Hilton Smythe welcomes to the market this very well-established head shop selling all types of vapes, accessories and smoking paraphernalia.
They have a section specialising in Airsoft with guns, ammunition and clothing, which goes under the name of Badger 2 Zero (https://b2z.club/), which has a gun club with membership of 30 plus members and to the rear of the shop they offer a practice shooting range for airsoft practice.
They also sell herbs, spices and hair dyes, circus skills equipment and lastly, a fancy dress rental service, with a wide range of original army uniforms and other sundry items.
Up until 6 months ago, they also had a large online presence, which we believe from the owner, up until 6 months ago was turning over up to £1,000 per week. We believe this has just been restarted, so the overall turnover should start to increase again. See the website at https://thefunnyfarm.com/ for more information.
It is very much a lifestyle business with potential for further expansion and improvement with longer opening hours, a different range of products and more online exposure and advertising. It is a large shop with plenty of unused space, which could be utilised for new ideas to increase the income stream even further.
The business itself has been run by the current owner for many years and is very well known in the area. The owner is now looking towards a well-earned retirement.Location
The Funny Farm is situated in the centre of the city of Hereford on Eign Gate, a busy commercial street with good footfall.
The city of Hereford which offers all the amenities needed to included shops, schools, churches of various denominations and good access to all surrounding areas via the A49 and A438.
The M5 motorway is also within easy reach for access north or south. Hereford has a population of 58,896, and is the largest settlement in the county of Herefordshire.Premises
The premises are set within a spacious building covering approx. 134 sqm, over 3 floors, offering plenty of space for further development and expansion if required.
On the ground floor, we have the main shop area with rear store, on the first floor we have a further storage room, office/staff room and WC and on the second floor 2 further rooms for storage/ staff etc.
To the rear of the shop we have parking for 3 vehicles together with a rear yard which houses the practice shooting range. The shop has included a counter and till, various shelving and racking and display cabinets and more.
An internal inspection is highly recommended to appreciate the range of product on offer, together with the space and potential.Tenure
We are advised that the business is being sold as a leasehold opportunity on a 6 year lease.
The rent payable is £10,500 per annum.Hours
Monday 10:00 a.m. to 5:30 p.m.
Tuesday 10:00 a.m. to 5:30 p.m.
Wednesday 10:00 a.m. to 5:30 p.m.
Thursday 10:00 a.m. to 5:30p.m.
Friday 10:00 a.m. to 5:30 p.m.
Saturday 10:00a.m. to 5:30 p.m.
The business is currently run by the owner, one full time and 2 part time members of staff.Financial Profile
We believe from the owner that the business is very much a lifestyle business and turns over around £1500 per week, which could easily be improved.
They are very shortly resurrecting online sales, which until 6 months ago, was a large part of the business with talking of up to £1000 per week the owner informs us.
According to the VOA website the current rateable value is £9,600, however the business benefits from small business rate relief so has no rates to pay at present.