Hilton Smythe are privileged to present to the market GP Barnes Yacht Chandler, established by our client in 1973 and now offered for sale due to his wish to now retire.
The highly renowned business offers the opportunity for any new buyer to walk in and continue trading with a full handover period offered.
The business is split between the chandlery shop, boat sales and large range of gas sales.
Currently 80% of turnover is derived from the boating side and 20% from the gas sales side.
There are over 1,000 loyal customers included in the sale and the prominent position allows constant passing trade to attract new.
The chandlery side offers one of the largest selections of boating equipment and accessories on the South Coast.
If there is isn't any particular stock in, then our client can offer a 24-hour delivery service of most other items a boating enthusiast may need.
There are over 250 boats moored here at Lady Bee with 150 mornings directly in front of the business, this ensures a constant demand for people looking to both sell and buy new boats through our customer as well as buy new equipment they may require to get sailing.
The large onsite compound holds a large choice of gas bottle sales which includes calor gas, air products, oxygen and settlean, pub gas and Co2, mixed gas, camping gas, BBQ gas, air liquid including helium (for card shops), gas for home brewing, gas for outside smoking heaters.
Customers for the gas side include many of Brighton’s and Hove’s major bars, hotels, subway sandwich stores, card shops, restaurants, event centres and private individuals arranging outside BBQs.
Our client runs this side to suit now and identifies there is potential to easily double this with some advertising / sales generating time.
Previous turnover on this side exceeded the £1m threshold.
There are excellent supplier agreements in place which ensure they never run out of any gas.
The major agreement is with ‘Air Products’, the number 1 website on Google for gas products, ensures consistent weekly orders which pass straight to our client’s site due to their storage capacity and location.
Our client delivers to approximately 50 local gas customers.
The business is currently being run to suit, investing in more advertising including social media, online website ordering would easily increase the existing turnover.Location
G P Barnes is located at Lady Bee Industrial units, an old sail loft which sits inside lock gates in Shoreham Harbour, Albion street in the Southwick area of Brighton. A highly prominent position directly overlooking 150 moorings and the River Adhur which feeds into the English Channel.
The customer entrance of the business comes directly off Albion St (A259) which is the very busy road linking all of the South Coast towns, including nearby Brighton to
The unique site is one of a kind and highly sought after due to the consistent demand for both moorings here and the business.
The site is been extended with new industrial units being built.
Chandlery customers travel up to 50 miles and gas customers up to 20 miles to the business.
Nearest mainline station is Southwick.Premises
External - large customer car park and enclosed compound area for gas storage.
Internal / Ground Floor - 3 adjoining retail rooms with selection of display shelving, shelving units and rails. Central service counter with cash till and card machine.
Stairs up to -
Main customer entrance and first floor - includes 3 x retail areas, 2 x offices, staff kitchen and toilet.
Equipment - forklift truck, fire transit, 4 x 4 truck, selection of tools and machinery.Tenure
The business is being offered as a Leasehold opportunity with a new 10-year lease in place paying £30,400 per year.
Business rates paid are approximately £9,000 per year.Hours
Monday to Saturday 8.30 - 5.30 pm
Sunday 10am - 2pmStaff
We are advised the business is run and managed by our client with the help of 2 x part time members of staff.Financial Profile
We are advised the turnover as of the 2018 accounts will show £267,049, GP of £135,344 and an adjusted net profit of around £46,725.