Online and In-Store Hydroponics Business Based in Plymouth

Plymouth, Devon
REF: S06306

Asking Price:
£14,995
Annual Turnover:
£200,000
Annual Net Profit:
£30,000
REF: S06306

Overview

Tenure:
Leasehold
Established:
1998
  • Industry growing by 20% per year
  • Extensive range of horticultural products
  • Long-standing in the community
  • Both Online and In-Store
  • Huge scope for growth

The business for sale is a retail and online shop specialising in hydroponics, ventilation and lighting equipment for horticulturalists.

Established in 1998, the business is longstanding within Plymouth and is recognised for providing and extensive range of products: lighting, ventilation, tents, nutrients, tanks/pots and pest control.

This is a venture which presents a potential buyer with a lucrative base in which to continue successfully running the business. The industry as a whole is growing by 20% per annum and this will benefit the both the online and retail shop greatly.

There is also a sublet area upstairs which helps to offset rent

The business is now for sale on a leasehold basis.

The business is situated in a prime location in the thriving city of Plymouth, placed directly near Devonport Royal Navy Dockyard. This dockyard itself employs 2,500 service personnel and civilians, supports circa 400 local firms and contributes approximately 10% to the city’s income.

The business operates from a three storey Victorian end of terrace house, consisting of whitewashed walls, a slate roof and is placed at end of parade of shops in Devonport. The shop has a contemporary/standard layout, a good-sized retail area, a stock room as well as toilet and kitchen facilities. Upstairs is sublet space.

In addition to the premises, the business also sells equipment online – this aspect contributes 20% of the annual turnover. The website allows customers to order the products, which will be delivered to an address of their choice. The sales accumulated online contribute to 20% of the annual turnover.

All equipment is included within the sale and a transitional period is available.

Intelligent is pleased to bring to the market this long-established hydroponics shop with good reputation and huge potential in Devon. This is an opportunity which would suit a potential buyer with an interest in this industry, in particular, a keen horticulturalist would be ideal.

There is also an opportunity for further growth. A further route for expansion would be to increase the stock - with demand for services growing, a larger amount of stock available would accommodate more needs met. A prime opportunity would be to expand the range to retail plants as this would complement the hydroponic equipment perfectly.

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  • City centre location
  • Other local businesses nearby
  • High footfall
  • Public transport access
  • Minimal local competition
Rent
£10,000
Rates
£0
Lease Term
TBC
Lease Expiry
TBC
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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