Date Listed: 22.07.2023 Asking Price: £35,000 Turnover: £500K - £1M Net Profit: Under £50K
Location: North East & Cumbria - Chester-le-street
Location Details: Prime location opposite bus stops and on the main stretch of path from the towns only free car parking at the local supermarket.
Premises Details: Leasehold at £900 pcm
Property Status: Leasehold
Reasons for selling: Health Reasons
Years established: 2
Furniture, Fixtures and Fittings: Included in the asking price.
Value of Furniture, Fixtures or Fittings (£, GBP): £5000
Inventory / Stock: Included in the asking price.
Value of Inventory / Stock: £36,000
Employees: 4
Trading Hours: Monday to Friday 09:30 - 4:30pm | Saturday 09:30 - 3:30pm
Relocatable: This business can be relocated.
Business Sector: Retail
Competition: Only one other pet shop in town located at the other end of the high street. The other retailer is very small and concentrates on aquatics and small furries. Out of town competition comes from the major stores, such as Pets at Home.
Expansion Potential: Business needs a website and to go online, we have not been able to this yet. The use of the building includes, pet grooming and there is specific place to add groomers which would massively increase footfall and revenue, but again due to health we haven't been able to get this set up.
Leasehold Rent (£, Per annum if applicable): £900
Leasehold Terms: Rolling with break clause of 1 month notice for tenant.
Support & Training: We can offer a weeks transition.
Additional Business Information:
Amazing, well established with great passing footfall. A popular with great reputation pet shop for sale.
Been running for 18 months and continuing to grow this business is a fantastic opportunity for further growth. We are selling only due to health and personal reasons. The business is primed for addition of grooming to increase revenue and to go online to complement its growing social media presence as we have not yet managed to do this.
The sale will include all fixtures and fittings and stock all £36k worth. We would be happy to support any transition of new owners. Current opening hours are 09:30-16:30 on weekdays and 0930-15:30 on Saturdays.
Reference: 5109
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