EO009B-Leading Pet and Aquatic Retailer

Location: Havant Asking price: ?70,000 Plus SAV Asking price includes: Turnover in the region of ?314,000 Excellent Gross margins Profit before drawings of approximately ?47,000 Specialising in aquatics, reptiles & koi. Play area and cafe Excellent reputation and licensed to sell livestock across the full range, small animals, birds, cold water, tropical and marine fish. Great location with good local parking. Internet sales. Only current advertising is social media and word of mouth. Bespoke system for livestock making maintenance easy achievable with low staff members Well trained, experienced and expert staff. Extensive well established customer base Excellent supplier relationships. Excellent growth opportunities. Leasehold retail premises Positive cash flow. Goodwill and Stock Business profile: This business is one of the leading pet and aquatic retail businesses in the area. It has a predominantly domestic customer base ? the vast majority of its sales are to the domestic market. Working very closely with its suppliers, the business retails a wide range of aquatic pets and reptiles including some rare and unusual species. The well stocked aquarium offers customers the widest range of Tropical, Marine, and Cold Water Fish, and a wide range of Reptiles and Invertebrates. The store offers a complete service catered to all levels of hobby experience. The staff have put together starter packages tailored to beginners, and more advanced kits for the more experienced hobbyist. The business has in place excellent, quarantine and storage facilities, ensuring all fish are of the very highest quality. With excellent buying power and close connections with breeders and wholesalers, this business is not only able to offer its high quality stocks at very competitive prices but excellent advice to pet owners. Operating seven days per week out of very well suited, leasehold, retail premises, this business is very well managed and easy to run. The cornerstone to the success of the business has been the excellent customer relationships this business has built up. Offering a highly personal service backed up with detailed knowledge of aquatics, this business has built up a very loyal, repeat customer base particularly amongst the affluent local residents. Within the facility is a children?s play area and coffee shop, making it an ideal destination experience for families. The current year?s turnover is expected to be in the region of ?314,000, generating excellent gross margins and profits available to the Owners of the business of approximately ?47,000 per annum this is an excellent opportunity to acquire a very well managed and easy to run niche market retail operation with excellent growth prospects. It should be particularly attractive to a fish hobbyist/enthusiast looking to extend their interest into a business opportunity or alternatively an existing sector operator looking for a very well established and ideally located additional outlet, turnover and profitability. Key strengths: This business is located in Havant in an affluent residential area adjacent to synergistic independent retail outlets. This is a business built on its reputation and as such, it is seen as an expert in its field and can be relied upon to provide detailed expertise and knowledge in the care and maintenance of fish and reptiles. This business has excellent relationships in place with breeders and wholesalers. It has built an excellent reputation within the marketplace for offering a very personal service with high quality pets at competitive prices and with very good availability. Not surprisingly, this business can boast a very loyal and extensive customer base. Enthusiasts from many miles around pass competitive outlets to visit this business because of the quality and availability of its stock ? all at very competitive prices. Despite operating in a marketplace offering ?live? goods this business has been set up to be deliberately easy to run. It has excellent husbandry practices in place using tried and tested quarantine and tank facilities. Its staff are well-trained and have high levels of experience and expertise. The pets themselves require little maintenance, as do the tanks and equipment housing them. Key opportunities: This business is operating in a growing market. With a strong demand for the products of this business, combined with a capacity to increase turnover, a new owner contributing fresh ideas, drive and enthusiasm will have every advantage of building on an excellent platform. The business currently offers most things within the sector in which it operates ? but is very much a traditional retailer. There is a caf? and play area on site which allow families to spend time looking at the pets, exploring the facilities and entertaining themselves. The premises: Approximately 6895 sqft retail space Lease 10 year signed 2022 Rent ?50,000 Opening hours: The business currently operates between 10.00 am and 5.00 pm Monday to Saturday and between 11.00 am and 3.00 pm on Sundays. Employees: Currently 4 full time staff and 4 part time. Marketing and advertising: This business has a web presence and makes social media posts though this is certainly considered to be an area worthy of future development. By far the most effective form of marketing is the strong word of mouth recommendation the business enjoys, particularly amongst hobbyists and enthusiasts, testimony to the excellent reputation the business has for its range, availability and competitive prices. Reason for sale: The business is available for sale as the owner wishes to pursue other business interests Financial information: The business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The business is financially stable with excellent positive cash flow and good gross and net profit margins. Turnover for the most recent year is ?314,000 generating profits of approximately ?47,000. The Asking Price is ?70,000 plus SAV (estimated at ?148,589). Support and training: The current owner will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business and continuity of trading.

For more information on EO009B-Leading Pet and Aquatic Retailer talk to Turner Butler Limited (Business Broker)