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£0 £1000000

Fantastic Aquatic Retail Business

Sheffield, South Yorkshire

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£39,950 +SAV

Ref: 2812

Leasehold

Overview

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 www.elmlaneaquatics.co.uk 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.

Turnover
According to accounts ending November 2015, the business reports a healthy turnover of circa £70,300 per annum with a gross profit at 43%.

The business is owner run and managed.

The business opens:-Wednesday to Saturday 9.30am – 5.30pmSunday 11.00am – 4.00pmMonday and Tuesday closed. There is the potential to extend opening hours if required.

The business is located on the outskirts of the City of Sheffield, South Yorkshire. Elm Lane Aquatics occupies a prominent position within a busy retail parade in a leafy and densely populated area from which the business derives much trade. In the locality is the local surgery, fire station, two parks and other complementary retail outlets ensuring good footfall. The business is located just off the busy A6135 a busy commuter road into the City. The business benefits from a parking forecourt to the front and bus stop within short walking distance.

Double fronted semi-detached premise briefly comprising:- Good signage. Retail/display area purpose fitted to suit trade, very well presented, tiled flooring, display counter with electric till, electric scales, plant display tank and partly shelved around perimeter. A small store room is to the rear of the counter. Through to rear fish display room with 56 display tanks. Off the display room is a kitchen with ample work surfaces, computerised scales, electronic bag sealer and large ceramic sink unit. ExternalParking forecourt to the front with side drive leading to the rear of the property.Outside toilet Large storeroom approximately 30ft x 9ft.

Tenure
We are advised leaseholdOriginal length is 6 yearsRemaining is 6 yearsReviewed every 6 years Rent is a peppercorn £3,000 per annum.

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