Hilton Smythe welcomes to the market Fly Fishing Tackle. For sale due only to our client's wish for a well-earned retirement.
A popular and preeminent Fishing Tackle retailer, which has gone from strength to strength with excellent historic accounts and financials.
A rarely available operation for its size, Fly Fishing Tackle has positioned itself as one of the United Kingdom's premier fishing tackle retailers, largely due to its traditional excellent customer service, friendly staff and sector knowledge.
The business is a main dealer for brands such as Loop, Vision, Redington, and Rio Fly-Fishing. A superb and well stocked mix of leisure gear, sea fishing equipment, fly fishing supplies, cookery & filleting, and survival wear.
In our client's ownership since 2003, the business has grown rapidly into a forerunner in its field. Locally renowned with regular repeat high street custom, and regular clientele throughout the year. The business also benefits from a truly national reaching website and domain www.fly-fishing-tackle.co.uk boasting a huge repeat custom, high web traffic, excellently Google rankings, and producing over two thirds of the annual turnover. Social media could be expanded as a further addition to this ever growing and successful part of the operation.
Although an already profitable and successful concern, scope and growth remains for a new husband wife team, partnership, or small family unit.
TENUREWe are advised the business is being sold as a Leasehold business opportunity.
Original lease length: 6 Year renewable lease
Remaining lease length: 3 Years
Review period: 3 Yearly
Rent: £8280 pa.
We are advised that the business rates payable are £3030 pa.
HOURSThe business opening hours:
Monday: 9:00 to 17:00
Tuesday: 9:00 to 17:00
Wednesday: 9:00 to 17:00
Thursday: 9:00 to 17:00
Friday: 9:00 to 17:00
Saturday: 10:00 to 13:00
STAFFThe business is run by two Proprietors, and 1 full time member of staff.
FINANCIAL PROFILEThe annual accounts show an average turnover of £200,000 per annum net of VAT, with a gross profit circa £80,000 pa.
Current stock levels roll at around £200,000, owing to the demand levels.
Fly Fishing Tackle is located in Crediton, within the county of Devon.
Situated in a busy and charming town centre square. Aadjacent to plenty of other complimentary and independent local businesses. Fly Fishing Tackle has excellent kerb appeal, and inviting signage, with on road parking to the surroundings streets.
Crediton is a bustling market town in Mid Devon, with a busy main high street housing plenty of local and independent operators, a refreshing change to the high street chains. Standing on the A377 Exeter to Barnstaple road, (Exeter 7 Miles) there are excellent public transport links to the surrounding towns and villages including nearby Tiverton.
With a population circa of 21,000, there remains plenty of 'big business' to the outlying areas including the UHT Milk dairy. Both the River's Creedy and Exe are within easy reach.
A modern built ground floor retail unit circa 80 sqm, briefly comprising front counter and over serve, large shop floor area and substantial front window display.
Tastefully presented throughout with free standing merchandise and rack mount displays and shelving. Extremely well appointed and maintained.
Ancillary and staffing areas including Office, WC's, Storage, Kitchen, and access to rear yard and shared staff parking.