Features and description

Established Business
Canoe, Kayak & Paddleboard Retailer
Business To Be Relocated
Huge Opportunity To Increase Trade
Fantastic Lifestyle Business
Niche Business
Net Profit £100 K

Independent Canoe, Kayak & Paddleboard Retailer Located In Cornwall
Huge Opportunity To Increase Trade
Fantastic Lifestyle Business
Business To Be Relocated
Ref 2727

Location
This highly successful Canoe, Kayak & Paddleboard retailer is currently situated near Redruth, Cornwall. The business is currently operated from a 1500 sq ft unit but the new purchaser would need to relocate the business.

Asking Price: £19,950 plus SAV (£70,000)

Business Description
Veritas Business Sales are delighted to offer for sale this Canoe, Kayaks, Paddleboards and accessories retailer which is currently located in Cornwall. The business was established back in 1985 by the current owner and is now being offered for sale so that they can enjoy a well deserved retirement.
Since ownership our clients have developed their business into the largest independent retailer for Canoes, Kayaks, Paddleboards and related accessories in Cornwall. The business will need to be re-located ideally within the Camborne, Helston, Truro, Penryn, Falmouth area. Wild Things proudly retail only UK manufactured Kayaks by Tootega, Wilderness Systems, Dagger, Pyranha, Islander and P&H Sea Kayaks, similarly so with paddles and are also a Palm Equipment stockist. These prestige accounts are only available to the owner of the business. The business comes with an excellent reputation and lots of well recommended referral business. All main trade accounts have agreed to continue to supply the new owner subject to satisfactory credit references. The business is owner operated and achieved sales for year ending 31.10.21 of £310,254 with a GP of (36.5%) and net profit of circa £100K.
We believe that there is huge opportunity to increase trade. The business is currently under-trading by having no on-line sales, no social media marketing and their own website is obsolete. The business also does not trade for four months of the year. If these parts of the business were addressed, this would lead to a significant rise in income. They enjoy a strong reputation within the local community and beyond and as such have a high level of regular repeat trade. This is a superb opportunity to purchase an established niche business with great prospects which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Opening Hours
Monday - Saturday - 10:00am - 5:00pm
Sunday - closed

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About this agent

Veritas Business Sales - Solihull

Central Boulevard, Blythe Valley Business Park Solihull, West Midlands B90 8AG

0121 721 6440

Full profile Property listings

Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

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