Hilton Smythe welcomes to the market Cambridge Reptiles, which was established by our client in 2000. Our client is selling due to breeding exotic cats and is wanting to move into that venture full time.
Cambridge Reptiles goal is to provide Cambridge and the surrounding areas, with quality, captive bred, exotic animals and aftercare service that is second to none.
The team has been keeping and breeding reptiles for over 25 years and work closely with vets.
They have a wealth of knowledge and experience which they share with their customers, who come from Cambridge and the surrounding areas.
Cambridge Reptiles sell;
• Food - live, dried or frozen
They offer a range of vivarium’s from starter kits upwards. They also breed many animals including Giant Indonesian Sail Fin Dragons, and we have been informed that they are the only people to do this outside of Indonesia.
There is a boarding service at a price of between £2 - £4 per night, depending on the type of animal, these prices have been frozen for a number of years and these prices could be looked at as a way to generate a higher income stream.
The stock comes from one supplier, who gives our client a discount, our client will confirm all these details in full to a prospective buyer.
Cambridge Reptiles is one of very few retile centres in the area and come with a very good reputation.
The business is being sold with the website www.cambridgereptiles.co.uk, along with the Facebook page with 4.9* reviews. There are also 4.5* reviews on Google.
As this is an unusual business our client would be willing to stay on for a small time during the transitional period.
Cambridge Reptiles is a profitable business, however, there is scope for development;
• Reconsider the overnight boarding prices
• Consider upgrading website to an ecommerce site in order to sell further afield
• Look at postal delivery for food etc
• Increase breeding of reptiles etc for more stock
• Consider other suppliers to purchase competitively price stock
• Consider going to shows/fetes
• Consider reptile children’s parties
• Consider educational talks at schools etc.
• Open Mondays and longer during the week
Hilton Smythe highly advise early viewing to avoid disappointment.Location
Cambridge Reptiles is located in Hardwick, a few miles out of Cambridge within a complex of other businesses such as a pet shop, cafe, gym. The Pet shop does not stock live animals and there is no restriction to the animals stocked by Cambridge Reptiles.
There is a large free car park for the complex of shops with no time restrictions directly outside.
Cambridge Reptiles is located just off A428 Cambridge to St. Neots Road.Premises
Outside there is a large free car park and a doorway leads to the first floor.
On the first floor there is a display area for vivariums and a doorway leads to the reptile centre.
There are approximately 100 vivariums of differing sizes housing, reptiles, amphibians, snakes, spiders etc. All vivariums have heaters.
There is a large 8’ enclosure for the Giant Indonesian Sail Fin Dragons with a pool and heaters.
There is multiple shelving for stock including live food and heaters.
The counter has a till and glass displays behind.
Off the main showroom is a small kitchen.
The toilet facilities are shared with the café downstairs.
Behind the counter is a store room/boarding room with vivarium’s/office with chest freezer. Off this area is a stock room.Tenure
We are advised the business is being sold as a Leasehold business opportunity.
The three-year Lease is about to come to an end and the landlord will sign a new three-year Lease with the new buyer of the business.
The annual rent is £5,820
The business further benefits from being exempt from paying business rates.Hours
The business opening hours:
Tuesday - Saturday: 11.00 am – 5.00 pm
Sunday: 12.00 pm – 3.00 pm
The hours could be longer and there are no restrictions on times in the Lease. Other businesses are open from 9.00 am – 7.00 pm in the weekStaff
The business is run and managed by our client, with the help of 1x part time and 1 x full time members of staff.Financial Profile
Cambridge Reptiles generated an advised turnover of circa £108,301 as of the 2017 accounts, with a net profit of £15,001 and an adjusted net profit of £19,496.
In 2016 the turnover was £107,912 with a net profit of £23,160 and an adjusted net profit of £28,249.
The assets in the business are worth conservatively £7,000
Stock runs at about £8-£10,000