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Transport Models LtdWest Strand,Ashton-On-Ribble,Preston,PR1

£100,000
382 sq. m.

Property Description

Commercial information

  • Business for sale
  • 4,111 sq ft (382 sq m)

Key features

  • REF: 1425
  • LEASEHOLD
  • MODEL & HOBBY SHOP

Full description

Tenure: Leasehold

LOCATION
The business is located in the city of Preston in Lancashire, it lies on the north bank of the River Ribble, with the northeast of the district lying within the Forest of Bowland.

Occupying a prime trading position on the very busy A5072 Strand Road at the junction of the A583 ensuring heavy passing traffic and ample footfall throughout the day. The business is located within a converted mill, just outside the city centre and benefits from a large free car park for staff and customers.

Preston has excellent road links being in close proximity to the M55 and the M6 and is served by its own railway station providing an easy commute to Manchester and Liverpool and linking with the rest of the national railway network.

BUSINESS
Hilton Smythe welcomes to the market Transport Models. This is an excellent and nationally known model and hobby business. It was established in 1989 and has been under the control of the present directors for the past 20 years.

This is a business which can truly be called 'a one stop shop'. There is over 400,000 worth of good quality stock at cost value, which includes model railways, collectable diecast, plastic kits from all the leading manufacturer, and a vast range of plastic soldiers, including the famous Armies in Plastic from America. All the ancillary items to build a model railway, to assemble and paint the plastic kits, as well as informative books and necessary tools, are stocked.

Customers can purchase items from the retail shop in the Mill, or via the website, www.transportmodels.co.uk. Transport Models also have a large presence on Ebay selling under the name of 'Kitlady', with over 6,000 items itemised. The current turnover from the shop and online is in the region of 771,000 with a gross profit circa of 33% as per 2016 accounts. The turnover is attributed equally via the shop 50% and Ebay 50%..

This is an excellent business with great potential for growth.

PREMISES
Transport Models is based within the converted mill, taking up approximately 4,000sq. ft of floor space on the ground floor. There are 2 large showrooms, stockrooms and offices, a mail order packing department, also an impressive showroom in the entrance.

There is ample car parking facilities in the mill grounds.
TENURE
We are advised Leasehold.

Rental is via licence, when the rent is paid this includes services and is in the region of 1,500 per month.

HOURS
The retail shop is open on weekdays Monday through to Friday from 8:30am to 4:30pm, and on Saturdays from 8:30am to 5:00pm

STAFF
There are 8 working staff, which includes the 2 company directors

FINANCIAL PROFILE
The business reports a very healthy turnover circa 770,000 with a gross profit circa of 33% as per 2016 accounts and is increasing 10% annually.

Reported gross profit is around 256,000.

The rates are approximately 6000 per annum.


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