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Shop for sale

Spendmore Lane, Chorley, Lancashire, PR7

Leasehold £59,999
295 sq. m.

Property Description

Commercial information

  • Business for sale
  • 3,175 sq ft (295 sq m)

Key features

  • REF 12560
  • LEASEHOLD BUSINESS
  • FISHING TACKLE BUSINESS

Full description

Tenure: Leasehold

LOCATION
Coppull Angling Centre occupies substantial ground floor premises, ideally located within the village of Coppull, near Chorley, Lancashire. The business is surrounded by a mix of complimentary shops, businesses and densely populated residential estates, from which the business derives much trade. The angling centre benefits from private off street parking facilities to the side of the premises, as well as on-street parking within the area.

Coppull is a village and civil parish and is part of the Borough of Chorley. According to the 2011 census, Coppull had a residential population of 7,959. The village is a very popular place in which to live and work, due to its close proximity to the much larger towns of Chorley and Wigan.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Chorley, which is approximately 3 miles away. The area is also well served by the A-roads, with the A49 being within easy driving distance, which links to the national A-road and motorway networks. Wigan is approximately 7 miles away and Preston is 15 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and very popular angling retail business, which is ideally located within Coppull, Lancashire.

The business was established by our clients' in 2001 and is only now being offered to the market due to our clients' desire for a well-deserved retirement. The business currently operates 6 days per week and generates a turnover in the region of 306,500 per annum, with a gross profit of approximately 29%.

Our clients offer a wide variety of fishing tackle and accessories including, rods, poles, reels, bait, alarms, rod supports, fishing shelters, clothing and footwear, to name a few. The business specialises in Coarse, Carp, Pike, Sea and match tackle, as well as selling permits for local fishing.

The property boasts approximately 295 sq. metres of floor space, with the main retail area to the ground floor and a further sales room to the first floor. The business is extremely well fitted out to suit the trade.

The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours to later in the evening, especially in the summer months. A new owner could also embark on a modest marketing campaign to highlight the excellent goods and services offered. The business already has an excellent and informative website in place to promote the business at www.coppullanglers.co.uk, which incorporates online ordering facilities.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

PREMISES
Substantial two storey premises in an ideal trading location, briefly comprising:

Ground floor:

Large double shop with extensive frontage.
Spacious sales and display area.
Serve over counter with electronic cash register and credit/debit card terminal.
Shelving and racking.
Display units.

Office/stock room.
Kitchenette.
2 x WCs.
2 x storage rooms.
Bait room with refrigerators.

First floor:

Sales and display area.
Storage area.
Kitchenette.
WC.

External:

Good clear signage.
Car park for 4 x vehicles.
On street parking within the area.

Equipment included:

Serve over counter.
Racking, shelving and display units.
Refrigerators.
Freezer.

TENURE
We are advised Leasehold:

Remaining lease length: 2 years as of July 2016
Rent: 17,200 per annum.

A new 10-year lease is available.

HOURS
The business is open:

Monday - Thursday: 8.00am - 5.30pm
Friday: 8.00am - 6.00pm
Saturday: 8.00am - 5.30pm
Sunday: 8.00am - 1.00pm

STAFF
The business is owner run and managed with 2 x part time staff members and 1 x casual staff member.

FINANCIAL PROFILE
The business generates a turnover in the region of 306,500 per annum, with a gross profit of approximately 29%.


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