Aardvark Alternatives
Business Summary
This established retail business, located in Carmarthen, is well known for providing alternative food produce and gifts in its locality. With an impressive repeat customer base, consistent revenue, and comprehensive product offering, it represents an excellent opportunity for a potential buyer to enter this market through an established channel with a loyal customer following. Sales have been consistently on the rise year on year with impressive profits.
Business Overview
Location: Carmarthen, South Wales
Premises: Operated from a freehold retail premises with separate owners’ apartment to live in or rent out for additional income, plus separate two storey outbuilding to use as storage or conversion for additional retail space.
PRODUCTS AND SERVICES
Food Retail: The store specialises in alternative ingredient products including a vast range of wholefood vegan products, dairy free products, vegetarian and more. The business has long standing working relationships with local both local and national suppliers.
Health: The business is a well-known supplier of herbal and therapeutic remedies and medications adding to the unique nature of the business.
Products: The store offers a unique range of gifts alongside the food retail, offering a complete retail experience, all of which are ethically sourced and in line with the philosophy of the store.
Drinks: The store offers takeaway drinks including smoothies, coffees, and other hot/cold drinks with unique differences to a traditional café. The premises has space allocated on the first floor for customers to use as a relaxation area to enjoy drinks/products from the retail store
Key Highlights:
Strong Market Position:
Established brand with a loyal customer base in Carmarthen and surrounding areas.
Known for its innovative solutions and high-quality service.
Robust Financial Performance:
Consistent revenue growth year over year.
Solid profitability with potential for further expansion and revenue streams.
Strategic Location:
Situated in a bustling commercial area with high foot traffic.
Accessible location with ample parking space.
Innovative Product/Service Range:
A diverse range of products/services that caters to a wide spectrum of customer needs.
Opportunity for expanding the product/service line-up.
Potential for Growth and Expansion:
Untapped market segments provide a runway for further growth.
Opportunity for geographic expansion and franchising.
Supportive Transition:
Owners are willing to provide a supportive transition to ensure continued success.
Staff and Management
Key Staff: The business is operated full time by the current owners and a small team of part time staff.
Equipment: The store has been fully fit out with everything needed to stock and present the store a particularly good standard with ceiling track spot lighting, wooden storage racking throughout the retail store along with several refrigerators for fresh produce.
Reason for Sale and Terms of Sale
The owner is pursuing other business opportunities and is looking to sell this established business to a resolute entrepreneur or investor. They seek a smooth transition with handover period available.
SWOT ANALYSIS
Strengths: Strong brand recognition and unique market offering with little/no local competition.
Weaknesses: Limited to geographical area with no current website.
Opportunities: Expansion of services, increased marketing efforts, and leveraging online channels for online sales/subscription services. Investment in the website and introduction of a monthly subscription box/product line.
Threats: New entrants in the market.
PREMESIS
Retail Space: The ground floor is dedicated to retail floor space, with a mix of shelving and refrigeration units.
First Floor Space: This floor is used for office space and part of this space is allocated for additional retail space and used as a café seating area for customers to use, creating a user friendly and comfortable retail experience. An additional room is sub-let as therapy room, providing additional ad hoc revenue.
Accommodation: Two-bedroom apartment is available on the second floor which has recently been fully refurbished.
APPENDIX
Detailed financial statements, client contracts, lease agreements, and staff profiles available upon request.
