Sold

Long Established Pet Store

Gateshead, Tyne and Wear

£25,000

Ref: 3051

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Description

Hilton Smythe are delighted to welcome to the market Pets ‘n Bitz The business has been established since 2012 by our clients. Pets ‘N Bitz has repeat local trade and a very loyal customer base. We have been advised that the reason our client has decided to sell the business is due to health reasons. The business currently sells pets supplies such as feed, beds and accessories as well as hardware, gardening and cleaning supplies which is well presented in and outside the store, the business is also known for providing key cutting and engraving services. We are advised that the business is leasehold and has a turnover of £78,000 per annum. We believe there is room to further profit by perhaps introducing live animals to the pet store such as hamsters, mice and maybe birds this might just give the extra push to make the shop the best it can be. Footfall around the business is very high as it is just off the high street but still on a very popular road and around the popular high street shops. The business even has its own website which is http://www.pets-n-bitz.co.uk/ and a Facebook page which is regularly updated with deals and news about the shop. We suggest an early viewing of this business is highly recommended.

Tenure

Leasehold

We are advised that the business is Leasehold.Original lease length is a 10 years and has 6 years lease leftRent £7,500 per annum

Hours

Monday – Friday: 9:00am – 5:00pmSaturday: 9:30am – 4:00pmSunday: Closed

Staff

The business is currently run by 2 owners.

Financial Profile

The business reports an annual turnover of £78,000 and has a gross profit of 41%

Location

The business is situated in Low Fell, Tyne and Wear. One of the more populous of the two dozen or so villages in the Borough of Gateshead, Low Fell has a long and rich history. Low Fell is a beautiful village which has an historic look to it which adds to the charm of the area. The business is situated on a busy main road just off the high street and on a street filled with other businesses including a solicitors, hair salons, convenience store, pubs, post office and banks with large car parks nearby. The nearest bus stop to the business is sitting round the corner on Durham Road, which is also a parade which has many shops and a busy main road.

Premises

The business is a single - fronted terraced premise and is very well signed and very brightly coloured so it makes it noticeable on the street. The shop is filled with shelving and displays showing off new and popular toys and treats which is well spaced out around the store. To the rear of the store there is a huge workshop for cutting keys and engraving | store cupboard. The premise also has access to the yard at the back of the store and there is a reasonably sized kitchen with a toilet. In the middle of the shop is the large service counter with toys and displays and around it. Equipment included:Retail TillEngraving Machine Key Cutting Machine Bench GrinderTassimo Coffee Machine Toaster KettleAll Shelving and Display StandsUnder Counter Fridge Also the business is secured with CCTV coverage inside and outside the business aswell as an alarm for the shop.

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