Animal Feeds & Animal Bedding Cash & Carry Located In Kenilworth

Animal Feeds & Animal Bedding Cash & Carry Located In Kenilworth
Coal & Bottled Gas Supplies
Ref 2820

Location
This long established Animal Feeds & Animal Bedding Cash & Carry is located in Kenilworth, Warwickshire. Situated on Brees Lane Farm where the owners operate the business and also live on the site. There will be a new lease granted to the purchaser which will have use of circa 11,500 sq ft of retail and storage space.

Leasehold Asking Price: £295,000 plus SAV (£100,000)

Business Description
Veritas Business Sales are privileged to offer to the market this respected Animal feeds & Animal Bedding Cash & Carry which is located in Kenilworth. The business was established back in 1873 as coal merchants and located in Berkswell but then moved to its current location in the 1960’s. In 1977 the business started selling animal feeds, hay and shavings. Reluctantly our clients are now offering the business for sale so that they can enjoy a well deserved retirement.
Over the years the business has evolved and introduced new product lines to keep up with public demand and has sustained continual growth. Gibbs Brothers is owner operated by 3 family members working full time with the help of 1 casual member of staff. For year ending 31st March 2022 they posted an annual turnover of £1,265,226 with a GP of £305,971 (24.1%) producing a very healthy net profit of £209,705 after having paid one of the family members a £40,000 salary which is essentially an addback to the net profit. The split of turnover is approximately 50% animal feeds, bedding and pet accessories, 40% from pre-packed coal and kiln dried logs and the remaining 10% is bottled gas (Flo gas agents). A large proportion of the turnover is walk in trade from regular customers with the owners making some deliveries when necessary.
We believe that a new owner operators could significantly increase turnover should they wish, by implementing an e-commerce website for click and collect deliveries, by expanding the pet products range and maybe adding dog beds. The business has built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established and profitable turnkey business with further potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday – Friday – 8:00am – 5:00pm
Saturday – 8:00am – 3:00pm
Sunday – closed

Leasehold
New lease to be granted
Term: negotiable
Rent: £50,000 pa
Business rates: zero

Ground Floor
Retail area (6,500 sq ft) comprising: double door entrance leading to retail area with sales and display racking, serve over sales counter with office area, log burner and 2 x portable gas heaters. 2 x upright drinks fridges (Gram), small walk-in cold room and side roller shutter openings. This leads to a second retail area to the rear which also has roller shutter side openings.
Front feed storage room with storage racking and front roller shutter openings.
Storage unit opposite (5,000 sq ft) which is open plan and has 2 roller shutter openings. All new stock lands here and is moved into the retail cash & carry opposite as and when needed.

External
There will be use of a yard area to the frontage and side with parking.