PROPERTY DETAILS
Lease terms:
The premises are leasehold with three years remaining (2013) and comprise of substantial ground floor premises of circa 7,600 sq ft .Annual rent is £1,466.00 per month. Rates are £6,000 pr annum.
BUSINESS DESCRIPTION
Fishing Tackle Importers & Wholesaler to Retail Trade More than 250 Active Trade customer accounts
Ref.EI013
Location United Kingdom
Asking Price £ 895,000
This well known fishing tackle and equipment wholesaler was founded in 1989 and became a limited company in 2004. The business has gone from strength to strength and developed an excellent reputation for specialising in the wholesale supply of a full range of game, coarse and sea fishing equipment and tackle solely to the trade market. There is an excellent customer base of accounts throughout Scotland, Northern Ireland and the Republic of Ireland. The company are direct importers of the comprehensive and growing range of products, supplying between 20-30 brand names making them highly competitive and have excellent contacts in the Far East.
This business also markets its own brand names of equipment, which results in strong market presence and customer loyalty. The trade names of these own brands are long established and highly regarded. With minimal investment these UK and Ireland trade names could be applied for globally, enabling international sales.
The business has always enjoyed excellent levels of repeat business and new customers are regularly obtained through word of mouth referrals.
The premises are kept well stocked with all the top name brands plus having own brand products, thus ensuring clients requirements can be met on demand. There is always a wide range of stock on the shelf. The staff are highly experienced and have an in-depth product knowledge which assists them in providing excellent customer care to their clients. Staff keep customers up to date with current offers and new products and services as and when they are available.
Expansion Potential
The market outlook for this business is very good. With extra investment the new owner could certainly bring the business to the next stage. Profitability could potentially be doubled as the business is not yet serving the England and Wales population and there is limited advertising undertaken. A website is being developed which could include an e-commerce website with automated ordering service.