Aquatic Centres for sale in Wisbech

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Ian McGregor (Nov 2013)
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Leasehold Price: £137,000 Turnover: £450,000 Gross Profit: £225,000
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Business Description
BUSINESS
Hilton Smythe is delighted to introduce to the market Pond World Aquatics and Laroue Geiger Boutique. The store was originally established in 2010 by our client. Our client is now looking to sell the business due to other business interests. There has been an aquatic centre on the site for over 30 years.

This aquatic superstore is fantastic with a great range of stock. The business sells products such as plants, tanks, ponds and live fish. The store is unique as there is an adjoinging retail unit, from which they sell boutique furniture and accessories such as mirrors and lamps. This side of the business originally started in 2014 and contributes well to the turnover, and is growing.

The current turnover for the business is an advised £450,000 per annum, with a gross profit of around 50%. This is a great turnover, however there is scope to increase these figures further with some advertising. Targeting customers from further afield should bring in a higher amount of sales. One way in which the new owner could advertise is to set up a website to promote products on offer, there is currently no website in situ.

The business benefits highly from loyal customers and from the great reputation. The store is well known for its great quality products both aquatic and furnishings.

This is a perfect opportunity for a new owner with experience in the trade. The property is brilliant as it is fully fitted. The premise was recently built in 2014 by our client and where completely refurbished. Hilton Smythe highly advise early viewing to avoid disappointment.

LOCATION
Pond World Aquatics and Laroue Geiger Boutique is located on Walton Highway, Cambridgeshire. This area is just on the outskirts of Wisbech.

Wisbech is the second largest town in Cambridgeshire with a population of around 32,000. The town is an inland port with the river Nene running through.  The business is located on a shopping park, with a varied range of retail outlets. There is a timber merchants, pet suppliers, café and many more retail outlets. The premises are industrial style buildings and the site has ample amount of parking.

The area has great road connections with the A47 just a couple of minute’s drive away. This main A road connects Kings Lynn and Peterborough, making this a well-used route. Kings Lynn is approximately 11.4 miles away and Peterborough is around 24.8 miles.

PREMISES
The property is a bespoke unit holding a corner position. There are two entrances to the property, each for entering the different sales areas. There is internal access to both from behind the service counter. The property is well signed and clearly visible from the carpark.

This is a large unit around 5,500 sq ft in size. The two areas are split up equally and are approximately 2,750 sq ft each.

Aquatics area:

6 x central display aisles selling comprehensive range of tanks, accessories, feeds, etc.

Display shelving and racking to perimeter walls.

10 x triple fish display tanks

2 x large open plant display tanks.

Pond area with range of ponds, pumps and accessories.

Open fish display tanks

Large service counter with 1 x till

Shelving and display units.

2 x upright freezer

1 x door display freezers

Fire Engine Kiddie ride

Screened stock area.

w/c

Side door access to external secure compound/ storage area

Furniture area:

Large furniture showroom area selling range of new furniture, mirrors, dining tables, storage, beds, ornaments etc.

Service counter with 1 x till

2 x offices

Kitchen

w/c

store room

The premises is set on an industrial style retail park. There is a large carpark for customer and staff parking. The property is well secured with a 16 camera CCTV system and the property is also fully alarmed with Redcare monitoring.

TENURE
We are advised the business is leasehold

New lease available, on negotiation.

Freehold option available.

HOURS
The business opens:-

Monday-Saturday: 9am – 5:30pm

Sunday: 10am – 4pm

STAFF
The business is run and managed by the owner with the help of 2 full time members of staff.

FINANCIAL PROFILE
The business reports a turnover of £450,000  per annum

With a gross profit of 50%



Tenure: Leasehold

Listed by: Hilton Smythe
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