Please Quote Reference B05821
Hilton Smythe welcomes to the market Pumping Iron Supplements a limited company that was opened by our client in 2015. Due to family ties our client is now looking to sell the business during 2020. Therefore, they have instructed Hilton Smythe to market at a realistic price in order to do so.
Pumping Iron Supplements sells healthy and sporting supplements for people who are in to sports and bodybuilding and have staff who are trained to help customers hit their goals. The business used to also sell gym clothing on the first floor of the shop but during 2019 have sublet the first floor to a barber shop, which pays rent at £400 per month. All equipment within the barber shop is owned by Pumping Iron Supplements.
The business has many returning customers and 5* reviews on Google. The business is being sold with a Facebook page and Twitter account.
There are many reasons to buy Pumping Iron Supplements including:
- Low outgoings.
- Half the annual rent paid by the barber shop.
- High footfall area.
- Growing population in Aylesbury and surrounding areas.
- The new owner should consider strategic plans for an online shop.
Hilton Smythe highly advise early viewing to avoid disappointment.Location
Pumping Iron Supplements is located in Aylesbury, Buckinghamshire within the Friars Square Shopping Centre, which itself is located in the heart of Aylesbury and is a premier shopping destination boasting great shops including House of Fraser, New Look and H&M along with many other chains and independent brands that bring a high footfall to the destination.
There is plenty of parking including a covered car park for the shopping centre and many other surrounding car parks and the shopping centre is located at the main bus terminal.
Aylesbury is a large ancient market town and is the county town of Buckinghamshire. The town has a population of almost 72,000 as of the 2011 census. Due to its ongoing development the population is expected to grow to circa 100,000 by 2023.Premises
The shop is entered from one of the concourses at the Friars Square Shopping Centre.
Inside the shop are many walls displays for supplements
Fridge and freezer for healthy food and drinks
Ceiling mounted sprinkler and CCTV system.
Hanging area for clothing
From the rear of the shop are stairs to the first-floor area with access to the kitchen and toilet, these are shared with the barbers. There is also access to the barbers.
The barbers have 3 barber stations, soft seating in the waiting area and counter. There are 2 storage areas off the barbers which are used by the supplement store.
N.B. The barber’s business is not for sale, but all assets are owned by Pumping Iron Supplements.Tenure
We are advised the business is being sold as a leasehold business opportunity with a 4-year lease from 2019.
The annual rent is just £9,600, half of which is paid by the barber’s shop.
We have been informed that the premises are business rates exempt.Hours
Monday - Saturday: 9am – 5.30pm
Sunday: 10.30am – 4.30pmStaff
The business is run and managed by our client, with the help of a full-time member of staff.Financial Profile
Pumping Iron Supplements generated an advised turnover of circa £148,863 as of the 2019 accounts, with a gross profit of £75,186 and a net profit of £42,169.
The barber shop pays rent of £4,800 per annum.
The assets being sold with the business are worth in the region of £10,000.
The average stock value is in the region of £5,000.
For further information please quote reference B05821.