Sold
Fish Tackle & Model Shop
Sevenoaks, Kent
- Asking Price: £49,995 +SAV
- Turnover: The business generated a healthy turnover in the region of £134,238 as of the 2016 accounts, with a gross profit of 35%. With current stock valued in May 2017 at £86,828, split fishing stock at £51,461 and modelling kits at £35,361 (subject to change).
- Tenure: Leasehold
Hilton Smythe welcomes to the market Manklows. The business was established in this location by our client in 1977. The owner is now looking to sell the store, due to the desire to take a well-deserved retirement. The business runs as a fishing tackle retailers and model shop. Trade is split 55/45 from the sale of tackle and models. Some stock includes bait, tackle, fishing rods, cradles, bags, weights, rigs, reels as well as model planes, model cars, railway accessories, track equipment and large remote controlled cars. This is a popular shop in this location benefitting from a generous amount of repeat loyal trade from local enthusiasts. Our client also offer extra services this includes servicing and repairs, sell on service, part exchange sales and the business is also licenced to deal with second hand goods. The business can sell member and guest passes for Holmesdale Angling Club and is an existing member of Sevenoaks Model Car Club. The business generated a healthy turnover in the region of £134,238 as of the 2016 accounts, with a gross profit of 35%. With current stock valued in May 2017 at £86,828, split fishing stock at £51,461 and modelling kits at £35,361 (subject to change). We feel there is scope to increase this turnover in several ways. This property is an exceptional size with potential to increase stock range. We have been advised that there is no camping shop in the area. We feel the purchaser could look to introduce camping accessories to take full advantage of the gap in the market. The business has a large shop area, generous sized basement and large terrace area. These spaces could be utilised to cater for more stock. The purchaser could also consider an e-commerce website to allow for custom from further afield. Social media would also be a great way to expand customer knowledge. The business is in a prime trading location just minutes from the town centre. The property could be transformed into any type of business, dependant on the correct planning permission. We are advised the purchaser does not have to buy stock currently in the store. This is a fantastic opportunity for a purchaser with an interest in the trade. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
The business is run and managed by our client, with the help of weekend members of staff.
The business opening hours: - Monday: 9:30am – 6pmTuesday - Friday: 9am – 6pmSaturday: 8am – 5pmSunday: Closed
Manklows is located in Sevenoaks, Kent. The business is situated in a large residential area, from this area and the surrounding 5 miles the store derives much of its trade. The business boasts a corner plot next to a convenience store. The area receives heavy footfall and passing trade, due to its busy road location. Sevenoaks town centre is also just two minutes away from this area. Sevenoaks has all amenities and a town centre with a variety of retail outlets, this includes some independent stores and large well-known branded outlets. The town has its own hospital, community centre, leisure centre, park, wildlife reserve and much more. The town is a popular location for those commuting to central London. The town is just a short 45-minute journey via train. Sevenoaks train station is just minutes away from the shop. There is also a bus stop directly across the road from the store. The business is set on the A25 an arterial road, this connects to the M26 motorway network and A21. The A21 is a direct road that runs into Royal Tunbridge Wells.
Manklows boasts a ground floor retail store. The property has large windows across the front with double doors in the centre. The shop is well signed with bright colours, clearly visible to passing trade. There are two customer parking spaces in front and four designated spaces on the side street. There is shelving in the windows for displays. On the right-hand side on entry is the long service counter. This has counter top displays and has a till and PDQ machine. Behind the counter is shelving space and storage. This is a very large retail space with plenty shelving space, glass cabinets and rails. The basement is a great space and is full height. In this area, there is a staff office, bait preparation area with sinks and preparation bath, storage and shelving. Roller shutter access to enclosed storage room added in 1983. This external storeroom also has access to the rear alleyway for deliveries. The sale includes the following equipment: -TillStorage shelvingGlass topped display cabinetsGlass fronted fish food freezerOpen chiller for maggots Shop size 60ft x 20 ft.Basement is 20ft x 20 ft. Added storeroom is 35ft x 12 ft. The business generated a healthy turnover in the region of £134,238 as of the 2016 accounts, with a gross profit of 23%. Manklows boasts a ground floor retail store. The property has large windows across the front with double doors in the centre. The shop is well signed with bright colours, clearly visible to passing trade. There are two customer parking spaces in front and four designated spaces on the side street. There is shelving in the windows for displays. On the right-hand side on entry is the long service counter. This has counter top displays and has a till and PDQ machine. Behind the counter is shelving space and storage. This is a very large retail space with plenty shelving space, glass cabinets and rails. The basement is a great space and is full height. In this area, there is a staff office, bait preparation area with sinks and preparation bath, storage and shelving. Roller shutter access to enclosed storage room added in 1983. This external storeroom also has access to the rear alleyway for deliveries. The sale includes the following equipment: -TillStorage shelvingGlass topped display cabinetsGlass fronted fish food freezerOpen chiller for maggots Shop size 60ft x 20 ft.Basement is 20ft x 20 ft. Added storeroom is 35ft x 12 ft.
Tenure
We are advised the business is being sold as a Leasehold opportunity. New lease to be negotiated. Rent: £19,000 per annum.
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