• IDEAL TRADING POSITION IN HEART OF TOWN CENTRE
• FOCUSED UPON FOODS, BEDDING AND ACCESSORIES
• SPACIOUS PREMISES WITH PLENTY OF STORAGE
• WELL RUN WITH HISTORY OF STRONG TRADING PROFITS
• RETIREMENT SALE AFTER 17 YEARS OF OWNERSHIP
Shaftesbury lies at the junction of the A30 (East-West) and A350 (North-South) trunk routes and close to the A303 offering easy road access to Bristol and Bath, Bournemouth and Poole, Salisbury and Exeter and the mainline railway station at nearby Gillingham links London Waterloo with the South West.
The shop is located in Bell Street, close to its junction with High Street, the town’s vibrant main thoroughfare. Shaftesbury is a desirable place to live and shop and offers a range of services to cater for most everyday needs, including 2 supermarkets, a GP surgery, dentists, opticians, veterinary surgery (and a well-stocked pet shop!) as well as attractive cafes, coffee shops, restaurants and public houses. There are also several churches and a thriving arts centre.
The area is served by high quality schools, both in the public and private sectors; i.e. Shaftesbury Upper School, St Mary’s School for Girls, Clayesmore, Port Regis and Sandroyd.
This highly regarded pet shop has traded very successfully under the current ownership since 1999. Serving the populace of this prestigious North Dorset town with a large and generally wealthy catchment area, the shop occupies an ideal trading position in the heart of the town centre, being close to the main car park and enjoying considerable passing trade.
The business retails a comprehensive range of pet foods, bedding, accessories and gifts, including an aquatic section, with plenty of room for storage of stock in view of the spacious premises.
The trading history has been consistently very strong and the business, which is easy to run with the assistance of an excellent team of experienced staff, offers an excellent level of income for a committed couple.
Opportunities such as this are rare in the retail sector and interested parties are recommended to move quickly to avoid disappointment.
We understand that the business was originally established by the previous owner in 1997 before being taken over by the vendors in 1999. At that time the business was trading from a smaller shop unit literally across the road before moving to the present, much larger, site in July 2006.
Please note that if a business is VAT registered, all figures exclude VAT.
Sales of £209,675 were reported for the year ended 31 October 2015 (up from £206,560 in the previous year). We understand that performance since 1 November 2015 has continued to show year on year growth.
After allowance for the proposed premises rent of £15,000 under the new lease a reconstituted net profit of £40,675 is indicated for the year ended 31 October 2015 before accountancy fees and depreciation charges.
REASON FOR SALE:
The vendors are planning to take an early retirement to allow them to concentrate on their property interests.
The business is run by a husband and wife team, one of whom is generally in the shop most of the time, assisted by an experienced team of 4 part-time staff working a combination of hours (24 hours, 16.5 hours, 15 hours and 5.5 hours per week respectively) who are more than capable of managing the shop during owner holiday absences. A student works a full day on alternate Saturdays.
Monday: 9.00am to 5.00pm
Tuesday to Saturday: 8.00am to 5.00pm
(all sizes are approximate & should be considered 'nominal'.)
The premises occupy a period property in a prominent corner position arranged over three floors under a pitched roof. A full external and internal inspection is necessary to be able to appreciate properly the layout and proportions of the shop and the following is intended only to represent a brief summary of the accommodation.
Main Shop (7.2m x 3.2m max, narrowing to 3.0m towards the rear):
Half glazed wooden front door with display window to front elevation. Further display window to side elevation. Inset door mat. Carpeted. Diffused and fluorescent lighting units. Fitted retail display shelving to both sides and rear wall. Island display unit. Small counter servery with storage under to front and rear with Sharp electronic till and fitted wall shelving. Radiator. To the rear right hand side a passageway leads through an inner lobby with under stair storage recess and fitted wall shelving with two steps up to:
Weighing Room (5.3m x 3.1m approx.):
Of irregular shape. Wooden window to side elevation with internal security bars. Wooden door to side elevation used for deliveries. Below average ceiling height. Ceramic tiled floor. Fluorescent lighting. TEC SL9000N scales. Monitor for shop security cameras. Racking and storage bins, mainly for dry food. Vaillant gas boiler supplying heating to the ground floor accommodation. To the rear right hand side a further passageway leads to:
Window to side elevation. Vinyl floor. Low flush WC. Pedestal wash basin with tiled splash back. Fuse box/consumer unit. Radiator.
