Independent Canoe, Kayak & Paddleboard Retailer located in Cornwall. Huge opportunity to increase trade. Fantastic lifestyle business. Business to be relocated. Net profit £100K.
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 The business is currently under-trading by having no on-line sales, no social media marketing and their own website is obsolete.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.
