Property Information
Address:
Sheffield, South Yorkshire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH488916
Property Ref/Agent: 2812-fantastic-aquatic-retail-business
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe welcomes to the market Elm Lane Aquatics.
The business was established in 1981 and has been run and managed by our clients, a successful husband and wife team since inception in 2005.
The business is very well known in the area and benefits from a monopoly trading position with very little competition in the area.
According to accounts ending November 2015, the business reports a healthy turnover of circa 70,300 per annum with a gross profit at 43% and benefits from very low overheads.
Elm Lane Aquatics specialise in the retail of tropical and cold water fish, fish tanks of all shapes and sizes, feeds, pond supplies and all necessary equipment and accessories.
The shop is very well presented throughout with goods easily accessible and over 50 display tanks.
The business has a fantastic reputation for the friendly and knowledgeable customer service and the business benefits from a lot of repeat trade and word of mouth recommendations.
We believe the business has potential for future growth, perhaps by further developing the website to promote the goods on offer or maybe introduce sales of small animals or reptiles to further revenue.
We highly recommend viewing of this lovely business which genuinely comes to the market as our clients look towards a well-deserved retirement.TENUREWe are advised leasehold
Original length is 6 years
Remaining is 6 years
Reviewed every 6 years
Rent is a peppercorn 3,000 per annum.HOURSThe business opens:-
Wednesday to Saturday 9.30am - 5.30pm
Sunday 11.00am - 4.00pm
Monday and Tuesday closed.
There is the potential to extend opening hours if required.STAFFThe business is owner run and managed.FINANCIAL PROFILEAccording to accounts ending November 2015, the business reports a healthy turnover of circa 70,300 per annum with a gross profit at 43%.
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