Hilton Smythe welcomes to the market Lowen-Chy Angling. This family run business has been established for over 40 years.
The store is a great size and holds a wide and vast range of stock all included in the sale price. With products from the basic lures and other tackles for every day fishing to more specialist reels and rods, live bait and 7 freezers full of frozen bait. The business also supplies to course fishing anglers.
The business is very well known and respected in the area seeing a vast amount of repeat trade and word of mouth recommendations. The business reports a healthy turnover of over £100,000 with a gross profit of 33% according to 2014 accounts.
The business has been run at a pace to suit due to our clients impending retirement and we believe a new owner may wish to embark on a modest marketing campaign or introduce on-line sales to the existing website to generate additional turnover.
The business is located in the historic market town of St Austell, Cornwall.
Lowen-Chy Angling sits within a popular retail parade just on the outskirts of the town centre and within a busy residential area from which the business derives much trade as well as benefitting from trade from the honeypot of tourists visiting this pretty coastal region.
St Austell sits between the busy holiday resorts of Plymouth and Falmouth with lots of stunning villages and towns in-between attracting thousands of visitor’s year after year. The area is served by the A30 and A390 and boasts its own railway station.
The premise was previously 2 shops now merged into one spacious retail area.
Double window display and good signage.
Large retail area with adjustable shelving to perimeter walls, displays throughout, rod and reel displays, large serving desk, behind is shelving for the fishing rod mechanisms and small office behind.
Door at the back right of the first room leads to a staff area, toilet facilities.
Rear door access / exit for clients and staff leading to rear car park.
Open plan double door way gives access to the second retail area, with ample racking throughout.
Back storage room, toilet facilities and small office.
Access through to rear car park.
Stands – Racking – Shelving
CCTV – 4 cameras
7 Freezers full of Bait – Bait in terms of retail value is well over £40K
Stock - £50K inclusive in the price.
We are advised leasehold.
As of 2016, 1 year remains on the lease.
Rent is £800 per month, with the benefit of one month free.
The business opens:-
Monday to Saturday 10.00am – 6.00pm
Sunday 10.00am – 4.00pm
The business is a family run concern.
The business reports a healthy turnover of over £100,000 with a gross profit of 33% according to 2014 accounts.
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