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Retail Property (high street) for sale

Springfield Street, Preston, Lancashire, PR1

35 sq. m.

Property Description

Commercial information

  • Business for sale
  • 376 sq ft (35 sq m)

Key features

  • REF: 1789

Full description

Tenure: Leasehold

Hilton Smythe welcomes to the market PDS Drainage Supplies.

This profitable business has been established for over 30 years with our client successfully running the business for the last 15 years. Our client has worked tirelessly in establishing a loyal customer base and benefits from high repeat trade and is only offered to the market due to our clients wish to retire. The majority of income is derived from local builders and the general public. In addition our client has approximately 25 account customers, including Travis Perkins and Grafton Group.

PDS Drainage specialises in the supply of plastic drainage products including gutters, drain pipes, soil and vent pipes, sealants, septic tanks, sewage treatments, waste and overflow pipes, cladding and water supply pipes and also roof line products such as facias and soffits. The business has an excellent reputation and offers fantastic customer service with a popular delivery service within a 20 mile radius, which could be expanded if required.

The business is currently run at a pace to suit our client due to his impending retirement. This is a fantastic opportunity for a new purchaser with enthusiasm and drive to move the business forward and we believe with a target marketing campaign, the account customer base can be easily increased to further enhance turnover and subsequent profit.

We highly recommend early viewing of this clearly sustainable profitable business.

PDS Drainage operates from a unit within a small yard on an industrial estate, surrounded by a plethora of businesses and within a densely populated area.

The business is located within the City of Preston in Lancashire. With easy access from the A6 trunk road. The M6 and M55 are just a short distance away, providing excellent links to the national motorway network.

The business is run from a small yard with 4 large steel containers used for stock storage and a small office with trade counter. There is ample street parking in the vicinity.
We are advised leasehold. The lease is on a rolling arrangement with rent at 5,680 per annum.
The business currently opens:- Monday to Friday 8.00am - 5.00pm Saturday 9.00am - 1.00pm Sunday closed.

The business is owner run and managed with the assistance of part time staff at busy periods.
The business reports a turnover of circa 100,000 per annum.
From January-June 2015 the business has seen an approximate 38% increase in turnover, from the previous year.

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