| (REF: NW010020) Exceptional Pet Shop - Lancaster |
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| Seller Reference: |
NW010020 |
| B4S Reference: |
28642 |
| Asking Price: |
£38,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£155,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Lancaster, Lancashire, United Kingdom |
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LOCATION
The business is situated in a prominent position in the busy indoor market in the centre of the historic City of Lancaster. It occupies a good trading position on the lower ground floor opposite the main stairs allowing maximum customer footfall. The merchandise is well displayed on good ranges of wall and walk-round fixtures and the area to the front of the unit is also utilised as an additional display area. Lancaster supports a successful commercial mix of retailers. It is attracting a significant amount of inward commercial investment, including many city centre residential developments and is ideally positioned, being close to the M6 motorway, within easy reach of The Lake District and all its attractions, and even closer to the natural beauty of the Morecambe Bay.
THE BUSINESS
This is a long-established business having been in our clients' hands for c10 years and is now only for sale due to our clients wish to concentrate on other business interests. This is an easily managed business with regular hours, and our client will give any necessary help/advice to the new purchaser.
The business sells a variety of pets including, Hamsters, Guinea Pigs, Rabbits, cold water Fish and Budgies. The vendor has informed us that the licence to sell the animals is included in the price and can be transferred to the purchaser. Once the licence is transferred the purchaser may be required to study for a Small Animal Care qualification but this is not compulsory. The business also sells all related accessories for small animals including food, toys, treatments and even clothing! There is scope to introduce tropical fish, and the vendor has also informed us that a website could be introduced, giving much potential for the purchaser to progress the business.
Sales for year ending 5 April 2010 were c£154,730, with a gross profit of c£61,261 and accounts are available to interested parties, following a viewing.
SALES AREA
Excellent unit with prominent signage. Security shutters to front entrance. Total area of approx. 420 sq.ft. with tiled flooring, suspended ceiling with strip lights, display freezer and a good range of tanks and cages to house the small animals. Large counter area with shelving, 2 x Omron Cash Tills, Credit Card machine, PC, 2 x Avery weighing scales. There are several under counter troughs for dispensing loose feed. Doorway through to:
STOREROOM
Approx. 58sq.ft. with shelving as fitted. Currently used as a small storage / kitchenette area. To the rear of the unit is a large storage area divided into cages, for taking deliveries. The Vendor has informed us that they currently rent three store cages at £5 per week.
HOURS OF TRADING (at the time of our visit)
Monday to Saturday 8:30 a.m. to 5.30 p.m.
STAFF
At the time of our visit our client employed 1 full time member of staff and 1 part time member of staff (hours as required).
TENURE
Leasehold with a new 4yr renewable lease available from the council. From information supplied by the vendor the Rent including service charges approx. £14,740pa payable quarterly. Rates payable approx. £3007pa.
COMMENTS
A well-established business in a good trading location. Ideal first business or family/partner venture with potential to develop on an impressive trading history. Genuine reason for sale and highly recommended for viewing.
FINANCE
Finance for this business is available through Adams and Co(Finance). Please call this office for more details. Please remember that all loans are subject to status and survey.
LEGAL FEES:
Vendors and Buyers each to meet their own legal costs.
Additional Services
When purchasing a business (particularly for the first time) there are many important issues to consider and organise. With over 50 years experience of the Business Transfer market we at Adams and Co are ideally placed to help purchasers. We are able to arrange competitive finance, insurance, and stock-takers, if required. Please telephone for further information.
THE PROPERTY MISDESCRIPTIONS ACT 1991
Adams and Co have not tested any apparatus, equipment, fixtures and fittings, or services and so cannot verify they are in working order or fit for the purpose. Buyers are advised to obtain verification from their Solicitor or Surveyor. Purchasers must satisfy themselves as to their actual condition prior to purchase. References to the Tenure of a Property are based on information supplied to Adams and Co by the vendor. Adams and Co have not had sight of the title documents. Buyers are advised to obtain verification from their solicitor. All measurements are approximate and intended for general guidance only and should therefore be considered to be 'nominal'.
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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