Established DIY & Hardware Shop - Preston

Prominent Main Road Location
Projected Annual Turnover £100,000
Projected Gross Profit £40,000
Further Financial Info Available After Viewing
Repeat Customer Base
Potential To Extend Range Of Products Sold
EPC - TBC
Blacks Brokers are pleased to bring to the market this leasehold DIY business located in Bamber Bridge, Preston.

INTRODUCTION

Morgan’s DIY has been trading from this impressive property since 2010 and our client acquired the business in 2018. The business specialises in hardware, electrical goods, paint, plumbing , iron mongers and key cutting. The brand has an exceptional reputation in the area and this store produces good levels of profit and high turnover since it first opened in 2010. Our client has built upon the reputation and has pushed the business forward.

LOCATION

The business is located on Station Road in Bamber Bridge. The premises has excellent transport links with a railway station opposite and the M65/M6/M61 just one mile away. The location has a heavy footfall as it is surrounded by big high street names such as Boots Chemist, Morrison’s and Sainsbury’s.

REASON FOR SALE

This opportunity has become available due to our client’s other business commitments and therefore the business has been placed on the open market at this appealing price point.

LEASE

The unit is available for rent on a FRI basis ( Full Repair and Insurance). This is the most common type of lease. The current lease is on a ten year term which commenced in 2018. The current rent is £346 per week.

BUILDING LAYOUT AND DESIGN

The lease covers the ground floor only of this two storey building. The striking signage and corner plot location present an excellent first impression and delivers all the charm of a traditional DIY shop.

The main door leads into the shop with a serving counter on the left hand side of the main door. Through to the rear of the building is an office and small yard with outside toilet facilities. The unit is 100% commercial. The premises is protected by a CCTV system and a property alarm. The building also offers air conditioning.

STAFF

Our client operates the business on a full time basis and is supported in the business by one full time member of staff.

FINANCIAL DETAILS

The business has traded strongly since it first traded and according our client the projected turnover is at £100,000 with a gross profit of 40% .

BUSINESS RATES

The business currently benefits from Small Business Rates Relief.

SUMMARY

Since 2010 the business has traded steadily and is well known in the surrounding areas and the property has become a landmark building due to its striking signage and strong brand identity and exterior display. The business would ideally suit a hands one owner operator them who could continue building the trade and look to enjoy the potential trading opportunities that are available such as exploring social media advertising to raise the profile in the local area and perhaps launch a website with an e-commerce facility.

Early viewings are advised to avoid disappointment. Fixtures:
Shelving

Racking

Epos Till

Key Cutting Machine