Hilton Smythe is delighted to welcome to the market Buddies Pet Supplies. This business was originally established in 1985 but was only taken over by our client in 2016. Our client has thoroughly enjoyed running the store but is now reluctantly looking to sell due to family commitments.
The pet store sells a generous amount of stock for all kinds of pets. They offer general pet supplies, food and accessories, stocking some well-known brands such as, Wagg, Pedigree, Pointer, Felix and more.
Sales in the region of £80,000 with a 43% profit margin. This is good, but we believe this could be massively increased. Some ways in which the new owner could do this is to look at increasing opening hours. The store is currently closed 2 days a week missing some vital trade.
Our client currently does not stock live animals, this could also be something the purchaser can look at to boost income. A website would also advertise the store and products on offer, this would hopefully attract new custom.
This is a well-established business, well known in the local area. Therefore, the store receives a high amount of loyal repeat trade. This business would be a perfect opportunity for a purchaser looking for a successful store.
The store is well priced and comes with low overhead costs. Hilton Smythe highly advises early viewing to avoid missing out on this brilliant well-established business.Location
Buddies Pet Supplies is located in Bedlington, Northumberland.
This pet store is situated in a corner premise in the town centre of Bedlington. This area has a fantastic range of independent stores such as newsagents, pharmacy, hair salon, take away and more. All though this is a town centre location, the area is mostly residential property. This is a brilliant location for a business as there is always a high amount of footfall.
The business is on Clayton Street which is a large main road that runs through the town centre. This area benefits from great public transport links. There are several bus stops dotted around the area, each just a short walk from the business. The store is also just a short drive away from the A189 which connects this area to the national motorway network.Premises
The business is located in a corner single fronted premise.
The main shop is an open plan retail area, with a large serving counter which also has counter top displays. There is perimeter shelving, rails, other shelving and central display stands. There is a large storage area to the rear of the premise with toilet facilities.
There is also a garage which is used for extra storage.
• Fixtures and fittings
• Display stands
The front of the premise is secured with shutters.Tenure
We are advised the business is Leasehold.
Original lease length: 10 years
Rent: £300 per month
Hilton Smythe are advised the business has no business rates.Hours
The business is open:
Monday: 10am – 5pm
Tuesday: 10am – 5pm
Thursday: 10am – 5pm
Friday: 10am – 5pm
Saturday: 10am – 4pm
The business is run and managed by our client.Financial Profile
The business generates a turnover in the region of 140,000 per annum.