Business for sale in United Kingdom – Whitby,north Yorkshire – City of London – Ei012-fishing tackle shop and freehold property-whitby,north yorkshire

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Business for sale in United Kingdom - Ei012-fishing tackle shop and freehold property-whitby,north yorkshire

Asking Price: 165,000 £ Real Estate: Ownership
Sales Revenue: 110,000 £
Net Profit: 22,000 £
Year Established: 1998
Employees: 1FT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/City of London/Whitby,north Yorkshire

Business types:

Agriculture, forestry, fishing & hunting

Business categories:

Fishing, Hunting & Trapping ; Other Agriculture

Business description

this is an excellent family run fishing tackle shop that  goes under the name of “rods & reels”. They specialise in sea angling equipment, although they also sell beach, boat and fly fishing equipment. The shop has a fantastic location on the side of whitby harbour which is renowned for its sea angling and claims to be the largest port in england for “wreck fishing”. There are a number of ship wrecks to be found just off the coast and these attract plenty of fish. The anglers are normally looking to catch either cod or ling.

 

the tackle shop benefits from its prominent position on the quayside, with anglers calling in to buy their supplies before going out on one of the many fishing boats in the harbour. The shop carries a wide and extensive collection of rods, reels, clothing, footwear and bait, both live and frozen. This is a shop for the serious enthusiast and their selection of top quality equipment matches their aspirations.

 

equipment:

 

all fridges, freezers, showroom cabinets, fixtures and fittings are included in the sale of the business. the owner is willing to negotiate on the sale of all or part of the stock.

 

key strengths:

 

this is one of the best locations in the uk to have a fishing tackle shop. It is opposite one of the busiest harbours for fishing boats and charter boats selling angling equipment and bait on a regular daily basis to serious sea angling enthusiasts.

 

the business is easy to run with a good cash flow situation and is the recommended tackle shop to the boats in the harbour. The business is well established and has little competition around the local area.

 

the company is profitable, easy to run and has a small mail order service on ebay  which accounts for circa 10% of the companies turnover.

 

growth and expansion:

 

the owner is reaching retirement age and has taken life slightly easier in the last few years. The company has stopped all forms of advertising and turnover has reduced over the past two years. With new owners in charge bringing fresh ideas and enthusiasm into the business the turnover could easily double within a couple of years.

 

the company could benefit immediately from the creation of a website with an on-line shop. Being a major centre for sea angling brings a certain authority and kudos to the shop, which the business should be taking advantage of. Previously the company used to advertise in major angling and fishing publications and mail order sales rose quickly.  there is a tremendous opportunity to sell specialist products to a large national market through the internet as a mail order specialist supplier.

Additional information

Additional information: Not Disclosed
Support & training: The owner would be happy to help with a smooth transfer of the business in any way possible.
Reasons for selling: The owner has now reached retirement age and wishes to take life easier.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: yes
Will owner sell real estate?: yes
Included in asking price?: yes
Value: 0 £
Location: The single storey freehold premises measure circa 500 square feet in total with the main shop window overlooking Whitby Harbour. There is a main shop area which customers can browse around plus a small stockroom and a small kitchen/toilet area. At the back of the shop is a small yard area. The rates are circa £2,400 per year and the freehold shop was last valued at circa £150,000.

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