Pet Shops for sale in Alresford

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David Binder (Nov 2017)
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Leasehold Price: £64,950 Price Reduced Turnover: £117,178 Gross Profit: £44,774
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Business Description
Hilton Smythe welcomes to the market one of Hampshire's most well established independent Pet Shop.

Purchased by our clients nearly 20 years ago and now offered for sale due to their wish to now retire.

The much-loved community business is highly profitable and offers a wide selection of Dog, Cat, Bird, Rabbit and small Animal ranges including pond food.

Our client advises us 80% of the sales are derived from pet food and 20% from the large choice of accessories.

There is an extensive range of wet food option from:

• James Well-Beloved
• Natures pouches and Forthglade.
• Small to large bags of dry food
• Choice of frozen meat and tripe
• A large choice of treats & bones
• Puppy meals are also available.

Our client also stocks a range of frozen sea fishing bait.

Pet accessories include:

• Beds
• Leads
• Collars
• Toys

There is a very loyal customer base included.

Our client also offers a personal ordering service for non-stocked items with delivery normally within 48 hours.

Currently all the sales come from walk in retail customers, there is a high demand for local deliveries in the area which could easily be added back to the business model to further increase turnover.

Our client undertakes no advertising currently, adding a new website, social media page and new leaflet drop could expand the current customer base.

Businesses of this type and location rarely come to the market, the beautiful position will attract many buyers looking for a lifestyle change.

The Pet Shop enjoys a highly enviable trading position on West Street in the heart of beautiful Alresford near Winchester in Hampshire.

Alresford is a highly desirable historic town 7.5 miles northwest of Winchester and 12 miles southwest of Alton.

The Georgian town offers an array of colour washed houses, riverside walks and specialist shops and is home of the Mid-Hants steam railway.

Our client’s business sits alongside both major high street banks and building societies, cafes, restaurants, lovely independent retailers, nearby doctors surgery, St. John's Church and residential dwellings.

The business benefits from being directly behind the town’s main bus stop and just 2 mins walk from the main car park. There is also free customer parking in the street facing the business.

Alresford is located just off the A31 which connects Alton to Winchester and west to the busy M3 motorway.

• 2 x window displays

• Internal shelving to both sides and central counter which includes further display shelving, till and card machine.

• 2 x upright freezers.

• Accessory section located to left of the shop which extends into the rear wall of the unit.

• Rear kitchen/ office includes storage facilities, sink and boiler and staff toilet.

The business is being sold as a Leasehold opportunity, there is a renewable 10-year lease as of 2018 there is 1 and a half years remaining paying just £11,000 per year.

The business benefits from small business relief on the rates with just £341 payable on the current year.

Monday – Saturday 9.00 am – 5.00 pm

SUNDAY Closed (opportunity to open and increase sales)

The business is run and managed by our clients.

Financial Profile
We are advised the business generated a very healthy turnover of £117,178 as of the 2017 accounts, with a gross profit of £44,774 and adjusted profit of over £24,000.

Our clients also advise the 2018 new accounts due shortly will show very similar performance figures.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

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