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exiges

Another Angle On How Business/property Is Doing

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I recently received a brochure from an agent that specialises in cattery/kennels for sale..

There are 95 properties for sale in the brochure, and 29 of them have recently reduced their prices (below). Some pretty meaty (no pun intended) drops there, interesting what it says at the end. I've added the % drops.

Reduced Properties

Lincolnshire Ref:4243 Was £265,000 Now £249,950 - 7% drop

Norfolk Ref:4017 Was £365,000 Now £329,995 - 9.5% drop

Yorkshire Ref:4244 Was £395,000 Now £370,000 - 6.5% drop

Staffordshire Ref:4196 Was £400,000 Now £349,000 - 12% drop

S. Humberside Ref:4230 Was £425,000 Now £399,500 - 6% drop

Wales Ref:4180 Was £425,000 Now £399,000 - 6% drop

Cambridgeshire Ref:4198 Was £425,000 Now £375,000 - 11% drop

Sussex Ref:4201 Was £450,000 Now £400,000 - 11% drop

Yorkshire Ref:4132 Was £490,000 Now £425,000 - 13% drop

Eire Ref:4210 Was £495,000 Now £445,000 - 10% drop

Northumberland Ref:4212 Was £575,000 Now £499,500 - 13% drop

Yorkshire Ref:4197 Was £595,000 Now £545,000 - 8% drop

Somerset Ref.4241 Was £595,000 Now £560,000 - 6% drop

Lincolnshire Ref:4254 Was £595,000 Now £569,000 - 4% drop

Yorkshire Ref:4214 Was £625,000 Now £549,000 - 12% drop

Gloucestershire Ref:4143 Was £610,000 Now £549,000 - 10% drop

Wales Ref:4181 Was £675,000 Now £565,000 - 16% drop

Sussex Ref:4223 Was £699,950 Now £669,500 - 0.01% drop

Wales Ref:4102 Was £725,000 Now £695,000 - 4% drop

Leicestershire Ref:4067 Was £745,000 Now £595,000 - 20% drop

Yorkshire Ref:4144 Was £750,000 Now £695,000 - 7% drop

Yorkshire Ref:4179 Was £750,000 Now £695,000 - 7% drop

Essex Ref:4199 Was £765,000 Now £699,500 - 12% drop

Surrey Ref:4239 Was £795,000 Now £699,000 - 12% drop

Cheshire Ref:4222 Was £795,000 Now £695,000 - 13% drop

Yorkshire Ref:4068 Was £825,000 Now £710,000 - 14% drop

Cheshire Ref:4193 Was £850,000 Now £795,000 - 6% drop

Sussex Ref:4192 Was £895,000 Now £725,000 - 19% drop

Cheshire Ref:4107 Was £925,000 Now >£800,000 - 14% drop

Part-Exchange:

Due to the sluggishness of the property market, a number of Vendors

are willing to explore the possibility of a part-exchange.

Edited by exiges

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Say I bought one of those for £500k then I'd be looking at around £5k-£10k a month in mortgage / business loan repayments plus business rates and general costs.

Is there really that much money in looking after cats?

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Say I bought one of those for £500k then I'd be looking at around £5k-£10k a month in mortgage / business loan repayments plus business rates and general costs.

Is there really that much money in looking after cats?

From one of the ads:

Ref:4250…£795,000

Licensed to Board 50 Dogs and 16

Cats with modern ranges of kennels, all with attached runs.

Turnover: About £100,000

Bear in mind that's declared turnover, much of it is cash and won't see the light of day.

Most kennels/catteries run at 80% gross profit.

As for your question regarding a £500,000 property, you can find some with turnovers around £55k. It's an economy of scale thing.

So your mortgage is about paid for, you get a few acres, you just need some kennel maids (cash) to do the work

Edited by exiges

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Where is the one in Wales?

I ask as I heard yesterday of one near Swansea that closed recently because it allegedly could not get planning permission for new buildings. No more info than that, other than I was told the owner was looking around for other property.

I did wonder whether the kennels was just an excuse to build houses and do the usual developer lark.

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....near me there are people that take dogs into their own homes to care, feed and walk the pets while their owners are on holiday, all they require is medical insurance.....some people house sit for pets and look after the pets and the houses water the garden etc..... ;)

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From one of the ads:

Bear in mind that's declared turnover, much of it is cash and won't see the light of day.

Most kennels/catteries run at 80% gross profit.

As for your question regarding a £500,000 property, you can find some with turnovers around £55k. It's an economy of scale thing.

So your mortgage is about paid for, you get a few acres, you just need some kennel maids (cash) to do the work

and make a living.

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I wonder what the insurance is like for these places? What happens if an animal gets taken ill at such a place? Could be on to a loser if you have just a handful of customers who claim that Fluffy got taken ill?

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Mostly they're run part time by the lady of the house.

and he's a tramp I'll bet.

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I wonder what the insurance is like for these places? What happens if an animal gets taken ill at such a place? Could be on to a loser if you have just a handful of customers who claim that Fluffy got taken ill?

Just get them drunk and hand them a new cat! :blink:

True you will need access to a vet!

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I would have thought that this was more an indication of the state of the wider economy than property prices.

Kennels and cateries struggling is a sign of people having no money and not going away on holidays.

This may be an opportunity to pick up a decent sized plot for a good price but certainly not as a business imo.

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I wonder what the insurance is like for these places? What happens if an animal gets taken ill at such a place? Could be on to a loser if you have just a handful of customers who claim that Fluffy got taken ill?

Many years ago my 15 year old friend worked at a kennels one summer. A few weeks in and a big dog attacked him, biting his face a couple of times. His Dad got him to make a claim and eventually, two years later, he received £5,000. Not sure if it came directly from the kennel owners or insurance the business have taken to cover such possibilities.

Kennels and cateries struggling is a sign of people having no money and not going away on holidays.

Yes and also the big rise in abandoned pets not just in the UK but many other countries. Big rise in abandoned dogs in Japan last couple of years. 100,000 a year.

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I would have thought that this was more an indication of the state of the wider economy than property prices.

it's a combination of both. Without the business the house and land still has a residential value.

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  • 276 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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