The business has experienced increasing sales over the years and this trend is continuing.

The business is run at its current level with little advertising and operates from a spacious two floor premises situated on a busy main road with free unrestricted parking.

The premises are in 5 areas The first area Sales shop. The second room is Tropical and Marine Fish. The third is Fancy Coldwater fish. The forth area is a covered yard for Pond Fish sales this leads to a open garden currently used for growing and storing Pond Plants. The upper floor has three rooms they are used for storage, Office/Kitchen and maintance room.

Current stock at valuation is estimated around £10,000

Years established: 40

Employees: Owners plus 1 Part time

Trading hours: Mnoday, Tuesday, Thursday, Friday 10am to 5-30pm Closed Wednesday, Sunday and all Bank Holidays

Property: Freehold

Location
The business occupies a prime location on one of the main roads which carries traffic to and from the A180 it is within easy walking distance of the towns main shopping areas and superstores.

There is free unrestricted parking directly in front of the premises and on both sides of the street.

The surrounding area is a mix of business and residential properties

Over the last few years Grimsby has undergone major expansion development in the town centre and further a field. Grimsby is now considered a major food manufacturing town and within European Investment together with Yorkshire Food Development assistance, Grimsby has proven to be a successful location for many companies with the adjoining town of Cleethorpes, the population is circa 150,000 with a shopping catchment in the region of 200,000. The town also offers a major tourist attraction and is in the centre of the business for North East Lincolnshire.

Reasons for selling
Owners retiring

Related website: www.victoraquatics.co.uk