Hilton Smythe welcomes to the market Posh Pets, which was established by our clients in 1991.
The business is now only offered to the market as it’s our clients wish to pursue a change in direction.
Posh Pets is a traditional pet shop with a difference, offering pet supplies and essentials, Posh Pets is also a dog grooming parlour.
The grooming parlour is an area that can be expanded as the owner rents out the parlour table twice a week at £35 per day and limits the other three days to 4 dogs a day, currently with a 2 - 3 week waiting list.
The parlour could operate 6 days a week and handle 6-8 dogs per day with ease.
The new owner of the business should also consider increasing the prices charged, as they currently only charge £35 per dog.
Posh Pets is the only local supplier of Hunter pet products and prides itself in sourcing natural local pet foods.
The business sells a wide range of items for household pets including dogs, cats, rabbits, hamsters, fish and wild birds. Their pet foods come in standard size and large sacks, they also stock frozen foods and pet accessories including:
• Pet care items
• Flee treatments
• Pet toys and much more
Due to pet shop closures in Sheringham and other surrounding areas, Posh Pets has more custom than before and still retains its Holt customer base.
The business 5* Google and Facebook reviews and is being sold with the website,
Posh Pets is a profitable business, however, there is scope for development by considering the following
1. Reviewing the way, the grooming parlour area is run. This area is capable of grooming approximately 8 dogs a day, 6 days a week at £40+ a dog.
2. Improving the website to become an E-commerce site
3. Add to current lines being sold
Hilton Smythe highly advise early viewing to avoid disappointment.Location
Posh Pets is located in Holt, North Norfolk.
Holt is a market town located just of the A148 which is the main road from Cromer to Fakenham and on to Kings Lynn.
Holt itself has a population of 3,550 according to the 2011 census, this population is much larger when taking in to consideration the surrounding villages and the population grows further still in the summer months, being a main tourist destination.Premises
Entrance door to the main shop area which has tiled flooring and a suspended ceiling with spotlights.
The counter area has the card machine, till and storage below, some products are displayed for sale on the counter.
The initial shop area has shelving for food, racking for straw and bedding, shelving for skin/shampoo products and a step up to the rear sales area.
This area has an area for pet beds, leads – including Hunter products, pet toys, a chest freezer for frozen foods, a small storage area and an opening to the grooming parlour.
The grooming parlour has 2 kennels, an enclosed dryer, two hand dryers, hydro bath, hydraulic grooming table.
All grooming equipment will remain with the business.
Off the grooming parlour is the staff toilet.Tenure
We are advised the business is being sold as a Leasehold or freehold business opportunity.
As our client is the Freeholder/landlord and will be looking to assign a new Lease to the new owner of the business.
The annual rent is to be set at circa £12,000.
Our client informs us that they do not pay business rates.
If the business is to be sold Freehold, this includes the annual ground rent of the flat above which we have been informed is circa £100 per annum.Hours
Monday to Saturday 9am to 5pm.Staff
The business is run and managed by our clients.
The grooming table is currently rented out 2 days a week at £35 per day, to a third party, however, our client would be happy to rent this table instead if required.Financial Profile
Posh Pets generated an advised turnover of circa £174,000 as of the 2017 accounts.
The assets in the business are worth in the region of £10,000.