Leisure/hospitality for sale in Cirencester, Gloucestershire GL7

£165,000
Leisure/hospitality for sale
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Property features

  • A well-established business that has been operating since 1998, Located in Area of Outstanding Natural Beauty
  • Turnover to y/e 2019 of £152,504 with an impressive adjusted net profit of £77,246.
  • March 21 launched an open plan day care area and outside activity area. This new line of revenue has the potential to turnover £100,000 each year on top of the previous boarding revenue
  • The current lease runs until 2036 with extremely favourable terms, Excellent customer base in affluent area. Now awarded 5 star council rating.

Property description

Reference - 48200

Description
Spatchcock Kennels is located in the village of Ablington, in acres of beautiful countryside in a picturesque part of the Cotswolds, close to Bibury and Cirencester and within a short distance of Cheltenham, Burford, Fairford and Stow-on-the-Wold.

Spatchcock Kennels is a family run business offering fully licensed, spacious kennels, some of which are capable of accommodating up to 4 dogs from the same family (depending on the size of the dogs). The business benefits from having a secure one-acre field close by for walking and exercise, in addition to authorised use of acres of farmland. Each pen has its own outdoor run and individual heating for comfort during the colder months. The turnover for y/e 2019 was £152,504.

There is no residential accommodation included with the business, however the local licensing authority allows the owner to live within a 30 minute vicinity of the kennels as long as emergency measures are in place. There are currently a number of farm cottages in the village undergoing renovation and will be available for rent Spring 2021. There is also the option for someone to stay overnight in the kennels as the grooming salon can accommodate a fold up bed and there are shower and kitchen facilities.

The current owners have run the kennels since 2016 and have made significant improvements to the building and doubled the turnover within 3 years, creating a business with an excellent reputation. During lockdown, changes were made to the layout of the building to create a grooming salon and shower room, and now an open plan doggie day care area, both giving significant additional income potential on top of the 2019 figures. Other services such as puppy training and socialisation classes have recently been added, as well as the hiring out of the secure field for customer use and use of an agility course.

Registered Numbers
From March 2021 registered numbers have increased from 55 to 68 (48 boarding and 20 day care). There are 32 kennels for boarding and an open plan area for day care.

Prices
Boarding
1 dog - £22.50 per day
2 dogs sharing (same family) - £34 per day
3 dogs sharing (same family) - £42 per day
4 dogs sharing (same family) - £47 per day

Discounts of 10% apply to stays of 3 weeks or more.

Bookings are not confirmed until 50% deposit paid (non-refundable if cancelled within a month of boarding, half refundable if cancelled more than one month before boarding). Balance to be paid on drop off.

New open plan day care 2021
£20 per day or £15 for a half day

Accounts
Available accounts are to year end 2019 and are summarised below:

2019 - Sales £152,504 gp £87,102


2018 - Sales £132,340 gp £87,678


2019 - Net Profit £23,295


2018 - Net Profit £15,798


2019 - Adjusted Net Profit £77,246



Trading Hours
Monday to Sunday 07:45 to 18:00

Staff
Managed by the owners with part time and casual staff.

Building External
The building is a long rectangular single storey building, previously a water pumping station, with an enclosed outside holding area and rear yard with a storage shed and quarantine unit. The building sits next to a bridleway on a farm, with a grass embankment opposite which leads up to the one-acre walking and exercise field which is included within the lease.

Building Internal
The main entrance opens into a reception hallway with an office to the right, the building then splits into a long corridor running through the middle of the building, to the left the corridor leads to the open plan day care area and the grooming salon.

On the opposite side of the corridor to the office is a kitchen and utility room, then moving down the corridor there is a toilet on the left followed by a dog shower room, 2 oversized pens and 12 pens. To the right of the corridor there are 18 pens and at the end an exit leading to the rear yard.

Residential Accommodation
There is no residential accommodation included with the business.

Tenure
We are advised that the property is held on a 20-year lease which commenced in 2016. The annual rent is £1,800 per annum exclusive (correct as advised on 01/12/20). The current lease expires in 2036. We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
This is a rare opportunity to acquire a profitable boarding kennels and day care business in a highly sought after and affluent area of the Cotswolds attracting very good fees. The business is well established and has been run to a high standard by the current owners and benefits from a very low rental arrangement with a long lease. The addition of the new services offers significant increases to the previous turnover. Early viewing is highly recommended.

Arrange Viewing

For more information about this property, please contact
Redwoods Dowling Kerr, PR2 on +44 1772 913296 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Redwoods Dowling Kerr, and do not constitute property particulars. Please contact Redwoods Dowling Kerr for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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