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Long Established Pet Food Business

Swadlincote, Derbyshire

£110,000 +SAV

Ref: B05696

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Description

Hilton Smythe welcomes to the market Phoenix Pet Foods in Swadlincote Derbyshire, this long-established business has been operated by the current vendor for over 13 years in which time it has built up an enviable reputation for quality and excellent customer service and which due to retirement this rare and exciting business opportunity has now become available.

The business supplies a wide range of pet foods and feeds to the retail sector and has built up a strong and loyal customer base with over 200 regular customers visiting a week. The business is currently supplied by three separate wholesalers to service the retail/domestic sector.

The business has huge growth potential and could easily expand by introducing a stronger on-line presence with an additional ordering/payment platform to expand the retail side further along with targeting trade customers to expand the customer database and start grow this side of the business. The Limited Company is run very efficiently working on a cash/card payment basis with no account customers which enables good cash flow for the business which is being offered to the market as a Limited Company Purchase.

The business has huge potential and would be ideal for an established operator looking for an additional site or a foothold in this sector of the market or an individual or partnership looking for their first business opportunity with the benefit of acquiring a Limited Company with excellent trading history and a swift return on initial investment.

The business operates from a clean and tidy two storey business unit which has the capacity to accommodate future growth and is owned by the current vendor giving the new operator the flexibility of negotiating a new lease. A very rare turn-key business opportunity.

Tenure

Leasehold

We are advised the business is being sold as a Leasehold opportunity with new lease terms to be agreed with the initial rent anticipated to be in the region of £950 per month.


Hours

The opening hours are currently 8.30am to 5.00pm Monday to Friday & 8.30am to 4.00pm Saturday.


Staff

The business is run and managed by the current vendor with 1 x full time and 2 x part time staff assisting.


Financial Profile

We are advised the business is turning over in the region of £166,731 per annum producing £94,541 gross profit and a healthy net profit of £49,756

There are currently no business rates or service charges payable.

Location

Situated on the Rink Way Industrial Estate in Swadlincote Derbyshire the site is easily accessible on foot and by all modes of transport with access to all the local arterial links and plenty of free short stay parking surrounding the site along with vendor and customer parking to the front of the unit.

Premises

Detached two story business unit located on the Ring Way Industrial Estate in Swadlincote, secure roller shutters to the front, racking, food storage units, service counter, kitchenette & WC. Lower ground floor with access out to the rear with additional racking and storage facilities. Vendor and customer parking to the front of the unit.

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