Status: For Sale
Tenure: Leasehold
Leasehold Rent: £900 per month
Turnover: £183,000
Busy Airgun & Accessories Business in DeddingtonBusy Airgun & Accessories Business in DeddingtonBusy Airgun & Accessories Business in Deddington
£39,950 + SAV

Busy Airgun & Accessories Business in Deddington

For Sale
  • Reference: 3023 J
  • Location: Deddington, Oxfordshire
Hilton Smythe is delighted to welcome to the market this well-established and popular specialist airgun and accessories business in Deddington, Oxfordshire.

The business was established by our client in 1998 and is only now being offered to the market due to our client's desire for a well-deserved retirement. The business currently operates 6 days per week and generates a turnover in the region of £183,000 per annum, with a gross profit of approximately 39%.

Our client offers a wide variety of airguns and accessories, all of which are held in a secure facility and include the most popular 12ftlb and FAC rifles and pistols in the UK, as well as many add-ons for hunting and target. The range includes new and used rifles and pistols, repairs and servicing, air bottle filling service and clothing and promotional products. Our client is a registered member of the Gun Trade Association.

The property is very well maintained and fitted out to suit the trade. The business has built up an enviable 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. A new owner could also embark on a modest marketing campaign to promote the goods offered. The business already has a very informative website in place to promote the business, which we feel would benefit from online ordering facilities.

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

TENURE

We are advised leasehold:

Original lease length: 6 years
Remaining lease length: 2 year extension
Review every: 3 years

A new lease is to be advised.

HOURS

The business is open:

Monday - Friday: 10.00am - 5.30pm
Saturday: 9.00am - 5.00pm
Sunday: Closed

STAFF

The business is owner run and managed with 1 x staff member

FINANCIAL PROFILE

The business generates a turnover in the region of £183,000 per annum, with a gross profit of approximately 39%.
Otmoors Airguns occupies substantial ground floor premises, ideally located within the quaint town of Deddington in Oxfordshire. The business is surrounded by a mix of commercial and residential properties and benefits from a good volume of footfall and passing trade. The business further benefits from good on street parking facilities within the immediate area.

Deddington is a civil parish in Oxfordshire, approximately 6 miles south of Banbury. According to the 2011 census, the town had a residential population of 2,146. In scale Deddington is a village but it has a town centre with a market place. Amenities within the town include several shops, hotels, restaurants and four public houses, as well as holding regular farmers markets.

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 Kings Sutton, which is approximately 3 miles away. The area is also well served by the A-roads, with the A4260 being within close proximity, which links to the vast A-road and motorway networks. Chipping Norton is approximately is approximately 10½ miles away and Oxford is 20 miles away.
Substantial ground floor premises in an ideal trading location, briefly comprising:

Security grill and door entrance.
Full length serve over counter with display cabinets showing pistols, accessories etc.
Gun racks to rear of counter.
Various display racks and units for clothing, cases and targets.
Curtained storage area.
WC.
Rear room with kitchen area, desk, work bench and wall racking storage area.

External:

Security grills to all windows.
Internal security grill and door.

Contact us today for more information

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