Status: Completed
Tenure: Leasehold
Leasehold Rent: £8,700 per annum
Turnover: £148,000
Fishing Tackle in LydneyFishing Tackle in LydneyFishing Tackle in Lydney
£61,950 + SAV

Fishing Tackle in Lydney

Completed
  • Reference: 1783
  • Location: Lydney, Gloucestershire
Hilton Smythe is delighted to welcome to the market this fishing tackle and gunsmith business in Lydney, Gloucestershire. The business was established by our client in 2001, only now is the business offered to the market due to our client's well deserved retirement. The business is open 6 days per week and generates a turnover in the region of £148,000 per annum, with a gross profit of 40%. Our client offers a wide variety of fishing related items including fishing tackle, bait, outdoor clothing, guns and related accessories.

We feel there is scope to increase the turnover by extending the opening hours and perhaps opening on Sunday, for which we believe there is demand. The business would further benefit from creating a website and offering online sales. The business has an excellent reputation within the area and has a very loyal client base and a vast amount of repeat custom. The property is well maintained throughout. We feel this is an ideal opportunity to acquire a well-established and thriving tackle and gun shop with immense scope for future growth, early viewing must come highly recommended.

TENURE

We are advised Leasehold:

Original lease length: 6 years
Remaining lease length: 2½ years
Review every: 3 years
Rent: £8,700 per annum

HOURS

The business is open:

Winter:
Monday - Saturday: 9.00am - 4.00pm
Sunday: Closed

Summer:
Monday - Saturday: 9.00am - 5.00pm
Sunday: Closed

STAFF

The business is owner run and managed with 1 x part-time staff member.

FINANCIAL PROFILE

The business generates a turnover in the region of £148,000 per annum, with a gross profit of 40%.
Forest Tackle occupies substantial double fronted premises within the heart of Lydney, Gloucestershire. The store is surrounded by a wealth of complementary shops and businesses and benefits from on street parking just a short walk away from the premises. The business is located on High Street within the town and boasts a high volume of footfall and a vast amount of passing trade. The town is a desirable place in which to live and work and boasts a variety of amenities, including schools and good leisure facilities.

The area is well served by the public transport system with several bus stops within easy walking distance of the property. The nearest railway station is approximately one mile away. Lydney is a small town in Gloucestershire and is located on the west bank of the River Severn, close to the Forest of Dean. Lydney is well served by the A-roads with the A48 being approximately ½ mile away from the property, which links to the vast A-road and motorway networks. Chepstow is approximately 8½ miles away and Gloucester 20 miles away.
Double fronted lock-up premises, briefly comprising:

Main sales and display area with:
Trade specific display and hanging hooks to exhibit the vast range of angling/fishing equipment.
Central island displays.
Main sales counter with electronic cash register and card payment machine.
Bait refrigerator.

Security box for guns which include air pistols, rifles and shotguns, as well as cartridges, silencers and ammunition.

Store room 1: Large room/office with racking/shelving for stock and steel security doors.

Store room 2: Racking and shelving for smaller boxed items, rods and reels.

Store room 3: Large walk-in refrigerator also used as a preparation room for the live bait.

Store room 4: Small room used for storage packing equipment with sink, WC and refrigerator.

Kitchen with sink, units and rear access to yard.

The business has a 4 camera CCTV system and movement detectors in place.