Also from the rear of the Weighing Room a wooden door opens into a small lobby with metal framed window to the side elevation with internal security bars, ceramic tiled floor and under stairs storage space. A wooden staircase rises with half a turn to:
First Floor Accommodation – Rear
Store Room/Office (3.6m x 3.2m):
Galleried landing. Wooden, double glazed window to the side elevation. Stainless steel sink unit with single drainer to side, fitted cupboard under and fitted wall cupboard and Redring electric water heater over. Fluorescent lighting. Carpeted. Radiator. Storage racking. Single desk unit.
Returning to the rear left hand side of the Main Shop at ground floor level, a wooden door with two steps up gives access to a hallway with wooden door to the side elevation which can be used to give independent access to the accommodation at first and second floor level if desired. A staircase rises with half a turn to:
First Floor Accommodation – Front
Galleried landing. Wooden window to side elevation. Wooden door to cupboard housing gas boiler supplying hot water and central heating to the first and second floor accommodation. Carpeted. Radiator. Fitted shelving. Used as retail display space. A further wooden door leads to:
Bedding and Aquatic Accessories Room (3.5m max x 3.2m max):
Of slightly irregular shape. Wooden window to side elevation. Carpeted. Radiator. Wooden display unit for pet bedding. Glass display cabinet for aquatic accessories. Further freestanding product display unit.
Returning to the Outer Landing a wooden door with digital lock gives access to an Inner Landing, being carpeted with radiator and fitted store cupboard with shelving and wooden doors to:
Obscure glazed wooden window to side elevation. Part tiled walls. Extractor fan. Carpeted. Matching suite comprising large bath, pedestal wash basin and low flush WC. Radiator.
Kitchen/Staff Room (3.9m x 3.2m):
Large wooden sash window to front elevation. Part carpeted and part vinyl floorcovering. Radiator. Stainless steel sink unit with single drainer to side and tiled splash back. Fitted floor cupboards with roll edged work surface. Under counter refrigerator. Small chest freezer. Large chest freezer.
Returning to the Inner Landing a fairly narrow wooden staircase rises with a quarter turn to a wooden door opening to:
Second Floor Accommodation
Store Room (3.9m max x 4.5m max):
Wooden sash window to front elevation. Wooden casement window to the rear elevation. Access to loft space. Carpeted. Radiator.
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
(all sizes are approximate & should be considered 'nominal'.)
The premises are rated purely for commercial use. However, at one time the first and second floor accommodation was arranged as a self-contained flat, the kitchen and bathroom facilities remaining in place. In the event that a purchaser wished to reside above the shop we believe it would be necessary for a revised consent and re-rating to be obtained. However, we see no obvious reason why this would be refused and the landlords are willing to listen to any reasonable request from seriously interested purchasers wishing to live on-site.
The vendors own separately a single parking space which is located immediately adjacent to the shop, this generally being left vacant for customers to use when visiting the premises on a first come, first served basis. An agreement regarding the use of this space can be negotiated as part of the sale if desired by the purchaser, inclusive with whole building.
The shop itself, standing as it does on a prominent corner and adjoining another property immediately to the rear, does not have any outside space.
The vendors own the freehold interest in the property and a new lease is offered on full repairing and insuring terms at an opening rental of £1,541.66 per month (£18,500 pa). The landlords are willing to be flexible over the lease term and invite potential purchasers to express their wishes in this respect.
ENERGY PERFORMANCE RATING:
The property is G2 listed and as such no EPC is required.
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