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Busy Pet and Garden Store Trading For Over 50 Years

Exeter, Devon

  • Asking Price: £320,000 +SAV
  • Turnover: We are advised that the current stock levels are around £20,000 with turnover and profits to be advised.
  • Tenure: Leasehold

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Hilton Smythe welcomes to the market Exeter Pet & Garden, for sale due only to our client’s wish for a well-earned retirement. As the name suggests, although with fantastic alternate use possibilities for the premises, as a going concern the business itself as a traditional pet supplies and specialist in all things pet related. Retailing everything from a simple dog chew, through to a large selection of tropical fish, to Parrots and exotic birds, pet food, cages and hutches. Locally renowned with plenty of loyal custom and repeat business, it is ideally suited to another husband wife team operation or small family unit and trades a busy 7 days per week. Our clients have been in situ for over50 years, and have become locally renowned, building a successful operation over that period. The business currently operates a Facebook page, but there is huge scope for further social media and online presence, including potential for an official website. The main scope and growth is held within the alternate use of the premises itself, and would be ideal for a potential corporate operator or other independent business of a different nature. Subject to planning and change of use, the unit would potentially suit further A1 or A3 use.

The business is run by two Proprietors, and 1 full time member of staff.

The business opening hours: Monday: 08:30 to 17:30 Tuesday: 08:30 to 17:30 Wednesday: 08:30 to 17:30 Thursday: 08:30 to 17:30 Friday: 08:30 to 17:30 Saturday: 08:30 to 17:30 Sunday: 10:00 to 16:00

Exeter Pet & Garden is located on a busy high street in Exeter City Centre, within the county of Devon. Situated on the Sidwell Street area of the city centre, adjacent and amongst a large parade of complimentary retail outlets both high street and independent. A mixture of A' frame and fixed signage make the premises easily visible, with plenty of metered patrons parking to the front and a large pay and display facility to the rear. Exeter is a large city with a population of circa 455,000 and is considered the South West regional capital. As a cathedral city, it has a natural draw for shoppers and tourists alike and is home to Powderham Castle. Excellent transports links via the M5 make easy travel to and from the surrounding towns and cities including Plymouth, Taunton, Torquay and the coast.

A long quadrilateral unit circa 91 sqm (excluding ancillary areas) Substantial pavement frontage, central double entry exit doors, 2 large window elevations and vibrant signage. Open plan shop floor space currently fitted with rack mount shelving and displays.Glass fish tanks viewing area to rear. Rear ancillary, staffing, and store room areas, Kitchenette, WC, Access to rear yard and parking.

Tenure
We are advised that the business is being sold as a Virtual Freehold business opportunity. Original lease length: 100 Year Renewable Local Authority Lease Remaining lease length: 49 Years Review period: NILRent: peppercorn ground rent of £80 per annum. We are advised that the current rateable value is £17,500 pa.

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