• Long established local business
• Situated in leased unit in covered shopping arcade
• Established customer base
• Busy Edge of Lake District town
Retail Pet Shop business situated in covered shopping arcade in Penrith town centre. The business has been established over 60 years and has a strong local following. It was acquired by the current proprietor in 2015 but who is now regrettably having to sell the business due to a change in personal circunstances.
Established: Over 60 years
Turnover: £82,898 (2017/18)
Trading Hours: Mon-Sat 9.30am to 5.00pm
Staff: 1 part time
Licence: Pet Shop Licence
Reasons for sale: Personal circumstances
Expansion Potential:On-line sales
Support/ Training: Support to buyers in terms of training and advice will be given as required.
Full accounts will be made available to bona fide applicants, normally after viewing.
Penrith is a market town located on the north east fringe of the Lake District with a population of around 16,000 and catchment population of around 45,000. It has excellent transport links being at the junction of the M6 motorway and the A66 trans-Pennine trunk road and has a Station on the west coast main line linking London and Glasgow. Major retailers in the town include Argos, Morrison’s, B & Q, Booths, Sainsbury’s, Aldi, W H Smith, Boots and Sports Direct.
Shop 37.3 sqm (401 sqft)
Storage 11.5 sqm (124 sqft)
First floor Storage 36.0 sqm (388 sqft)
The arcade has communal toilet facilities.
We are advised that mains water and electricity are connected to the property. It has burglar and fire alarms. No warranty is given regarding the working order of any appliances or services referred to in these particulars.
The property is held on a 3 year lease from 11 May 2018 at a rent of £625 per month plus a variable service charge of about £175 per month and a contribution to annual buildings insurance premium.
Note that these are the main extracts from the lease as a guide only and a purchaser/ tenant must satisfy himself of all provisions by inspecting a copy of the lease.
‘The 2007 Code for Leasing Business Premises strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. A copy of the Code is available from the agents.‘
The purchaser/ ingoing tenant will be expected to pay the landlord’s and lessees reasonable legal costs in connection with the assignment of the lease. Each party will bear it’s own costs in connection with the transfer of the business.
Description in list: Shop & premises
Rateable Value: £5,100
The property qualifies for 100% small business relief.
FIXTURES & FITTINGS
Included in the sale is an inventory of trade fixtures, fittings, equipment and furnishings together with stock in situ at the time of completion. Any items not included in these particulars or the inventory are excluded.