Hilton Smythe welcomes to the market York Tackle Shop.
The business is a very busy and well stocked fishing tackle shop selling everything a Fisherman would want – ranging from rods to bait, clothing to reels. The shop also specialises in carp, coarse and predator fishing.
With stock valued over £150,000, (the level of stock can be reduced if a buyer would prefer).
This family run business has been owned by our client for 12 years ( a fishing Tackle shop has been on site for over 35 years) and is now reluctantly selling to pursue other interests.
The business can be expanded by creating an internet presence, extending the range of suppliers, moving to larger premises and with increased hours/Sunday opening. The business benefits from little competition in the area.
This is a good, prosperous and well established, walk in, leasehold business marketed at a reduced and sensible price for an early sale.Location
York Tackle Shop is located in the affluent area of Badger Hill on the outskirts of York.
This ground floor large double fronted Fishing Tackle shop is situated on a busy estate road backing onto, and clearly visible from the A1079 leading into York city centre.
The business is located at the end of a parade of shops and retail businesses with free street parking to the front and nearby. The business has excellent signage, highly visible to passing trade.Premises
The attractive double frontage and entrance leads into a large , well stocked fishing tackle shop with counter to the back.
To the rear is a stock room, office, kitchenette and toilet.
The fully boarded loft space is used as a stock room.
The owner has the use of 2 lock up garages at the rear (one is rented from the next door hairdresser). There are used for the storage of stock
There is also a yard to the rear.
There are shutters front and rear and an alarm system.
The décor, fixtures, fittings and equipment ate of a good standard.
The sale includes a till, sales counter, bait cooler, bait riddle, office equipment, sales units, shelving, shutters front and rear and alarm system.
We are advised that the business assets are worth in the region of £5000.Tenure
We are advised that the premises are of leasehold tenure under rolling monthly tenancy at the rent of £9500 pa.
It is believed the landlord would be willing to grant a new lease.
In addition, £45 is paid monthly for the use of one of the lock up garages to the rear.Hours
Monday to Friday 8.30am to 5.00pm
Saturday 8.00am to 5.00pm
The owner runs the business with the assistance of family and 1 member of staff.
Staff costs are approx £20000 pa.Financial Profile
We are advised that the current turnover is approx £280,000 pa.GP is around 25%. Net profit is in the region of £30000 pa.
The property is exempt from the payment of business rates.
The business carries about £150000 stock but this can be reduced if required.