* New Lease To Be Granted
* Animal Feeds & Bedding Cash & Carry
* Coal & Bottled Gas Supplies
* Established 1873
* Turnover £1. 2 Million
* Very Profitable
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.

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