DIY Hardware & Electrical Supplies Business In Lytham For Sale

Business description

Preferred Commercial is delighted to offer for sale this very well established business that was established over 15 years ago and has been in our client's hands for the past 5 years. The business is only now being placed on the market due to family commitments. Over the years, the business has built up an excellent reputation within the area and currently has a weekly turnover of £2,250 achieving a gross profit of 45%. The business further benefits from 2 self-contained flats that have been rented out on assured short hold tenancies at a rental of £10,200 per annum. Although the business benefits from an excellent turnover, we feel that this could be greatly built upon with the introduction of gardening products, develop plumbing and heating supplies as well as expand the product range in general. This, in our opinion, is a sought after area and a true lifestyle business. There remains infinite scope to develop the turnover further. Early discussions with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 10 years
Remaining: 4½ years
Review: every 3 years
Rent: £17,750 per annum

Leasehold rent:

£17,750 per annum

Location:

Lytham St Annes DIY is located on Station Road, adjacent to the High Street and opposite the new Booths store, giving excellent footfall and passing traffic. Lytham St Annes is an affluent residential area with a large retirement community. Lytham boasts excellent access to both Blackpool and Preston, while the M55 motorway, leading to the M6, is just a short drive away.

Premises details:

Single fronted corner property situated in an excellent trading position. Briefly comprising:

Ground Floor
• Main entrance leading to
• Open-plan sales area with shelving and racking on perimeter walls, 2 x central aisles, wide sales counter
• 2 rear show/retail sales areas
• Store room
• Rear office

First Floor Flat 1
• Separate entrance
• Lounge
• Kitchen
• 2 x bedrooms
• Bathroom
• Rented at £490pcm

Second Floor Flat 2
• Separate entrance
• Lounge
• Kitchen
• Double bedroom
• Bathroom
• Rented at £360pcm
External
• Yard to rear

Other information

Trading hours:

Mon - Fri: 8.00am - 5.00pm
Sat: 9.00am - 4.00pm
Sun: Closed