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Leading Retailer of Fishing Tackle & Bait offering an excellent stock of fishing accessories On-Line shipping across the UK

Ref. AH137

Location : Stansted, London

Asking Price : £60,000

Turnover : £112,000

Net Profit : Undeclared

Gross Profit : £28,000

EBITDA : Undeclared

Net Asset : Undeclared

Premises : Not Included

Confidentially offered for sale


  • Turner Butler

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Asking Price: £60,000 + Stock at Valuation

Asking price includes:

Turnover consistently in the region of £112,000

Gross profits showing £28,000

Pre tax operating profits of £18,000

Excellent reputation for large up to date stock

Extensive well established customer base

Excellent growth prospects

Positive cash flow

Goodwill

Business Profile

Established in 2005, this business is a major supplier of a huge range of fishing accessories from top fishing equipment manufacturers. The business has grown in reputation and offers everything a fishing enthusiast could want. Ranging from top class manufactured rods and reels through lines hooks and trolleys and tents. In addition the shop has a massive following for its bait variations, which are made and bundled on site.

Working very closely with its suppliers it is able to offer certain top end eqipment not available easily elsewhere.

Operating seven days per week out of very well suited, leasehold, retail premises, this company is very well managed and easy to run. The cornerstone to the success of the business has been the excellent customer relationships this business has built up over its years of operation. Offering a highly personal service, this business has built up a very loyal, repeat customer base particularly amongst the affluent local residents who regard this business as ‘their’ shop. This approach has paid exceptional dividends with the business performing consistently well throughout its many years of operation.

Equipment

Fully fitted racked premises along with PDQ system for credit card use.

Customer Service:

Being owner run, the business prides itself on great customer care and after service.

Key Strengths:

Reputation and the availability of a vast level of stock

Key Opportunities:

This business is operating in a growing market. With a strong demand for the products of this business, combined with a capacity to increase turnover, a new owner contributing fresh ideas, drive and enthusiasm will have every advantage of building on an excellent platform.

The business currently offers most things within the sector in which it operates – but is very much a traditional retailer. The development of a website – perhaps incorporating an e-commerce facility would enable the business to increase awareness of its product range and service, as well as extending its geographical reach beyond the normal retail boundaries.

Growth and Expansion:

By developing the web presence a new owner could increase profits by more than 50%

Financial profile:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover consistently in the region of £112,000

Gross profits showing £28,000

Pre tax operating profits of £18,000

Premises:

Very large shop premises with a useful front terrace. The total surface area amounts to 3,000 sq. ft. along with a further 1,500 sq. ft of storage and workshop area. Rent and rates cost a total of £8,917 inclusive per annum.

Business Hours:

Monday to Saturday: 8.30am - 5.30pm Sundays: 10-noon on Sundays

Employees:

The company is solely owner run

Support and Training:

The current owners will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business and continuity of trading.

Reason for Sale:

The owner’s father has been running the business and now is looking to retire.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk