Business Hilton Smythe welcomes to the market Deepdale tropical Rooms, which was taken over by our client in 2007 and has been an aquatic centre, under a different name, since 1986. Our client is now looking to move out of this industry to pursue other business interests.
Deepdale Tropical Rooms offers a wide variety of tropical, pond and cold-water fish, along with dry and live food and fish accessories, including tropical tank plants, and artificial plants. They pride themselves at offering a great customer service and competitive prices.
Deepdale offers reptile boarding for up to 6 reptiles per night at £2.50 per night plus a surcharge for food and bedding.
Deepdale has many repeat customers, known on a first name basis, with many customers travelling especially from up to a 10-mile radius.
The business is being sold with the website
Although the business has a strong local reputation there is scope for development by increasing reptile sales and expanding the accessories in order to improve turnover and profitability.
The outside space could also be utilised for displaying further products. Prices could also be looked at and maybe increased slightly to improve turnover and profitability.
Furthermore, the opening hours could be looked at to include Mondays.
Hilton Smythe highly advise early viewing to avoid disappointment.
Location Deepdale Tropical Rooms is located in Potton, Bedfordshire on a small complex alongside a veterinary surgery and with ample parking.
Premises Outside there is parking for several vehicles on the forecourt, where you will also find the outside Koi tank.
There is an entrance door into the main showroom which has several tank displays for cold water fish, racking for accessories and a section that could be used to house the reptiles.
The serving counter is also in this area, from this area is the main showroom with a large display of colourful tropical fish show room with many two-tier tanks with storage facilities below, there is also a 4-tier aquatic plant pond and other displays.
From here there is a door to the outside and another door that leads to the quarantine area with several quarantine tanks, fridge, freezer and toilet facilities.
Tenure We are advised the business is being sold as a Leasehold business opportunity with a new lease to be signed when the new owner takes over.
The annual rent will be £20,000 and rates are circa £4000 per annum.
Hours The business opening hours:
Tuesday - Saturday: 9am – 5pm
Sunday: 10.30am – 4.30pm
The lease does permit longer opening hours.
Staff The business is run and managed by our client and our clients partner with the help of some ad hoc members of staff.
Financial Profile Deepdale Tropical Rooms generated an advised turnover of circa £90,886 as of the 2017 accounts, with a gross profit of £45,187 and a net profit of £8,989
The assets in the business are worth circa £15,000
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