Business Hilton Smythe welcomes to the market, Alcester Sports & Tackle.
Alcester Sports & Tackle was founded by the current owner in 1978 and the business has built up a solid reputation and a large and loyal customer base which spans several generations. The business is now being sold, albeit reluctantly and with a heavy heart, only so that the owner can enjoy a well earned retirement, he is keen to see his well loved business pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
Alcester Sports & Tackle sells a comprehensive range of fishing Tackle and clothing, air guns and accessories and gardening and sporting knives. Additionally the business offers a Tennis Racket restringing service. Fresh bait such as maggots and worms are available as well as casters, flavoured meats and carp pellets.
The retail shop is stacked to the rafters with stock from manufacturers including; Leeda, Ancher, Garbolino, Maxima, Drenna, Masterline, Daiwa, Maver, Fisheasy and Dinsmores.
The sale will include the company website () and the business enjoys good visibility on the internet. The business has an impressive number of regular customers many of whom have been using the business for many years and are known on a first name basis by the owner who is a popular and well respected member of the local community.
Scope to Improve 1.Advertising and marketing campaign 2.Maximise the use of social media 3.Extend the opening hours 4.Update the existing website perhaps adding an e commerce facility 5.Consider the addition of an eBay shop 6.Increase the signage from main road to drive customers to the business.
Reasons to Buy 1.A well established business with an enviable reputation and many existing customers 2.A real lifestyle business ideal for a keen fisherman or sportsperson 3.Ideal owner managed or husband and wife business 4.Current owner happy to offer a handover to ensure the continued success 5.Low running costs with inexpensive rent and no business rates. 6.A real opportunity to increase turnover significantly, current owner has been running at a pace to suit.
Hilton Smythe highly advise early viewing to avoid disappointment.
Location Alcester Sports & Tackle is located in Alcester in Warwickshire.
Alcester is a market town and civil parish of Roman origin at the junction of the River Alne and River Arrow in Warwickshire, approximately 8 miles west of Stratford-Upon-Avon and 8 miles south of Redditch close to the Worcestershire border. Alcester is a significant town on the 100 mile long Heart Of England Way, long distance walking route.
Alcester is served by buses from Redditch, Evesham and Stratford-Upon-Avon.
Alcester Sports & Tackle is ideally Located at the busy Arden Forest Industrial Estate and sits alongside other complimentary businesses. The business is nicely presented and maintained with clear visible signage and there is free parking immediately outside the premises.
Premises The business occupies a purpose built, inner terraced retail unit and briefly comprises;
Shop Security shutter and pull out canopy. Window and glazed door to front creating a light airy and inviting interior, cleverly designed to maximise the space available, well stocked shop with perimeter shelving, gun racking to rear, bespoke counter with till, Card Machine and generous wrapping area, glass topped chest freezer, lockable gun cabinet with finger print recognition. The premises are secure by a monitored alarm and 4 camera CCTV system.
Stockroom To the rear of the counter is a generously proportioned stockroom with perimeter shelving and floor storage space. There is a walk-in chiller that is currently used for storage only but could be re-gassed and reinstated. Kitchen area with a range of base and wall units, stainless steel sink and drainer and space for fridge and microwave. A riddling machine for the grading of maggots is also included. WC
There is a staff toilet with a hand wash basin and window to front
There is a mezzanine storage area. Tenure
Tenure We are advised that the business is being sold as a leasehold business opportunity. The existing lease is arranged on a 3 monthly rolling basis but we are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.
The rent is an extremely reasonable £3840 Per Annum.
We are advised that the business benefits from being exempt from business rates.
Staff The business is run and managed by our client.
Financial Profile Alcester Sports & Tackle generated an advised turnover of circa £43,000 as of the 2018 accounts with a gross profit of approximately 30%. It needs to be stressed that the business is currently being run at a pace to suit.
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