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Shop for sale

Broadway, CO15

Leasehold 35 sq. m. | £9,000

Property Description

Commercial information

  • Business for sale
  • 376 sq ft (35 sq m)

Key features

  • REF 12295
  • LEASEHOLD
  • PET SHOP

Full description

Tenure: Leasehold

LOCATION
Jaywick Pet Supplies is located in Jaywick, Clacton on Sea, Essex.

This area is just a short walk from the coast line and therefore this area sees a generous amount of tourism. This location is mostly residential however there are a few independent stores. Next door to the pet shop is an amusement arcade and a furniture shop. There is a pub, take away and a Chinese directly facing.

The road on which the business is located runs across the coast for around a mile where is then connects inland to main A-roads. There are several bus stops along this road with regular daily routes into the town centre.

BUSINESS
Hilton Smythe is delighted to welcome to the market Jaywick Pet Supplies. The business was originally established by our clients in 2009. The owners are now looking to sell the business due to health issues.

The business is run as a pet store selling a vast range of stock such as, dry, wet and frozen food, small animal food, bird food, accessories, beds and much more. The sales are split 70% retail and 30% deliveries. The deliveries are popular but can be increased by the new owner.

The business is known in the area for its great customer service and for the sale of Sovereign dry dog food. The store offers a great selection for all dog types at great prices. We are advised the store sells over 31 tonnes of the dog food each year. We feel the sale of dog food is so high due to the close proximity to the beach front which attracts a lot of dog walkers daily.

We are advised the current turnover for the business is around 112,000 with a gross profit of 28% as per 2016 accounts. This is a very popular pet shop in its location as there is little completion around. The business highly benefits from repeat loyal trade from the many locals.

There are many ways we feel the new owner could boost this already healthy turnover. One way would be to add live pet sales. The new owner should be experienced in this trade and could benefit from having a live pet licence. Introducing plants and flowers would also be a great way of increasing income. The stock can be laid out on the terraced area as an eye catching display.

There is little competition that stock the substantial amounts of products this store has and therefore we feel this would be a great opportunity for any purchaser looking to buy a successful business in this trade. Hilton Smythe highly advise early viewing to avoid disappointment.

PREMISES
The business boasts a colourful corner premise amongst a retail parade of stores. The large windows that are around both sides of the premise are covered with bright signage.

Inside the store is a generous amount of floor to ceiling perimeter shelving. The retail space is separated by large central shelving. To the right on entrance is the service counter which is also used to display products.

Equipment includes-
Till
Counter
3 x Glass topped chest freezers
Shelving
Racks

To the rear of the premise are two storage rooms and also a staff toilet. There is a large terraced area at the front of the property which can be used for signs to promote special offers. There is also space for parking.
TENURE
We are advised the business is Leasehold.
Rolling monthly agreement, new lease available on negotiation.
Rent: 95 per week

HOURS
The business is open-

Monday - Saturday: 9am - 5pm
Sunday: Closed

STAFF
The business is run and managed by our clients.

FINANCIAL PROFILE
The business generates a turnover in the region of 112,000, as of the 2016 accounts.
With a gross profit of around 28%


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