2431
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Leasehold Price: £39,999 Annual Turnover: £250,000 Annual Gross Profit: £10,000 Annual Net Profit: £25,000
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Business Description
Phoenix Business Transfer Agents are delighted to place onto the market this thriving very busy pet shop which has been established since 1999. The business has been in the hands of the current owner since March 2010 and he now wishes to sell in order to emigrate

The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £250,000 pa with a net profit of £25,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because vendor wishes to emigrate .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.

Services
This very good business opportunity provides pets and accessories, pet hotel and dog and cat grooming.

Staffing
The concern employs 2 staff who are part time. One is paid £7.00 per hour and the other is paid £6.08 per hour. The total wage bill is £23,520. All staff would stay on after a sale.

Owners Role
The owners’ role is managing and working in the business and works full time.

Marketing
The owner markets the business in Yellow Pages with links to Face Book and twitter and has a website.
Competition
As far as competition is concerned there is none within the locality.

Market
The client base consists of local community and surrounding areas, business persons and tourists

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include tropical and other fish, pet grooming service and other animals.
• With an enhanced website.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

The property is terraced and is part of a parade of shops and is approximately 140ft x 40 ft. The front is branded with an attractive glass front and a CCTV system. The main customer service area is tiled with a middle aisle and shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There are a toilet and staff facilities and a fully small kitchen.

All fixtures and fittings and equipment are included in the sale price and are valued at £25,000.
Business Information
Trading Hours:

Monday to Friday - 10.00 – 1800, closes 19.00 on Thursday Saturday – 10.00 - 1800 Sunday – 11.00 – 17.00

Number of Employees:

The concern employs 2 staff who are part time. One is paid £7.00 per hour and the other is paid £6.0

Tenure: Leasehold

Competition: There is no local competition.

Support & Training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Location Details:

- Situated in Wimbledon area of Merton in South West London.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- Local population consists of local community, business persons and tourists
- Area offers exceptional lifestyle.
- Very good / outstanding tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A219, A24, A297 and good railway links.

Leasehold Term:

The original length of the lease was 1 years with 1 year and 3 months remaining. The rent is £22,500 pa with a review in 3 years. The lease is renewable or negotiable for longer term if required. The rates are £21,000.

Listed by: Phoenix Business Agents
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